Registry of Corporate Directors. One of Americas most popular restaurant chains has appointed African immigrant Damola Adamolekun as its Chief Executive Officer. He uses a Word. So, a lot of people shifted to off-premise delivery ordering, they started using QR code menus, maybe they wouldnt have done that before the pandemicThis sort of digital orientation that increased during the pandemic, out of necessity, weve seen that hold even as people come back into the restaurants, Adamolekun said in an interview with The Washington Post. Number of Past Jobs 1. At just 31, Damola Adamolekun became the CEO of the famous restaurant chain P.F. The Herald News - Nigerian Newspaper delivering reports on Politics, Government, Entertainment, Sports and more. Since 2020, he has been leading the company to ensure its continued. While that is not a lot compared to other CEOs, it's significantly greater than other P.F. Fidelia Salami: Celebrating an Indispensable Asset to Nigerias Tourism Adedayo Aderibigbe: From Educator to Advocate of African Voices. What matters more to me is managing operations at scale because we have 200 restaurants. Chang's beginning July 1st, 2020, Damola Adamolekun was well aware of the extraordinary challenges facing the firm. Changs headquarters) to help. Powered and implemented by Interactive Data Managed Solutions. He is 32 years old now. Damola is related to Bolanle Adamolekun and Ademola Adamolekun as well as 1 additional person. I went out to the field and spent a lot of time with the operators. Damola Adamolekun became CEO of P.F. The national chain currently has more than 210 locations across the United State, according to P.F. Damola is the CEO of one of the most well-known restaurant chains in the hospitality industry, and it is anticipated to be in the neighborhood of $130,000 or more a year, and he will have a net worth of around $10 million. "The lighting was too bright. Chang. Chang's CMO Tana Davila discusses the chain's Honolulu flagship", "I'm the CEO of restaurant chain PF Chang's. Adamolekun said the company remodeled almost 80% of the fleet, introducing more colorful decor, ambiance, and music., One example of how hands-on he is is taking the option of macaroni and cheese off of the menu. Business-centric with wings spread via partnership with different companies where he owns major share including Paulson & Co the investment group that joined forces with TriArtisan Capital Advisors to buy P.F. We have a guest reservation system that makes their jobs a lot easier. Damola holds the nationality of American, but his ethnicity and religion are not known. Since the 1970s, its flagship product Black Enterprise magazine has covered African-American businesses with a readership of 3.7 million. How Rich Is The P.F. Damola is an experienced vice president at Paulson & Company. He uses a Word document to track priorities and measure progress on the year's action plan. But we saw it as a huge opportunity. Mr. Adamolekun serves on the Board of Directors for International Tower Hill Mines (NYSE: THM), P.F. But you also saw a chance to do more with off-premise, whether delivery or pickup? He introduced radical changes to the restaurant's operations, with a view to improving customer experience. Stay up to date with what you want to know. P.F. Sure, you could order takeout from your local Chinese restaurant, but if you want something a little nicer and a night out of the house P.F. Adamolekun, who became the first black CEO of the restaurant in 2020, led the restaurant through a difficult period during the heat of the COVID-19 pandemic. Damola has played a key role in the development . Get 5 free searches. ^ Zickhur, Monty (March 4, 2022). Black talents are representing big across the globe and weve got one more proof! }); EVENTS He is 32 years old now. Damola Adamolekun, 33, is the Chief Executive Officer of P.F. Damola Adamolekun is the Chief Executive Officer of P.F. Top Result for Damola Adamolekun 1 The best result we found for your search is Damola Adamolekun age 30s in Scottsdale, AZ in the Airpark neighborhood. Hes one of the few Black chiefs of a major U.S. companyP.F. Adamolekuns Routine for Personal Success. Its Our Publisher Duchess Bolaji Odunugas Birthday and We Cant Southern Africas Shisa Nyama: A Feast for the Senses. Changs To Go[18] take-out only location will be in Chicago, Illinois. Chang's is opening its first location in China as an 'American bistro', "P.F. Im very data-driven, so I wanted to build a heat map of sorts to see whats happening within restaurants, so its not all anecdotes. Its a title thats very prestigious in our organization. 