Red Lobster appoints Damola Adamolekun, ex-P.F. Chang's CEO, as part of Fortress Investment Group ownership reorganization, with a $70M investment for operational improvements.
Red Lobster has appointed Damola Adamolekun, former CEO of P.F. Chang's, as part of its reorganization under new ownership by Fortress Investment Group. At 35, Adamolekun, a Harvard Business School alumnus, will focus on enhancing employee and customer experiences, backed by a $70 million investment to improve operations. His prior success includes navigating P.F. Chang's through the pandemic and expanding its takeout services.
September 15, 2024
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