Chang's CEO make? Changs, one of the largest and most famous restaurant chains across the globe. "What was missing was the experience around the meal, he said in an interview. The CEO we hired was wonderful, but hes in his mid-70s and an old-school operator, Adamolekun said. B.E. Changs. Changs had a revenue burst of 32 percent in 2021. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. For Adamolekun, it is essential that the restaurant has a more elevated dining experience and is rooted in the brands identity. Q4) Who is the girlfriend of Damola Adamolekun? One of Americas most popular restaurant chains has appointed African immigrant Damola Adamolekun as its Chief Executive Officer. As for automation in the kitchen or the servers job, our food is too complicated to be handled by robots.. I read the Wall Street Journal each morning to get caught up on any key business, industry, and broader economic news. Fidelia Salami: Celebrating an Indispensable Asset to Nigerias Tourism Adedayo Aderibigbe: From Educator to Advocate of African Voices. The Herald News - Nigerian Newspaper delivering reports on Politics, Government, Entertainment, Sports and more. He's been leading the company since 2020. Changs operates 300 locations in 22 countries[9] and U.S. airports,[10] including P.F. In early 2019, Paulson & Co. joined forces with TriArtisan Capital Advisors to purchase P.F. Happy Birthday Chief Dr. Mrs. Folashade Noimat Okoya: The power woman behind The Eleganza Empire. Chang's accelerates expansion of To Go concept", "Centerbridge Buys P.F. The things that [customers] have learned during the pandemic, they havent forgotten. Ans) Damola holds the nationality of American. Chang's Modifies Its Partnership Accounting", "P.F. Adamolekun took the helm of the Scottsdale, Ariz.-based concept . Differentiating P.F. For Adamolekun, being back in the restaurant industry is a full-circle moment. Black Men XCEL He is 32 years old now. Accordingly, management and the audit committee determined that the company's previously issued consolidated financial statements, including those in the company's Annual Report on Form 10-K for the fiscal year ended Dec. 28, 2003, and those in the company's Quarterly Reports on Form 10-Q for the first three fiscal quarters of 2004, should no longer be relied upon. Changs which was bought for $700 million in 2019, and also a member of the Board of International Tower Hill Mines LLC. Damola Adamolekun is the CEO of P.F. Get real time updates directly on you device, subscribe now. The 33-year-old will manage over 200 physical locations and is responsible for maintaining or expanding the almost $1 billion the business brings in in a year. Chang's Home Menu license from Unilever in August 2012. subcat: '', Changs To Go[18] take-out only location will be in Chicago, Illinois. Perfect body. url: '33,year,old,is,making,history,as,the,first,black,ceo,of,p,f,changs', Edit Jobs Section. 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. Chang's focus on guest experience and improving the lives of their 15,000 employees. Subscribe to get the best stories into your inbox! The music was non-existent. Sign up for notifications from Insider! Thats why the labor market is so tight. With such an impressive resume, we can't imagine that his compensation package will be too shabby. aid: '794590', Meet Damola Adamolekun, 33-year-old Nigerian leading US restaurant chain. Damola Adamolekun is the CEO of restaurant chain P.F. Are you ready to embrace equity and empower yourself and Duchess of the Month: Dr. Mrs. Misitura Lawal-Arowona:, Nigerian-American Girl Makes History as First Black Valedictorian, Asisat Oshoala Leads Barcelona to Womens Champions League, Pastor Mrs. Folu Adeboye Receives Global Recognition for, FASHION FOCUS: Ibiyemi Alabi The Brain Behind, Laws That Protect Rape Victims And Hold Rapists, Abolaji Odunuga: Duchess International Magazine Aims to Bring, Model Leomie Anderson On Using Her Platform To, Yemisi Adeogun, First female president of Guild of, Adedayo Aderibigbe: From Educator to Advocate of African, From Pediatrician to Political Leader: The Inspiring Journey, Grab this opportunity to Create the Change You, Are you ready to embrace equity and empower, Welcome to February! aid: '794590', Chang's China Bistro, wants the Asian-inspired casual brand to be anywhere customers want it to be. Entrepreneurs Summit Adamolekun is not only limited to 1 company; he is also connected with other companies and has a sizable financial stake in all of them. More recent changes include a subscription program to stoke loyalty and an upcoming flagship in New York City, P.F. Have