as well as other partner offers and accept our. 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! Chang's is a well-known Asian casual-dining restaurant brand located in the United States. Damola has 2 jobs listed on their profile. [16][17], In January 2020, Changs announced its first P.F. CB Rank (Person) 36,255. He spends an hour working from home each day before heading to the office for in-person meetings. Changs first full-size restaurant in the city. How did you learn the ropes? 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 . tag: 'mandc,black-ceos,newsletter-2,restaurant-business,restaurant-chains,restaurant-industry', Get the latest news, stats, videos, highlights and more about unknown Damola Adamolekun on ESPN. Duchess of the Month: Dr. Mrs. Misitura Lawal-Arowona: Nigerian Scientist with Groundbreaking Invention Saving Millions from Tuberculosis, A New Dawn! It kind of happened by accident. Ive actually never eaten at P.F. playerId: '4c4274f6-883d-4331-88d6-3a01a54156b9' For a finance whiz whose professional pedigree includes blue-chip firms like Goldman Sachs and private equity firm Paulson & Co., with little experience in the dining scenesave for a brief stint waiting tables as a teenagerDamola Adamolekun has made big strides in modernizing the Asian inspired casual-dining restaurant chain P.F. Aside from the horse statue that sits outside many of its restaurants, P.F. So he speaks some Dutch. I'm a University of Lagos-trained journalist. He's one of the few Black chiefs of a major U.S. companyP.F. Over the last two years, P.F. When expanded it provides a list of search options that will switch the search inputs to match the current . 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Changs, what did you see that you thought you could improve? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Damola Adamolekun is CEO of P.F. We'll assume you're ok with this, but you can opt-out if you wish. ET, Washington Post . Chang's completes sale to TriArtisan Capital", "P.F. I started coming to Scottsdale, Arizona (P.F. Required fields are marked *. Meet Damola Adamolekun, the CEO of P.F. Mr. Adamolekun is also a Partner at Paulson & Co., the principal owner of P.F. Damola Adamolekun, CEO of P.F. targeting: { Changs as a part of its corporate portfolio, Adamolekun was familiar with the brand. Changs, and there are favorites that people come for, like the lettuce wraps, Mongolian beef, spicy chicken, and so on. 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. Damola Adamolekun Expand search. ]); 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. Chang's and has also played a major role in the subsequent sourcing management in large investments firms. aid: '794590', Then came COVID, which was a catalyst for delivery and takeout. Chang's China Bistro, a popular Asian casual-dining restaurant chain based in the U.S. For two years, he's led the company and shifted the measuring stick of not only Black professionals, but young Black professionals. Adamolekun took the helm of the Scottsdale, Ariz.-based concept . Damola Adamolekun made history when he became P.F. He was also on the board of directors at the International Tower Hill Mines LLC. Subscribe to Newsletter 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 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. Sign up for notifications from Insider! What piqued my interest was the company itself. Everything You Need To Know. He said, There were a lot of things on the menu that didnt belong.. Your email address will not be published. subcat: '', As for automation in the kitchen or the servers job, our food is too complicated to be handled by robots. Even though Adamolekun, who also played defensive back at Brown University as an undergrad, is the CEO of P.F. 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. 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 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. Chefs dont have the discretion to change things, but the quality of our food is very high, and the food is complicated to make. 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. Subscribe to get the best stories into your inbox! Management As P.F. Black Men XCEL But thats not something I can control, so we focus on what we can, like wages and benefits. Adamolekun, the Nigerian-born son of a neurologist and a pharmacist, is a unique CEO on various fronts. In 2019, the chain appointed a new CEO, Damola Adamolekun (via LinkedIn). Get theQG newsletterand giveaways delivered to your inbox! The closure of businesses Length: 25 page (s) Publication Date: Mar 30, 2021 Discipline: Strategy Product #: 721380-PDF-ENG 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. Changsrevenue rose 32%to $922 million last year. Changs To Go takeout locations. div_id: 'div-gpt-ad-rightrail-2', Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019. The company brought in $922 million in revenue. 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. 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. Adamolekun is now CEO of P.F. Accept Read More, Cheers To 45! Chang's CMO Tana Davila discusses the chain's Honolulu flagship", "I'm the CEO of restaurant chain PF Chang's. Damola Adamolekun . It has been edited for length and clarity. But we saw it as a huge opportunity. Damola Adamolekun is the Chief Executive Officer of P.F. page_type: 'article', "What was missing was the experience around the meal, he said in, 2023 THE QUINTESSENTIAL GENTLEMAN | CRAFTED BY. He is a partner at Paulson & Co., which became one of the principal owners of P.F. Now the chain operates a number of small fast-casual-type of locations around the country. 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. While you may be familiar with the P.F. By clicking Sign up, you agree to receive marketing emails from Insider This as-told-to essay is based on a conversation with Damola Adamolekun, CEO of P.F. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Chang, one of the high repute largest upscale-dining Asian restaurant brands in the United States. Chang's and based in Scottsdale, Arizona. targeting: { He often. Recalling, he says although The brand was still as strong as I remembered, and The quality of the food was still good. What was missing was the experience around the meal, he said. pos: 'right_rail_3', 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. 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! Type above and press Enter to search. Abstract. will hit people like an asteroid, says he used Obama meeting to urge regulation. But since there is no sign of his relationship with anyone, it is assumed that he has not yet exchanged vows. cat: 'leadership', I dont think theres anything in this world that cant be learned if youre smart, motivated, and willing to spend time. For Adamolekun, it is essential that the restaurant has a more elevated dining experience and is rooted in the brands identity. Chang's focus on guest experience and improving the lives of their 15,000 employees. What Illness Does She Have? He is 32 years old now. What is your favorite dish at P.F. Ans) Damola was born in 1990 in Scottsdale, Arizona, United States of America. INFORMATION "It's a good place to work if you're looking for a second job or you're in school full time," one current employee wrote on Indeed. Save . [19] Chang's obtained more than $5 million in small-business loans as part of the Paycheck Protection Program (coronavirus relief). His focus was on operations and core managementand there was a lot of progress therebut less on some of the technology transformations we wanted. My job isnt making food, he said. Chang. With such an impressive resume, we can't imagine that his compensation package will be too shabby. It's Friday night after a long week at work and the last thing you want to do is spend hours in the kitchen. With such an impressive resume, we ca n't imagine that his compensation will... From home each day before heading to the office for in-person meetings says although the.... Said, there were a lot of progress therebut less on some of the was! Recalling, he says although the brand was still as strong as I remembered and... Still as strong as I remembered, and the last thing you want to do spend... On what we can, like wages and benefits part of its corporate portfolio, Adamolekun was familiar with brand. 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