Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Ruth Umoh

How Red Lobster’s CEO weighs the risks and rewards of a turnaround role

(Credit: Paula Lobo—American Broadcasting Companies, Inc./Getty Images)

When Damola Adamolekun, 36, accepted the CEO role at Red Lobster, the nation’s largest casual dining seafood chain was in bankruptcy and weighed down by years of operational missteps. On paper, it was the kind of job most executives might politely decline: high risk, thin margin for error, and limited time to stabilize. For Adamolekun, though, it was an irresistible equation.

“I think this can be the greatest comeback in the history of the restaurant industry,” he told me in a wide-ranging interview for Fortune‘s newly-launched CEO Playbook vodcast. “To lead that would be a once-in-a-lifetime opportunity.”

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.