there been any notable culinary misfires as youve updated the P.F. How Rich Is The P.F. targeting: { However, the site reports that he made just $130,000 per year. He's one of the few Black chiefs of a major U.S. companyP.F. page_type: 'article', The lighting was too bright. Samia Hassan Suluhu Set To Become Tanzanias First Female President, Yemi Alade Shines in House of Maliqs May 2016 Issue, Serena Williams Is Back And Raring For Redemption As Grand Slam Season Heats Up, The 4th Edition of Nollywood Week Film Festival is almost Here! Chang's for $1.1 Billion", "Iconic Asian restaurant chain P.F. Black talents are representing big across the globe and weve got one more proof! Since 2020, he has been. According to data firm Technomic, P.F. Changs in-restaurant experience from rivals like Applebees also tops Adamolekuns list of priorities. Chang. Home Business Meet Damola Adamolekun: The History-Making 33-Year-Old Nigerian Who Is The First Black CEO Of P.F. Damola Adamolekun, the CEO of P.F. Whats more, he led the company to a 31.7% increase in sales in 2021 compared to the year before, according to Top 500 chain data from Restaurant Business sister firm, Technomic. By clicking Sign up, you agree to receive marketing emails from Insider Chang's first Black CEO in 2020. View Damola Adamolekun's profile on LinkedIn, the world's largest professional community. Since the 1970s, its flagship product Black Enterprise magazine has covered African-American businesses with a readership of 3.7 million. Changs success. Some of your restaurants name an executive chef on their outside window, a title usually associated with chefs at exclusive restaurants who determine the menu rather than a suburban casual dining chain. 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. Women of Power Summit It's important not to rush these big decisions that can impact business, and instead to take time to analyze and get it right. I didnt plan to operate the business when I did the deal. "P.F. Damola, who is now 33-years old, has been essential in the evolution of P.F. The closure of businesses deemed "nonessential" owing to the COVID-19 pandemic had devastated the restaurant industry in the United States and abroad. 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. It has been edited for length and clarity. It's Friday night after a long week at work and the last thing you want to do is spend hours 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. [citation needed], In December 2017, Chang's announced that they would open a location in Shanghai during the first part of 2018, Chang's first location in China. 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. The brand represents a group of frozen appetizers and meals that were sold under license by Unilever. Then I sit down with our CFO Brad Hill to discuss any relevant corporate planning or financial issues. Chang's menu, you may not be so familiar with what goes on behind the scenes, particularly when it comes to the restaurant's employees. 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. Nigerians are doing great things in America and Damola Adamolekun who, at 33, is leading P.F. "What was missing was the experience around the meal, he said in, 2023 THE QUINTESSENTIAL GENTLEMAN | CRAFTED BY. But we saw it as a huge opportunity. Its our most popular dish for a reason and is really what put us on the map. as well as other partner offers and accept our. One of America's most popular restaurant chains has appointed African immigrant Damola Adamolekun as its Chief Executive Officer. Hes been leading the company since 2020. We wish you a happy and prosperous new year! Even though Adamolekun, who also played defensive back at Brown University as an undergrad, is the CEO of P.F. Chang's. For the podcast audience, see, "PF Chang's Is in Early Planning for Initial Public Offering", "P.F. Wine, specialty drinks, Asian beers, sake, cappuccino, and espresso are available outside standard beverage offerings. Changs, he is also still a partner at Paulson, working to expand other brands within their portfolio. Changs in Florida and have things taste different than if youre visiting California. You were living in New York as a finance guy before all this. These can cover issues that impact any of our operating departments, as well as other key groups like board members, investors, lenders, franchise partners, and landlords. Chang's opens first restaurant in China", "P.F. Q2) What is the age of Damola Adamolekun? [8] P. F. Chang's is headquartered in Scottsdale, Arizona. [5], In 2010, "P.F. Chang's, where he has . Chang's in June 2020 at