Consumer >> CEO Interviews >> October 19, 1998

Joe R. Lee – Darden Restaurants Inc (dri)

JOE R. LEE was named Chairman and CEO of Darden Restaurants, Inc., on May 29, 1995. In December 1994, he had been named President and CEO of General Mills Restaurants, Inc., with the announcement that General Mills, Inc., would separate into two public companies effective June 1995. Mr. Lee was elected a Vice Chairman of General Mills in April 1992. Mr. Lee began his business career in 1967, when he joined the founding team of Red Lobster. He was manager of the first Red Lobster, which opened in Lakeland, Florida, in 1968. In June 1972 he was named President and CEO of Red Lobster. In March 1976, Mr. Lee was elected Vice President of General Mills, Inc. In January 1979, he was elected President of General Mills Restaurants, a position in which he was responsible for all of General Mills' restaurant operations, which now include Red Lobster and The Olive Garden. In December 1980, he became Executive Vice President of General Mills and in September 1985, he was elected to the corporation's Board of Directors. He also serves as a member of the Board of Directors of Tupperware, Inc. In May 1994, Mr. Lee received the degree of Doctor of Business Administration in Foodservice Management Honoris Causea from Johnson and Wales University in Rhode Island, and in May 1995 he received an Honorary Doctor of Laws degree from St. Leo College in Florida. Profile
TWST: Give us a brief summary sketch, a bit of a historical view of

Darden Restaurants, and then bring us up to date. Over the next two to

three years, what do you see as the key challenges and