The Latest Breaking News from Damola Adamolekun

Red Lobster CEO says endless shrimp is never coming back because 'I know how to do math'

Instead, Damola Adamolekun is going back to what made the company successful in the first place.

Fortune · Nov 13, 2024

Red Lobster is on a hiring spree to replace its C-suite in the aftermath of the endless shrimp debacle

The seafood chain appointed a new chief marketing officer and chief financial officer.

Fortune · Oct 26, 2024

Red Lobster’s new CEO breaks silence over the downfall of the endless shrimp

All-you-can-eat offer blamed for crisis that saw the chain closing more than 100 restaurants

The Independent UK · Oct 4, 2024

Red Lobster’s 35-year-old CEO wakes up at 4 a.m.

Damola Adamolekun previously served as the CEO of P.F. Chang’s before accepting the top job at Red Lobster.

Fortune · Sep 15, 2024

Red Lobster's future is looking up

Red Lobster will also see new leadership changes once its forthcoming acquisition is complete

Salon · Sep 11, 2024

Red Lobster CEO secretly visited restaurants around the country before being made boss

Damola Adamolekun sampled crab legs and lobster tail in a food tour starting in May and ending in August when he was hired.

Fortune · Sep 6, 2024

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection

The Independent UK · Sep 5, 2024

New CEO could bring Red Lobster C-Suite stability—and prevent another endless shrimp debacle

Damola Adamolekun will become the chief executive of RL Holdings LLC, which is set to acquire Red Lobster.

Fortune · Aug 27, 2024

Red Lobster's new leader is a millennial Wall Street fave who doesn't believe in work-life balance

Damola Adamolekun, former P.F. Chang’s CEO, turns to a new fast-casual venture.

Fortune · Aug 26, 2024

Red Lobster closes two dozen more restaurants after 100 shut down following bankruptcy

Last fall, Red Lobster lost $11m on its Ultimate Endless Shrimp promotion, which charged $20 for all-you-can-eat shrimp deal

The Independent UK · Aug 26, 2024