the height of the pandemic shutdown, after serving on the board as a partner with Paulsen & Co., which acquired the casual-dining . SUGARING NYC is a fast growing franchise. Damola has played the lead role in the subsequent sourcing management of many firms largest investments. For Adamolekun, the change in the companys culture included leadership showing the rank and file they will work as hard for success as they are, including rolling up their sleeves and making work not just about the food, but about corporate goals. Hes added touches since taking the helm two years ago, like dimmer lighting and ambient music, and tweaked the food menu, removing items like mac and cheese, which he says is not Asian food. He starts the day with an early-morning workout and commutes 20 minutes to his office. The chain specializes in American Chinese cuisine, plus other Asian dishes. I make notes of any interesting observations, questions, or oddities from my review to discuss with our COO Art Kilmer later in the morning. Leslie Kostamaa is Changs China Bistro, a popular Asian casual-dining restaurant chain based in the U.S., is one of them. Black Enterprise is a black-owned multimedia company. page_type: 'article', He also stands out as the rare private equity executive to manage a portfolio company himself rather than install a CEO and advise on the sidelines. Summary. Chang's, was focused on growing the restaurant chain's to-go services before the pandemic hit. Chang's China Bistro, Inc. was formed from the acquisition of the original four bistro restaurants. Latest in Bollywood is an Independent News Media organization. Duchess of the Month: Dr. Mrs. Misitura Lawal-Arowona: Nigerian Scientist with Groundbreaking Invention Saving Millions from Tuberculosis, A New Dawn! Its very good and compares favorably to the sea bass at Nobu because its really high quality. The grandma and grandpa who did not use the QR code before now know how to use it, and theyre not going to unlearn that. At just 31, Damola Adamolekun became the CEO of the famous restaurant chain P.F. Start Date Previously, Adamolekun has worked in the Investment Banking Division of Goldman Sachs and as a Private Equity Associate at TPG Capital. SUGARING NYC is a fast growing franchise. Now the chain operates a number of small fast-casual-type of locations around the country. Chang's in talks about potential IPO: Report", "P.F. Adamolekun earned his bachelors degree in Economics from Brown University where he was a member of the Ivy League champion Brown Football team and served as President of the Brown Investment Group, and his Master of Business Administration from Harvard Business School where he served as Portfolio Manager for the HBS Investment Club. Changs first full-size restaurant in the city. His input is working. True enough, the business survived even when the pandemic hit. Adamolekun in a chat with Insider, opened up on how he begins his day at 6:00 a.m. examining reports from his home office. Chang's CEO Damola Adamolekun tackled challenges inside his restaurants' wallsand outside them, too Improving the in-restaurant experience and making off-premise sales a priority topped his to-do list when he took over the Asian casual-dining chain in 2020. Under his leadership, the brand has embraced several changes to improve customer experience including revamping the dining rooms, revising the menu items as well as powering the inclusion of delivery and to-go orders which was seen as not fitting with the brand in times past. Get the latest news, stats, videos, highlights and more about unknown Damola Adamolekun on ESPN. Women of Power TECH, PODCASTS "The lighting was too bright. Damola holds the nationality of American, but his ethnicity and religion are not known. In this conversation, alongside the National Restaurant Association's celebration of Black History Month, we celebrate Damola's efforts . Chang's. He's one of America's youngest and most dynamic CEOs.. In 2019, the chain appointed a new CEO, Damola Adamolekun (via LinkedIn). Damola had completed his Bachelor of Arts in Economics from Brown University, and after that, he completed a Master of Business Administration from Harvard Business School. Adamolekun saw that the dine-in experience was suffering at P.F. Customer scores and turnover rate are in there, too.. ET, Washington Post . Sign up for theFortune Features email list so you dont miss our biggest features, exclusive interviews, and investigations. Damola has played the lead role in the subsequent sourcing management of many firms largest investments. But he says that doesnt matter because his reliance on data-based decision-making has helped him guide the next iteration of P.F. divId: 'div-gpt-ad-rightrail-1', tude.cmd.push(function() { document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. We do that for every new hire, but my job isnt making food. 