Red Lobster is now owned by RL Investor Holdings LLC, an affiliate of Fortress Investment Group and the chain’s major creditors. In the wake of this ownership shift, Damola Adamolekun, a Nigerian native and seasoned industry leader, has been appointed CEO. Adamolekun previously held the top position at P.F. Chang’s from 2020 to 2023, where his leadership helped the company successfully navigate the pandemic through a focus on off-premise dining and operational growth.
At Red Lobster, Adamolekun is expected to focus on revitalizing the brand and navigating its post-bankruptcy restructuring, a move crucial for the chain’s long-term stability. Prior to his appointment, he secretly visited Red Lobster locations around the country to better understand the challenges and opportunities facing the company.
Adamolekun’s experience at P.F. Chang’s, where he emphasized a channel-agnostic approach to customer service and technological enhancements, positions him well to guide Red Lobster in its next chapter
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