Company now turns search to new CFO.

Company says search committee continues hunt for full-time leader.

Twelve of Starboard Value's nominated directors have been elected.

Parent Darden defended its transformational plans for the Italian chain in response to activist investor's complaints.

Clarence Otis set to step down no later than Dec. 31, 2014.

Darden's brand renaissance plan for the casual-dining chain include on-line ordering, a menu overhaul and a new logo.

The sale will allow Darden Restaurants to focus on reinvigorating its Olive Garden brand.

Shareholders wary of plans for Red Lobster and Olive Garden.