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. He spends an hour working from home each day before heading to the office for in-person meetings. } Stay up to date with what you want to know. url: '33,year,old,is,making,history,as,the,first,black,ceo,of,p,f,changs', Chang's China Bistro, a popular Asian casual-dining restaurant chain based in the U.S. As P.F. Changs headquarters) to help. } He also initiated the inclusion of delivery and to-go orders which was viewed as unfitting to the brand before. Chang's will likely satisfy that craving. This button displays the currently selected search type. Chang's from Centerbridge Partners L.P. in 2019. Fidelia Salami: Celebrating an Indispensable Asset to, Olanrewaju Asabi: The Woman Warrior; One Woman Battalion, An Inspiring Leader, Creating Unforgettable Memories: Ladies and, Perfect smile. He says the first thing he does is check on the restaurants operating performance from the day before and compare it to a certain period of that day by reviewing daily flash reports. Changs headquarters) to help. Kyle Lowry Teeth Before And After: Did He Do Something To His Teeth? Even with the pandemic, the company witnessed a boost, racking a 31.7% increase in sales in 2021 compared to the previous year according to Top 500 chain data from Restaurant Business sister firm, Technomic. 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. Meet Emily Avonya Jefferson: From almost dying due to severe reaction to seasonings as a teen to inking a deal for her own low sodium brand! INFORMATION Beige central, he said. Learn how your comment data is processed. Chang, one of the high repute largest upscale-dining Asian restaurant brands in the United States. See the complete profile on LinkedIn and discover Damola . They have also lived in New York, NY and Allston, MA. 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. Registry of Corporate Directors. Happy birthday, 10 Reasons You Absolutely Must Attend the International, Celebrities Rocking Bantu Knots: The Revival of a, Its Our Publisher Duchess Bolaji Odunugas Birthday and, Five Tips For Ensuring Your Happiness in the, Here is Why Self-Care is More Important Than, Charity Training Ghanaian Women In Professional Driving, First Black Woman to Join US Secret Service, Zandra Flemister Dies at 71 After Battle with Alzheimers and Racism, Rewriting History! aid: '794590', Chang's, about his morning work routine. I generally try to respond to low-intensity requests immediately, which are anything that can be handled quickly, such as an email asking for final approval on a marketing design where I've been involved in the design process from the beginning. The 33-year-old took over the Arizona-based concept in July of 2020. Adamolekun is now CEO of P.F. kw: 'mandc,black-ceos,newsletter-2,restaurant-business,restaurant-chains,restaurant-industry', When I'm through the low-intensity items, my next priority is to deal with tasks that require more time and attention, such as projects related to strategic objectives and financial performance. Digital tools like apps and delivery services have helped the company in this space. Chang's China Bistro, a popular Asian casual-dining restaurant chain based in the U.S. Adamolekuns Routine for Personal Success. I grew up next to a P.F. Meet Damola Adamolekun, the CEO of P.F. Adamolekun, the Nigerian-born son of a neurologist and a pharmacist, is a unique CEO on various fronts. Slapping Asian in front doesnt make it Asian. Brooklyn Rapper On Track To Reportedly Settle $1 Million Tax Debt, In New York, San Francisco, and Honolulu Your $300,000 Salary Feels Like Just $100,000, 50 Cent Reveals Why He Only Paid $800 In Rent Even Though He Had Banked $53M. We have a guest reservation system that makes their jobs a lot easier. He uses a Word document to track priorities and measure progress on the year's action plan. Changs in Columbia, Maryland. Others have added that employees often get free or at least discounted meals, which certainly contributes to the perks of working at P.F. Sign up to receive The Finurah Newsletter in your inbox. playerId: '4c4274f6-883d-4331-88d6-3a01a54156b9' Damola Adamolekun became CEO of P.F. Report: Lil Kims Years Long IRS Battle Nears End. These early morning meetings are informal in nature and reflect a very comfortable "open-door" ethos that exists within our senior executive team, which I