Red Lobster lenders select former P.F. Chang's CEO Damola Adamolekun to run the struggling seafood chain upon its emergence from Chapter 11 bankruptcy.
The group seeking court approval to purchase Red Lobster has selected former P.F. Chang's CEO Damola Adamolekun to run the faltering seafood chain upon its emergence from Chapter 11 bankruptcy. Fortress Investment Group, which formed RL Investor Holdings, LLC – a new entity planning to acquire Red Lobster – announced the move Monday, pending court approval. Adamolekun, who stepped down from his role as the boss of restaurant chain P.F.
I’m looking forward to working with our team members across North America to reinvigorate the brand by making it the best place to work for our employees and improving the experience for our guests," Adamolekun said in a statement. NEW BOEING CEO FOCUSED ON RESTORING TRUST: ‘WE CLEARLY HAVE A LOT OF WORK TO DO’ "Red Lobster’s future is brighter now than ever before – I cannot wait to get started on our investment plan, and to get out and meet diners across the USA and Canada.
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