The Breakfast Club INTERVIEW: Damola Adamolekun On Being The CEO Of 'Red Lobster' Saving Company From Bankruptcy, PF Chang's +More
Feb 21, 2025
Damola Adamolekun, the dynamic CEO of Red Lobster and ex-CEO of P.F. Chang's, shares his remarkable journey of turning around struggling restaurants. He discusses the balance of nostalgia and innovation in revitalizing Red Lobster's brand, highlighting the introduction of casual dining experiences like happy hours. Adamolekun also addresses the unique challenges of being a black CEO and the importance of community engagement. His insights into leadership and strategic decisions during crises like COVID-19 provide a captivating look into the restaurant industry's future.
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P.F. Chang's Acquisition and COVID-19
- Damola Adamolekun's restaurant career began with a deal to buy P.F. Chang's in 2019.
- The COVID-19 pandemic presented significant challenges, requiring him to step in as CEO to salvage the investment.
Early Investing and Goldman Sachs
- Damola Adamolekun's interest in investing started in high school after winning a $10,000 speech contest.
- He used the money to start a stock portfolio and later interned at Goldman Sachs.
Prepare and Develop
- Prepare for opportunities by studying and developing necessary skills.
- Continuously strive for self-improvement and recognize that growth is an ongoing process.