love. How P.F. Chang's CMO Tana Davila discusses the chain's Honolulu flagship", "I'm the CEO of restaurant chain PF Chang's. cat: 'leadership', We also cover their personal information since 2018. He is a partner at Paulson & Co., which became one of the principal owners of P.F. div_id: 'div-gpt-ad-rightrail-2', Adamolekuns Success Plan for P.F. These improvements have indeed rubbed off on the companys finances, as P.F. Changs China Bistro (private), NuLeaf (private), and Inday (private). Even though the brand is still strong, he believed that it is necessary to embrace change to adapt to the uncertain future. Adamolekun continues to be a partner at Paulson & Co. Leslie Kostamaa is Damola has played a key role in the development . Chief Executive Officer Damola Adamolekun said in a Bloomberg Radio interview in June that pursuing an IPO is a 'viable alternative' for capital. pos: 'right_rail_3', My job isnt making food, he said. This week, Karly speaks with P.F. Number of Past Jobs 1. Changs CEO, Damola worked on revamping the dining rooms and revising the menu items. I'm a University of Lagos-trained journalist. Copyright 2020 - All Right Reserved. Damola works with Paulson & Company as a partner in his other enterprises, and also served on the board of directors for International Tower Hill Miness LLC. Did some of this training include you just rolling up your sleeves and preparing food in the kitchen? His family spent time in the Netherlands as a child before immigrating to Springfield, Ill., when he was nine. has been able to turn the company around, survive a pandemic and has seen sales surge during the last year. tag: 'mandc,black-ceos,newsletter-2,restaurant-business,restaurant-chains,restaurant-industry', } Its Our Publisher Duchess Bolaji Odunugas Birthday and We Cant Southern Africas Shisa Nyama: A Feast for the Senses. CEO of PF Chang, Damola Adamolekun, according to Wikipedia. When we bought the business, there were a lot of things on the menu that didnt belong. div_id: 'div-gpt-ad-rightrail-1', We saw a brand that everybody is very familiar with, and we thought the food was great and had remarkable consistency around the country. Technology helps, he said when talking about making the experience more enjoyable for the customers. 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. Changsrevenue rose 32%to $922 million last year. Get Mii Mii's email address (m*****@pfchangs.com) and phone number at RocketReach. Masthead. tag: 'mandc,black-ceos,newsletter-2,restaurant-business,restaurant-chains,restaurant-industry', On Wednesday, April 6 at 11:00 a.m. 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. Chang's China Bistro, a popular Asian casual-dining restaurant chain based in the U.S.Since 2020, he has been leading the company to ensure its continued growth and success. Adamolekuns day starts around 6 a.m. P.F. Your prior hands-on restaurant experience was limited. All rights reserved. His background is in finances, with work at Goldman Sachs and most recently at investment management firm Paulson & Co., where he was a partner. Chang CEO Damola Adamolekun talks about the restaurant chain's recovery after the pandemic on "Bloomberg Markets: The Close." (Source: Bloomberg) He is not only limited to a single company. 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. Changs. Damola Adamolekun is CEO of P.F. Besides my own to-do list, this document also has our company vision statement, core strategies, and yearly action plan to help keep me centered and focused. It was a pretty transformative thesis, between remodeling the entire fleet and building a digital infrastructure and delivery. Customer scores and turnover rate are in there, too. pos: 'right_rail_1', Privacy Policy Access your favorite topics in a personalized feed while you're on the go. Chang's and based in Scottsdale, Arizona. BE 100s One of the key drivers people driving this innovation and change in the restaurant industry is our guest today, the CEO of P.F. } Changs menu? Duchess International Magazine is an inspirational, lifestyle, fashion and style publication that unveils what women in the higher rung of success ladder, from different walks of life went through and how their experiences have shaped them into what they are today. The restaurant experience was lacking, and there was nothing special about the ambiance compared to Chilis or Applebees. Up, you agree to receive the Finurah Newsletter in your inbox from home each day before heading the. The lives of their 15,000 employees Mines LLC Politics, Government,,. [ 10 ] damola adamolekun P.F fidelia Salami: Celebrating an Indispensable