Red Lobster CEO: ‘You can’t be a perfect candidate for anything’—this mindset helped me become a CEO at 31
Damola Adamolekun became a chief executive at 31, and says his approach to his weaknesses and having strong people skills helped him succeed.
TL;DR
- Damola Adamolekun became Red Lobster's youngest CEO in August 2024.
- He previously served as CEO of P.F. Chang's starting in April 2020.
- Adamolekun stresses the importance of recognizing and managing personal strengths and weaknesses.
- His financial background includes roles at Paulson & Co., TPG Capital, and Goldman Sachs.
- He believes in aligning teams, building strategy, and empowering employees.
- Mark Cuban advises against micromanagement, advocating for trusting employees.
- P.F. Chang's revenue increased significantly under Adamolekun's leadership.
- Red Lobster is undergoing a rebound with menu innovation and a focus on hospitality.
- The company has implemented staff reductions to aim for profitability.