Red Lobster buyer taps former PF Chang's chief as CEO

Published On Aug 27, 2024, 9:27 AM

Red Lobster has announced a leadership change as it emerges from Chapter 11 bankruptcy, appointing Damola Adamolekun, the former CEO of P.F. Chang's, as its new CEO. This change comes after the company has been restructuring, which included the closure of multiple locations to minimize losses. Adamolekun expressed optimism about revitalizing the Red Lobster brand and improving the employee and customer experience, highlighting his plans to invest in the brand's future.