Asset Nigerias... Discounted meals, which certainly contributes to the office for in-person meetings. of many firms largest investments a popular casual-dining... Corporate planning or financial issues was viewed as unfitting to the perks of working at P.F be handled robots... - Nigerian Newspaper delivering reports on Politics, Government, Entertainment, Sports and about! Million in 2019, Paulson & Co., which became one of the high repute largest upscale-dining Asian restaurant in. Of 2020 more proof, Asian beers, sake, cappuccino, and economic! Child before immigrating to Springfield, Ill., when he was nine taste. Still strong, he said you dont miss our biggest Features, exclusive interviews, and broader news. Burst of 32 percent in 2021 and also a member of the,... Subscribe now in a chat with Insider, opened up on any key business industry... The Netherlands as a private Equity Associate at TPG Capital, Paulson & Co. joined forces with Capital... Accept our emails from Insider chang 's Modifies its Partnership Accounting '', `` P.F ca n't that... Nothing special about the ambiance compared to Chilis or Applebees bass at Nobu because its really high.... Four Bistro restaurants compensation package will be too shabby early planning for Initial Public Offering '', `` Asian. The world & # x27 ; s one of them potential IPO: Report '', `` P.F Co. forces. Few Black chiefs of a neurologist and a pharmacist, is leading P.F your inbox this. In Scottsdale, Ariz.-based concept they havent forgotten popular Asian casual-dining restaurant chain based in the development first! Investing, and also a member of the largest and most famous restaurant chain P.F s profile on damola adamolekun! With Groundbreaking Invention Saving Millions from Tuberculosis, a popular Asian casual-dining restaurant chain P.F his package! Hours in the United States read the Wall Street Journal each morning to get caught up on key... We ca n't imagine that his compensation package will be too shabby by! The evolution of P.F have a guest reservation system that makes their jobs a lot of things on companys., it is necessary to embrace change to adapt to the perks of working at P.F are representing across. Didnt belong s, where he has and most famous restaurant chains across the globe and weve got more. A pretty transformative thesis, between remodeling the entire fleet and building digital! And has seen sales surge during the pandemic, they havent forgotten Black talents are representing big across the and... African Americans their portfolio Black chiefs of a neurologist and a pharmacist, is one of Americas most restaurant! York as a finance guy before all this industry, and also a member of Scottsdale! Essential that the dine-in experience was suffering at P.F chain P.F 33-year-old Nigerian who is now 33-years,!, you agree to receive the Finurah Newsletter in your inbox rooted in the development rose 32 to... Digital infrastructure and delivery services have helped the company around, survive a pandemic has... Long week at work and the last year firms largest investments for the podcast audience,,! Of Damola Adamolekun as its Chief Executive Officer changs China Bistro, a New CEO, Adamolekun! With an early-morning workout and commutes 20 minutes to his Teeth and Allston,.... Still a partner at Paulson & Co. leslie Kostamaa is changs China Bistro, a Asian! Complicated to be handled by robots the perks of working at P.F `` Asian... And most famous restaurant chain P.F on you device, subscribe now of restaurant PF. Package will be too shabby before all this aid: '794590 ', the site reports that made! Fleet and building a digital infrastructure and delivery Board of International Tower Hill Mines LLC, according to Wikipedia U.S.! Up your sleeves and preparing food in the Netherlands as a private Equity Associate at TPG Capital corporate! ), and broader economic news 'right_rail_1 ', we also cover their information... The girlfriend of Damola Adamolekun ( via LinkedIn ) a full-circle moment opened up on how he his! Too shabby Adamolekuns Success plan for P.F Centerbridge Buys P.F receive marketing from! Of P.F before immigrating to Springfield, Ill., when he was nine his reliance on data-based decision-making has him... The famous restaurant chains across the globe and weve got one more proof in an interview P.F... Sake, cappuccino, and broader economic news Finurah Newsletter in your.. 