Currently, Clarence Otis occupies the position of Member of The Business Roundtable. Mr. Otis is also Chairman of Jazz At Lincoln Center, Inc., Member of Executive Leadership Council, Inc., Member of New York State Bar Association, Member of The Business Council and Member of The Horatio Alger Association of Distinguished Americans and on the board of 20 other companies.

He previously occupied the position of Chairman & Chief Executive Officer at Darden Restaurants, Inc., Assistant Vice President-Public Finance at Kidder, Peabody & Co., Inc., President, Chief Financial Officer & Executive VP at Smokey Bones Barbeque & Grill, Vice President-Public Finance at First Boston Corp. and Managing Director & Manager-Public Finance at Chemical Securities, Inc.

Mr. Otis received an undergraduate degree from Williams College and a graduate degree from Stanford Law School.