Damola Adamolekun, born in Nigeria and bred in the United States, grew up in an African household. Both of his parents are health professionals, working as a neurologist and pharmacist!
Damola started a new tenure as the Chief Executive Officer (CEO) of Red Lobster in September 2024. Red Lobster, also called Red Lobster Hospitality, LLC, is an Orlando, Florida-based casual dining restaurant chain.
Adamolekun was called up to become the new CEO of the dining restaurant on August 26, 2024. A day earlier, Red Lobster had closed 23 restaurants as part of the bankruptcy plan.
Damola joined Red Lobster with the motive of bringing back the greatness the restaurant had carried for decades. He was a 9-year-old when he first tried the Red Lobster meal and he has been the fan since.
Now, he leads the corporation, which is equipped with 30,000 team members, to restore its status as one of the most reputable American restaurants. Damola carries Red Lobster in strategic initiatives to comply with the modern standard.
Congratulations and best wishes to Damola Adamolekun!
Damola Adamolekun Early Life & Parents
Damola’s upbringing came in a Nigerian household where his parents devoted their professional careers to the medical field. His father is a neurologist and his mother is a pharmacist.
He is 35 years old, born in 1989 in Nigeria. Damola celebrated his birthday in 2023 with his family and team members from P.F. Chang’s.
He considers his mother the biggest role model. Mrs. Adamolekun has shuffled between her work as a pharmacist and business owner while guiding her son and his three siblings to the glory of greatness.
Damola’s father, a neurologist by profession, is the one who set the bar for excellence in his life. Mr. Adamolekun has always guided Damola and his two sisters and a brother to reach higher levels with every step they take.
Although born in Nigeria, Damola has lived in Zimbabwe and Netherlands, before moving to Springfield, Illinois. He then settled in Columbia, Maryland.
Damola has a Bachelor of Arts degree in Economics and Political Science which he obtained from Brown University. He then completed his MBA at Harvard Business School.
How Much Is Damola Adamolekun’s Net Worth?
Damola’s net worth in 2024 swirls around $10 million. He is now adding to his fortune as the CEO of Red Lobster.
Before his stint at Red Lobster, Adamolekun served as the top executive and first Black CEO of the Asian fusion restaurant, P.F. Chang’s.
During his time at P.F. Chang, Damola reportedly generated an estimated $1 billion in revenue for the restaurant chain. He worked there for 4 years and 11 months from February 2019 to December 2023.
Adamolekun handled the role of Partner at Paulson & Co., a New York-based investment firm from June 2016 to December 2023. Before that, he served as a Private Equity Associate at TPG Capital from July 2013 to July 2015.
Damola started his professional career working at Goldman Sachs. He held two positions there of Private Equity Group Summer Analyst and Investment Banking Analyst.
Does Damola Adamolekun Have A Wife?
Damola’s new addition to the managerial team of Red Lobster has made everyone curious about his personal life. So, is the decorated CEO of one of the most popular restaurant chains in the US married?
The answer to the question is NO! Damola is yet to walk down the aisle together with his better half.
While enjoying his singlehood, Adamolekun keeps on racking up professional success over the course. His growing success easily complements the constant effort he puts into his work.
Additional Information
- Damola has been the face of popular publications like CNBC, Fox Business, Yahoo Finance, Wall Street Journal, Forbes, and many more.
- He received three GLOBEE Leadership Gold awards for CEO of the Year in 2021.
- His name was inducted into the Nation’s Restaurant News Power List of innovative and inspiring leaders in the restaurant industry.
- At Brown University, Damola played football for the Ivy League champion Brown Football Team.