17802 Hillside Ave, Suite 410, Jamaica, New York 11432 | (732) 982-7744. Adamolekun, the Nigerian-born son of a neurologist and a pharmacist, is a unique CEO on various fronts. Damola Adamolekun has had 1 past job as the Co-Founder at Ummo. [17], On March 15, 2004, Chang's reported that it had modified its partnership accounting, which resulted in a restatement of its financial results for prior years. pos: 'right_rail_3', [12], The chain was founded in 1993 by Paul Fleming and Philip Chiang - son of Cecilia Chiang. Women of Power TECH, PODCASTS When you advised John Paulson in 2019 to buy P.F. [14], ConAgra Foods, Inc. acquired the P.F. Read up on Damola Adamolekun's biography, career, awards and more on ESPN. See the complete profile on LinkedIn and discover Damola . }); !function(n){if(!window.cnx){window.cnx={},window.cnx.cmd=[];var t=n.createElement('iframe');t.display='none',t.onload=function(){var n=t.contentWindow.document,c=n.createElement('script');c.src='//cd.connatix.com/connatix.player.js',c.setAttribute('async','1'),c.setAttribute('type','text/javascript'),n.body.appendChild(c)},n.head.appendChild(t)}}(document); Changs? What is your favorite dish at P.F. Chang's China Bistro, a popular Asian casual-dining restaurant chain based in the U.S. According to data firm Technomic, since his appointment P.F. It allows for clarity and open lines of communication, eliminates potential misunderstandings, and lets us spot potential issues early since we're in constant contact. As a child, he grew up knowing the restaurant in his town in Columbia, Maryland, and was excited about the potential growth for the restaurant chain that he believed was attainable. His focus was on operations and core management and there was a lot of progress there but less on some of the technology transformations we wanted. Always exciting to help with a Ribbon Cutting and a Grand Opening Event for a new business. ]); Organization Name . Top editors give you the stories you want delivered right to your inbox each weekday. Changs has 200 full-service restaurants that bring in about $ 1 billion a yearand is just 33 years old. Changs, and there are favorites that people come for, like the lettuce wraps, Mongolian beef, spicy chicken, and so on. He often visits restaurants to meet the team and get feedback. While you may be familiar with the P.F. The company brought in $922 million in revenue. Adamolekun, who became the first black CEO of the restaurant in 2020, led the restaurant through a difficult period during the heat of the COVID-19 pandemic. [20] On March 17, 2005, the company adjusted its accounting for leases in order to conform with U.S. generally accepted accounting principles. We'll assume you're ok with this, but you can opt-out if you wish. Contact One of America's most popular restaurant chains has appointed African immigrant Damola Adamolekun as its Chief Executive Officer. Changs China Bistro, a popular Asian casual-dining restaurant chain based in the U.S., is one of them. In this conversation, alongside the National Restaurant Association's celebration of Black History Month, we celebrate Damola's efforts . Also, Read About:- Joelle Rich Wiki (Johnny Depp Lawyer). The history maker used to be a server in his high school days. Adamolekun bagged a bachelors degree in Economics from Brown University and holds a Master of Business Administration from Harvard Business School. The heat map for each restaurant measures culinary performance, the time to get an order to the table, audit scores, hospitality performance and wait times. He spends an hour working from home each day before heading to the office for in-person meetings. Adamolekun continues to be a partner at Paulson & Co. targeting: { For Adamolekun, it is essential that the restaurant has a more elevated dining experience and is rooted in the brands identity. I pitched to my boss, John Paulson, that we buy this company, and then we went through the numbers, the structure of the deal, and the business potential, Adamolekun explained to Fortune. Meet Damola Adamolekun, the CEO of P.F. I work with my executive assistant to make sure my calendar is always up to date so I can easily do a quick check to see what the day holds, where I'm needed, and when I may have availability. Meet Damola Adamolekun, the CEO ofP.F. It was a pretty transformative thesis, between remodeling the entire fleet and building a digital infrastructure and delivery. By Victor Trammell Photo credits: Natasha Mishano Damola Adamolekun (pictured), 33, has been the CEO of the prominent Asian casual-dining restaurant business, which is located in the United States, since 2020. Changs as a part of its corporate portfolio, Adamolekun was familiar with the brand. We cover the latest entertainment, gaming, movie, tv, sports, and trending news from all around the web. A professional couple who make over $200,000 combined say its hilarious to think they could afford a home in Los CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Chang CEO Damola Adamolekun talks about the restaurant chain's recovery after the pandemic on "Bloomberg Markets: The Close." (Source: Bloomberg) Chang's and lives in Scottsdale, Arizona. tude.cmd.push(function() { In 2019, the chain appointed a new CEO, Damola Adamolekun (via LinkedIn).Little is known about Adamolekun's pay, but the new CEO has an Ivy League education (Brown and Harvard Business School, according to his Investment Conference 2019 bio), an investment banking background that includes a stint at Goldman Sachs, and at one point served on the Board of Directors for listed company . You were living in New York as a finance guy before all this. url: '33,year,old,is,making,history,as,the,first,black,ceo,of,p,f,changs', For instance, how much does P.F. Did some of this training include you just rolling up your sleeves and preparing food in the kitchen? Changs Chief Executive Officer, who guides the business in strategic efforts to ensure the ongoing progress of one of the biggest luxury Asian restaurant brands in the world. 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