[12], The chain was founded in 1993 by Paul Fleming and Philip Chiang - son of Cecilia Chiang. targeting: { 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. tude.refreshAdsViaDivMappings([ { url: '33,year,old,is,making,history,as,the,first,black,ceo,of,p,f,changs', Adamolekuns Success Plan for P.F. He is a partner at Paulson & Co., which became one of the principal owners of P.F. Black talents are representing big across the globe and we've got one more proof! Edit Jobs Section. Home Business Meet Damola Adamolekun: The History-Making 33-Year-Old Nigerian Who Is The First Black CEO Of P.F. tude.cmd.push(function() { 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. Everything You Need To Know. SUGARING NYC is a fast growing franchise. tude.cmd.push(function() { Adamolekun is now CEO of P.F. 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. Q2) What is the age of Damola Adamolekun? For example, when we decided to expand our self-delivery program, we took a few weeks to thoroughly evaluate the program. will hit people like an asteroid, says he used Obama meeting to urge regulation. Fidelia Salami: Celebrating an Indispensable Asset to Nigerias Tourism Sector, From Pediatrician to Political Leader: The Inspiring Journey of Jane Ruth Aceng. He is 32 years old now. Management Perfect body. Chang's CMO Tana Davila discusses the chain's Honolulu flagship", "I'm the CEO of restaurant chain PF Chang's. After the flash reports, he checks his emails and tends to the updating of his own to-do list. Chang's has 200 full-service. 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! page_type: 'article', When Paulson & Co acquired P.F. Meet Damola Adamolekun, 33-year-old Nigerian leading US restaurant chain. He has invested in many companies and has a good amount of financial stake in them. SUGARING NYC is a fast growing franchise. 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. subcat: '', We have tablets for paying at the table, which allows our servers to run around a little less. Chang's To Go open at River City Marketplace". Embracing self-love the key, Hon. We have tablets for paying at the table, which allows our servers to run around a little less. What about automation or more technology? Since 2020, he has been. But a couple of things were missing. }); window.tude = window.tude || { cmd: [] }; Offers may be subject to change without notice. My job isnt making food, he said. Finurah is a guide to wealth building and financial news for African-American families that are committed to closing the racial wealth gap. Read up on Damola Adamolekun's biography, career, awards and more on ESPN. env: 'prod', Chang's Confirms Credit Card Breach", "P.F. "What was missing was the experience around the meal, he said in, 2023 THE QUINTESSENTIAL GENTLEMAN | CRAFTED BY. Your email address will not be published. Changs, an American-based Chinese-fusion restaurant franchise founded in 1993 by Paul Fleming and Philip Chiang. SistersInc. Damola has played the lead role in the subsequent sourcing management of many firms largest investments. I started coming to Scottsdale, Arizona (P.F. We also cover their personal information since 2018. Sales Partnership Solutions Happy Easter: Celebrating Hope, Renewal, and New Beginnings. Damola Adamolekun is the CEO of P.F. Damola is P.F. 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! By 7:30 p.m., the executive is at the corporate headquarters in Scottsdale, where he meets with Kilmer and then later with CFO Brad Hill to speak about the pertinent needs of the day. When expanded it provides a list of search options that will switch the search inputs to match the current . What matters more to me is managing operations at scale, Adamolekun says. Chang's first Black CEO in 2020. It was a pretty transformative thesis, between remodeling the entire fleet and building a digital infrastructure and delivery.. Chang's' website. 2023 THE QUINTESSENTIAL GENTLEMAN | CRAFTED BYCORRICA. BE 100s My job is not to be making food. Damola is related to Bolanle Adamolekun and Ademola Adamolekun as well as 1 additional person. Its our most popular dish for a reason and is really what put us on the map. It has about 85% brand awareness, yet its a small company. Have there been any notable culinary misfires as youve updated the P.F. Chang's and lives in Scottsdale, Arizona. With such an impressive resume, we can't imagine that his compensation package will be too shabby. window.tude = window.tude || { cmd: [] }; Damola Adamolekun is the Chief Executive Officer of P.F. P. F. Chang's China Bistro is an American-based, casual dining restaurant chain founded in 1993 by Paul Fleming and Philip Chiang that serves Asian fusion cuisine. Its not marketing. Chang's Is Sold to TriArtisan Capital and Paulson", "Treasury, SBA data show small-business loans went to private-equity backed chains, members of Congress", "PF Chang's is opening to-go locations in New York, meeting shifting consumer behavior", "P.F. Damola has played the lead role in the subsequent sourcing management of many firms largest investments. Damola Adamolekun was born in 1990 in Scottsdale, Arizona, United States of America. [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. By: Ashish Nanda, Nitin Nohria, Margaret Cross Excited yet apprehensive after being named CEO of P.F. The company brought in $922 million in revenue. Turned out Adamolekun was the CEO the chain needed. Save . Chefs dont have the discretion to change things, but the quality of our food is very high, and the food is complicated to make. Copyright 2020 - All Right Reserved. "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. kw: 'mandc,black-ceos,newsletter-2,restaurant-business,restaurant-chains,restaurant-industry', Wine, specialty drinks, Asian beers, sake, cappuccino, and espresso are available outside standard beverage offerings. Access your favorite topics in a personalized feed while you're on the go. Changs? 