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Darden Restaurants names Gene Lee interim CEO

The Olive Garden Darden Restaurants
Adam Jeffery | CNBC

Darden Restaurants said Chief Operating Officer Gene Lee would take over as its interim chief executive, replacing Clarence Otis.

The company said in July Otis would resign.

Read MoreDarden board ouster: A warning to corporate America

The company said on Tuesday its new board of directors has also appointed activist-investor Starboard Value's Jeffrey Smith as independent non-executive chairman.

Starboard last week won its standoff with Darden, convincing shareholders to replace the entire board of the Olive Garden parent.