For those that are determined to be successful in life, it doesn’t matter where life takes them to, they will always find a way to carve a niche for themselves.
For a 33-year-old Nigeria’s Damola Adamolekun, one’s root or background is no barrier in the ladder of success as he has written his name in Gold in history books.
Adamolekun is the Chief Executive Officer of P.F. Chang’s China Bistro, a popular Asian casual-dining restaurant chain based in the United States, where he leads the company in strategic initiatives ensuring the continued growth and success of one of the largest upscale-dining Asian restaurant brands around the world.
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 introduced radical changes to the restaurant’s operations, with a view to improving customer experience. Some of his innovations include revamping the dining rooms and revising the menu items.
To enable the restaurant adopt to the uncertain times imposed by COVID-19, Adamolekun equally initiated the inclusion of delivery and to-go orders which was viewed as unfitting to the brand before.
Data analysts firm Technomic stated that these improvements have indeed rubbed off on the company’s finances, as P.F. Chang’s China Bistro recorded a 31.7% increase in sales in 2021 compared to the year before.
Adamolekun is also a Partner at Paulson & Co., the principal owner of P.F. Chang’s, where he has played a vital role in the sourcing and subsequent management of several of the firm’s largest investments.
Adamolekun has been featured in numerous publications including Business Insider, Fox Business, Bloomberg News, Yahoo Finance, CNBC, Nation’s Restaurant News, Time Out New York, New York Business Journal, and the Harvard Business Review.
Previously, Adamolekun has worked in the Investment Banking Division of Goldman Sachs and as a Private Equity Associate at TPG Capital. Mr. Adamolekun serves on the Board of Directors for P.F. Chang’s, NuLeaf and Inday and previously International Tower Hill Mines (NYSE: THM).
Adamolekun received a Bachelor of Arts 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 a Master of Business Administration from Harvard Business School, where he served as Portfolio Manager for the HBS Investment Club. Mr. Adamolekun is an avid sports fan and currently resides in Scottsdale, Arizona where he is involved as a board member and finance chair for the YPO Scottsdale Chapter.
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