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. Chang's 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. What matters more to me is managing operations at scale because we have 200 restaurants. Damola Adamolekun made history when he became 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. Changs. Damola has played a key role in the development . We cover the latest entertainment, gaming, movie, tv, sports, and trending news from all around the web. Chang's in talks about potential IPO: Report", "P.F. One of America's most popular restaurant chains has appointed African immigrant Damola Adamolekun as its Chief Executive Officer. Chang's so unique, the innovation, the technology, our food, and also sharing some insight about the new flagship He has been focused on exceeding the expectations of millions of customers and 20,000 employees in over 300 sites throughout the world since 2020. Chang's, about his morning work routine. aid: '794590', His input is working. P.F. We have a guest reservation system that makes their jobs a lot easier. FORTUNE may receive compensation for some links to products and services on this website. Allison Feaster Husband, Children, Age, Net Worth, Education & Instagram, Aadit Palicha (Zepto) Wiki, Biography, Age, Family, Girlfriend, Career, Early Life, Net Worth & More, What Happened To Kyedae? One of the key drivers people driving this innovation and change in the restaurant industry is our guest today, the CEO of P.F. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. 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. }).render('ba25868856a746c68da2b09b1b55bc48'); He is not only limited to a single company. Chang's Announces Lease Accounting Changes", "P.F. We wish you a happy and prosperous new year! What did you know about running restaurants? How are you dealing with labor shortages? While that is not a lot compared to other CEOs, it's significantly greater than other P.F. We need to be consistent across the fleet, so you shouldnt visit P.F. pos: 'right_rail_2', It kind of happened by accident. Press Esc to cancel. Damola Adamolekun is CEO of P.F. Customer scores and turnover rate are in there, too. He is 32 years old now. Damola Adamolekun - Mr. Adamolekun is a Vice President at Paulson, where he has played a vital role in the sourcing and subsequent management of a number of the firm's largest investments since 2016. 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. Get Mii Mii's email address (m*****@pfchangs.com) and phone number at RocketReach. It's Friday night after a long week at work and the last thing you want to do is spend hours in the kitchen. Damola Adamolekun has had 1 past job as the Co-Founder at Ummo. Previously, Adamolekun has worked in the Investment Banking Division of Goldman Sachs and as a Private Equity Associate at TPG Capital. }); window.tude = window.tude || { cmd: [] }; url: '33,year,old,is,making,history,as,the,first,black,ceo,of,p,f,changs', 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. The sea bass. Digital tools like apps and delivery services have helped the company in this space. He often visits restaurants to meet the team and get feedback. Adamolekun, the Nigerian-born son of a neurologist and a pharmacist, is a unique CEO on various fronts. subcat: '', Damola Adamolekun must be 33 years old at this moment. By Susa Africa on April 26, 2022. At just 31, Damola Adamolekun became the CEO of the famous restaurant chain P.F. Chang's. Adamolekun earned his bachelor's degree in economics from Brown University and his MBA from Harvard Business School. Meet Damola Adamolekun, the CEO of P.F. Damola Adamolekun sharing what makes P.F. As P.F. He introduced radical changes to the restaurants operations, with a view to improving customer experience. baseDivId: 'pb-slot-right-1', And what do its hourly employees make? Technology helps, he said when talking about making the experience more enjoyable for the customers. The things that [customers] have learned during the pandemic, they havent forgotten. I knew the company when the deck landed on my desk. 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. Economic Equity & Racial Justice Townhall Series, Elevate Black Podcast sponsored by Fifth Third Bank, 100 Founders of Change by American Express, Chasing Success Podcast by JP Morgan Chase, Black Business Month Sponsored by Nationwide, 2022 Registry Of Corporate Directors Listing, 2021 BE Registry Of Corporate Directors Listing. Even though Adamolekun, who also played defensive back at Brown University as an undergrad, is the CEO of P.F. Damola Adamolekun is the CEO of a restaurant chain P.F. Damola Adamolekun is the Chief Executive Officer of P.F. Chang's China Bistro, Inc. was formed from the acquisition of the original four bistro restaurants. Is Warren Mundine Related to Anthony Mundine? Changs in Columbia, Maryland. Required fields are marked *. But we saw it as a huge opportunity. Get real time updates directly on you device, subscribe now. } In this way, I'm extremely responsive to my team on issues that don't require much time on my end, which allows them to move forward with their own work more efficiently after my sign-off. tude.cmd.push(function() { The 5 best supplements for healthy aging, according to a longevity expert, Elon Musk agrees A.I. Even though Adamolekun, 33-Year-Old Nigerian Who is the age of Damola Adamolekun is the Executive. Premier Business, investing, and New Beginnings, damola adamolekun checks his and... Brought in $ 922 million in revenue compensation for some links to products and services on this website Go! Officer of P.F an American-based Chinese-fusion restaurant franchise founded in 1993 by Paul Fleming and Chiang! The things that [ customers ] have learned during the pandemic, they havent forgotten updates directly on device... Be consistent across the fleet, so you shouldnt visit P.F restaurants to meet team! 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For the customers that will switch the search inputs to match the current in Scottsdale Arizona.

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