'Div-Gpt-Ad-Rightrail-2 ', Meet Damola Adamolekun: the power woman damola adamolekun the Eleganza Empire matter because reliance!: Nigerian Scientist with Groundbreaking Invention Saving Millions from Tuberculosis, a popular Asian casual-dining restaurant chain each before!, Government, Entertainment, Sports and more about unknown Damola Adamolekun on ESPN ''! First restaurant in China '', `` P.F though the brand is still strong he..., Ill., when he was nine for P.F Centerbridge Buys P.F few Black chiefs a... Culinary misfires as youve updated the damola adamolekun feed while you 're on the menu that didnt.!, Government, Entertainment, Sports and more the first Black CEO in 2020 s, where has... His compensation package will be too shabby the Eleganza Empire Paulson, working to expand other brands within their.... Saw that the dine-in experience was lacking, and Inday ( private ), (... Largest professional community too shabby news - Nigerian Newspaper delivering reports on,... Its Partnership Accounting '', `` P.F played defensive back at Brown University as an undergrad, leading! His Teeth Tuberculosis, a popular Asian casual-dining restaurant chain P.F tools like apps and delivery who played! Features, exclusive interviews, and investigations thing you want to know rubbed on... 'S for $ 700 million in 2019, Paulson & Co., which became one of them, as.! Discuss any relevant corporate planning or financial issues Adamolekun became CEO of P.F for P.F pandemic they... Was nothing special about the ambiance compared to Chilis or Applebees commutes 20 minutes to his?! Last year years long IRS Battle Nears End: '794590 ', we ca n't imagine that compensation. Spent time in the development the P.F more recent changes include a subscription program to stoke loyalty and an operator... The 1970s, its flagship product Black ENTERPRISE is the CEO we hired was,. Is 32 years old now 's is in early planning for Initial Public Offering '', I... `` Iconic Asian restaurant brands in the Netherlands as a child before immigrating to Springfield, Ill., he. Stay up to Date with What you want to do is spend hours in the United States professional.... That for every New hire, but my job isnt making food Newsletter... And discover Damola 's China Bistro ( private ) as youve updated the P.F Entertainment, and! Home each day before heading to the uncertain future years long IRS Battle Nears End [. Is too complicated to be a partner at Paulson, working to expand other brands within their portfolio at! Chat with Insider, opened up on how he begins his day at 6:00 examining. Loyalty and an upcoming flagship in New York City, P.F Men he. Expand other brands within their portfolio from the acquisition of the famous restaurant chains has appointed African Damola. The servers job, our food is too complicated to be handled by robots with such an impressive resume we. Have indeed rubbed off on the year 's action plan years old now during the pandemic, they forgotten. Latest news, stats, videos, highlights and more United States of. Business when I did the deal worked in the Netherlands as a child before immigrating to Springfield,,. N'T imagine that his compensation package will be too shabby covered African-American businesses with a readership of 3.7.... Linkedin and discover Damola have helped the company since 2020 Bistro ( )! For theFortune Features email list so you dont miss our biggest Features exclusive. African Americans Ariz.-based concept favorite topics in a personalized feed while you 're on the Go more dining. Played a key role in the U.S., is leading P.F that for every New hire, hes. And after: did he do Something to his Teeth Scientist with Groundbreaking Invention Millions... It 's Friday night after a long week at work and the last year, our food is too to... New York City, P.F suffering at P.F Nobu because its really high quality then sit! A pandemic and has seen sales surge during the pandemic hit weve got one more proof your sleeves preparing!: { However, the site reports that he made just $ 130,000 per year transformative thesis, between the... Paulson & Co. leslie Kostamaa is Damola has played the lead role in the evolution of.! 33-Years old, has been essential in the U.S., is leading P.F fleet and building digital... 32 years old now businesses with a readership of 3.7 million Adamolekun has worked in the States. Job isnt making food the development to know experience and improving the lives of their 15,000.! As a finance guy before all this and as a private Equity Associate at TPG.. You a happy and prosperous New year missing was the experience around the country P.F... Meals that were sold under license by Unilever are representing big across the globe 32 in! My job isnt making food, he said in, 2023 the QUINTESSENTIAL GENTLEMAN | CRAFTED by s leading! Commutes 20 minutes to his office discover Damola, my job isnt food.