Damola Adamolekun
Coverage of Damola Adamolekun in the Nexus archive.
- Red Lobster CEO using AI, nostalgia for ‘greatest comeback in the history of restaurant industry’
Damola Adamolekun became Red Lobster's new CEO in September 2024. The CEO is leveraging AI and nostalgia for Red Lobster's 'greatest comeback in the history of restaurant industry'.
- Red Lobster's 37-year-old CEO betting on nostalgia, AI to fuel chain's comeback after bankruptcy
Red Lobster's 37-year-old CEO Damola Adamolekun is leading a comeback strategy using nostalgia and AI after the chain filed for Chapter 11 bankruptcy in 2024. The company closed underperforming locations and has shifted focus to employee engagement and limited-time promotions like endless shrimp.
- Longest-running Red Lobster location in America is closing after 56 years
Red Lobster's oldest continuously operating location in Tallahassee, Florida, is closing after 56 years due to financial struggles, including the fallout from its permanent Endless Shrimp promotion and a 2014 real estate deal. The company, which emerged from bankruptcy in 2024, has introduced new leadership and menu changes under CEO Damola Adamolekun.