Former P.F. Chang's CEO Damola Adamolekun appointed as Red Lobster CEO after acquisition from bankruptcy.

Former P.F. Chang's CEO Damola Adamolekun appointed as Red Lobster CEO after Fortress Investment Group-led acquisition from Chapter 11 bankruptcy. Red Lobster, with 544 locations across 44 US states and four Canadian provinces, is set to continue operating as an independent company under new ownership. Adamolekun's leadership and experience are expected to help restore Red Lobster's status as an admired brand.