By Meet 35-Year-Old Damola Adamolekun The CEO Of Red Lobster
Who is Damola Adamolekun? Damola Adamolekun is the new CEO of Red Lobster and formerly Led P.F. Chang’s.
Damola Adamolekun is a Nigerian who now leads Red Lobster after a successful time spent as the top executive and first Black CEO of the Asian-fusion restaurant P.F. Chang’s. According to the National Restaurant Association, Damola Adamolekun helped generate an estimated $1 billion in revenue for the chain.
This type of expertise is part of why the former Goldman SACHS INVESTMENT BANKER was hired to help Red Lobster overcome its continuous business performance problems.
In May 2024, the Seafood chain filed for bankruptcy. CNN noted that years of mismanagement, inflation, and competition led to more than $1 billion in debt and less than $30 million in cash on hand. Although the financial picture seems gloomy, Damola Adamolekun his now the man for the job.
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That is a black king right there! Weldone!