Current:Home > MyEthermac|New Red Lobster CEO Damola Adamolekun: Endless shrimp created 'chaos' but could return -Wealth Evolution Experts
Ethermac|New Red Lobster CEO Damola Adamolekun: Endless shrimp created 'chaos' but could return
Benjamin Ashford View
Date:2025-04-10 06:34:42
Red Lobster's new chief executive said he's had always felt dubious about the endless shrimp deal that reportedly cost the company $11 million in first quarter of its launch.
In a new CNN interview,Ethermac CEO Damola Adamolekun recalled his first impression of the restaurant chain's decision to permanently add the $20 endless shrimp deal to its menu last year. His first thought, "That’s a very expensive product to give away endlessly."
Last year the seafood chain made all-you-can-eat shrimp a permanent menu item after two decades of offering it for a limited time. Adamolekun said the offer created mayhem at a corporate level and at restaurants themselves as customers enjoyed unlimited shrimp.
"You stress out the kitchen. You stress out the servers. You stress out the host. People can’t get a table," Adamolekun told CNN. "It creates a lot of chaos operationally."
However, he did not rule out the possibility of the deal returning in a new fashion.
"I never want to say never, but certainly not the way that it was done," Adamolekun said. "We won’t have it in a way that’s losing money in that fashion and isn’t managed."
Who is Damola Adamolekun?
Damola Adamolekun, 35, was brought on to be the new Red Lobster CEO in August.
The Nigeria native joins the company after previous corporate experience as P.F. Chang’s CEO and Chief Strategy Officer, as well as partner at the New York investment firm Paulson & Co.
He told CNN that he first tried Red Lobster at a Springfield location alongside his family on a Sunday after church. He said he hopes to restore the greatness of what he called the "first really successful casual dining chain in America at scale."
Founded by Bill Darden, Red Lobster opened in 1968 with its first location in Lakeland, Florida.
Contributing: Max Hauptman
This story has been updated to resolve a typo.
veryGood! (959)
Related
- Meta donates $1 million to Trump’s inauguration fund
- WWE star Virgil, born Mike Jones, dies at age 61
- Jesse Baird and Luke Davies Case: Australian Police Officer Charged With 2 Counts of Murder
- Comedian Richard Lewis, who recently starred on 'Curb Your Enthusiasm,' dies at 76
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Owners of St. Louis nursing home that closed abruptly face federal fine of more than $55,000
- A pregnant Amish woman was killed in her Pennsylvania home. Police have no suspects.
- Taylor Swift and Travis Kelce’s Romance Timeline Has New Detail Revealed
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- New York lawmakers approve new congressional map that gives Democrats a slight edge
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Don Henley says lyrics to ‘Hotel California’ and other Eagles songs were always his sole property
- Michigan’s largest Arab American cities reject Biden over his handling of Israel-Hamas war
- Productive & Time-Saving Products That Will Help You Get the Most of out Your Leap Day
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Texas border cities offer Biden and Trump different backdrops for dueling visits
- Flames menace multiple towns as wildfire grows into one of the largest in Texas history
- Trump immunity claim taken up by Supreme Court, keeping D.C. 2020 election trial paused
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
The human cost of climate-related disasters is acutely undercounted, new study says
Are you eligible for Walmart's weighted groceries $45 million settlement? What to know
A California county ditched its vote counting machines. Now a supporter faces a recall election
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
WWE Wrestling Star Michael Virgil Jones Dead at 61
A Washington woman forgot about her lottery ticket for months. Then she won big.
‘Nobody Really Knows What You’re Supposed to Do’: Leaking, Abandoned Wells Wreak Havoc in West Texas