Have a look at the family, wife, salary and net worth of Damola Adamolekun
Damola Adamolekun is a Nigerian-American executive and the current CEO of Red Lobster, find out more about him below.
Despite his young age, Damola has led the brand through a high-stakes turnaround after suffering a bankruptcy in 2024.
Who is Damola Adamolekun, Red Lobster CEO, bio, age, family, wife, ethnicity, nationality, education, salary and net worth
Red Lobster is officially out of bankruptcy, and 35-year-old CEO Damola Adamolekun is leading the revival—introducing seafood boil bags, $5 drinks, and pledging better service, upgraded food, and revamped interiors! 🔥🎉 pic.twitter.com/zZYA6oXorS
— Daily Loud (@DailyLoud) June 24, 2025
New Red Lobster CEO just revamped the menu with seafood boil bags and $5 drinks! 35 year old Damola Adamolekun is the new CEO & promises better service, food and interiors.
Red Lobster is no longer in bankruptcy! pic.twitter.com/DyzJFcOWbf
— SAY CHEESE! 👄🧀 (@SaycheeseDGTL) June 24, 2025
Adamolekun is known for blending investment savvy with restaurant leadership, and he has already proven his capability at P.F. Chang’s.
Damola Adamolekun leads Red Lobster out of bankruptcy
Damola Adamolekun is the CEO of Red Lobster who recently managed to lead the company out of bankruptcy. Red Lobster had initially filed for bankruptcy back in May 2024, after drowning in over $1 billion in debt and less than $30 million in cash on hand. Following the bankruptcy filing, Fortress Investment Group took over the company and brought in Adamolekun to turn things around.
At that time, Damola was known for transforming P.F. Chang’s into a billion-dollar business, and he came in with a clear strategy in mind. He quickly dove into daily operations, identifying all the inefficiencies of the company and initiating cost-saving measures without compromising the customer experience. His hard work has since paid off and helped Red Lobster regain their brand identity, streamlining its menu, and reconnecting with loyal customers.
Damola Adamolekun biography and age
Damola Adamolekun was born in Nigeria in February 1989, and he is currently 36 years old. He later moved to the United States with his family at a very young age and grew up with a strong emphasis on education and work ethic. Damola demonstrated leadership potential and a keen interest in business strategy from an early age, and has since built a reputation as a grounded, team-oriented leader.
Damola was born in Nigeria in to Christian Yoruba parents, a neurologist father and a pharmacist mother. He spent his childhood in Zimbabwe and the Netherlands before moving to Springfield, Illinois, with his family at the age of 9. He currently resides in Scottsdale, Arizona and while its not known if he has a wife or girlfriend, he is currently believed to be single and unmarried.
View this post on Instagram
Education
Adamolekun earned his undergraduate degree from Brown University and later completed his MBA from Harvard Business School.
He attended Brown University, earning a Bachelor of Arts degree in Economics and Political Science in 2011 and later graduated with a master’s degree in business administration from Harvard Business School in 2017.
Nationality
Despite being born in Nigeria, Damola Adamolekun holds an American citizenship.
Profession and career
Damola Adamolekun started out his career at Goldman Sachs, before making the transition into investment roles at TPG Capital and Paulson & Co. He achieved his big break in the restaurant world after becoming the first Black CEO of P.F. Chang’s. During his three years at the company, he helped the brand hit over $1 billion in revenue, establishing his name as a force in the industry.
Later in 2023, Damola returned to Paulson & Co., eventually took the role of CEO at Red Lobster in 2024. The appointment came after Fortress Investment Group acquired the struggling chain the same year. Despite Red Lobster’s bankruptcy and financial issues at the time of purchase, Fortress and Adamolekun have attained a major comeback.
Net worth
Although the exact salary figures are not publicly available, Damola Adamolekun’s executive roles at P.F. Chang’s, Red Lobster, and top-tier investment firms suggest that his current net worth is at $10 million.
ALSO READ: New ‘Bushidō’ Update For Sengoku Dynasty Introduces Raids