All Rights Reserved. There was never any real emphasis placed on it by the previous owners. Damola Adamolekun made history when he became P.F. Everything You Need To Know. Chang's completes sale to TriArtisan Capital", "P.F. Sign up for theFortune Features email list so you dont miss our biggest features, exclusive interviews, and investigations. Damola Adamolekun poses for a portrait at P.F. Turned out Adamolekun was the CEO the chain needed. Changs in-restaurant experience from rivals like Applebees also tops Adamolekuns list of priorities. We need to be consistent across the fleet, so you shouldnt visit P.F. Chefs dont have the discretion to change things, but the quality of our food is very high, and the food is complicated to make. 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, about his morning work routine. Happy Easter: Celebrating Hope, Renewal, and New Beginnings. page_type: 'article', The company brought in $922 million in revenue. Adamolekun said the company remodeled almost 80% of the fleet, introducing more colorful decor, ambiance, and music., One example of how hands-on he is is taking the option of macaroni and cheese off of the menu. Meet Damola Adamolekun, 33-year-old Nigerian leading US restaurant chain. Damola has not yet revealed if he is married or not. This article is about the restaurant chain. Save my name, email, and website in this browser for the next time I comment. pos: 'right_rail_1', But thats not something I can control, so we focus on what we can, like wages and benefits. For Adamolekun, being back in the restaurant industry is a full-circle moment. Duchess of the Month: Dr. Mrs. Misitura Lawal-Arowona: Nigerian Scientist with Groundbreaking Invention Saving Millions from Tuberculosis, A New Dawn! Its not rocket science at the end of the day; its something to learn, but its learnable. Chang's employees. Damola Adamolekun is the Chief Executive Officer of P.F. How P.F. env: 'prod', 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. Subscribe to Newsletter Registry of Corporate Directors. Entrepreneurs Summit He introduced radical changes to the restaurants operations, with a view to improving customer experience. Chang's has 200 full-service. We'll assume you're ok with this, but you can opt-out if you wish. Q3) What is the net worth of Damola Adamolekun? [8] P. F. Chang's is headquartered in Scottsdale, Arizona. Always exciting to help with a Ribbon Cutting and a Grand Opening Event for a new business. At just 31, Damola Adamolekun became the CEO of the famous restaurant chain P.F. P.F. What dish do you recommend? "P.F. Damola has 2 jobs listed on their profile. Technology helps, he said when talking about making the experience more enjoyable for the customers. It's Friday night after a long week at work and the last thing you want to do is spend hours in the kitchen. Adamolekun bagged a bachelors degree in Economics from Brown University and holds a Master of Business Administration from Harvard Business School. It has been edited for length and clarity. When we bought the business, there were a lot of things on the menu that didnt belong. tude.refreshAdsViaDivMappings([ { Adamolekun continues to be a partner at Paulson & Co. The music was non-existent. Also, Read About:- Joelle Rich Wiki (Johnny Depp Lawyer). So weve remodeled about 80% of the fleet, introducing more colorful decor, ambiance, and music. Get theQG newsletterand giveaways delivered to your inbox! One of the key drivers people driving this innovation and change in the restaurant industry is our guest today, the CEO of P.F. Chang's, where he has . First, I review our daily flash reports, which detail restaurant operating performance from the previous day and period to date. You were living in New York as a finance guy before all this. Home Business Meet Damola Adamolekun: The History-Making 33-Year-Old Nigerian Who Is The First Black CEO Of P.F. In this case, I'm familiar with all elements of the design and can conduct a final review relatively quickly, allowing the team to move forward with execution while clearing an item on my own to-do list. Learn how your comment data is processed. Abstract. Designed and Developed by Fovero Digital Technologies, This website uses cookies to improve your experience. Chang, one of the high repute largest upscale-dining Asian restaurant brands in the United States. Changs. Chang's, was focused on growing the restaurant chain's to-go services before the pandemic hit. The 33-year-old took over the Arizona-based concept in July of 2020. Changs CEO, Damola worked on revamping the dining rooms and revising the menu items. Youve got to start with our classic: the original lettuce wraps. aid: '794590', Chang's employee ranges from $16,000 for a dishwasher to $30,000 for a food runner. Changs success. Chang's first Black CEO in 2020. Changs? Damola holds the nationality of American, but his ethnicity and religion are not known. pos: 'right_rail_2', Fidelia Salami: Celebrating an Indispensable Asset to Nigerias Tourism Sector, From Pediatrician to Political Leader: The Inspiring Journey of Jane Ruth Aceng. 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. What did you know about running restaurants? Moreover, Damola is a partner at Paulson & Co., which became one of the principal owners of P.F. Number of Past Jobs 1. ^ Zickhur, Monty (March 4, 2022). What did you know about casual dining restaurants prior to this gig? Perfect day. Black Men XCEL Adamolekun earned his bachelors degree in Economics from Brown University and his Master of Business Administration from Harvard Business School. The history maker used to be a server in his high school days. Save . Everything You Need To Know. We do that for every new hire, but my job isnt making food. [15], In January 2019, Chang's announced it was in talks to be sold to TriArtisan Capital Partners and Paulson & Co. for approximately $700 million from its previous owner, Centerbridge Partners. Meet Damola Adamolekun, the CEO of P.F. I went out to the field and spent a lot of time with the operators. Adamolekun, the Nigerian-born son of a neurologist and a pharmacist, is a unique CEO on various fronts. Chang's to open first of several To Go locations in Chicago", "P.F. 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. Chang's To Go open at River City Marketplace". Chang's, who's based in Scottsdale, Arizona. We have tablets for paying at the table, which allows our servers to run around a little less. Some of his innovations include revamping the dining rooms and revising the menu items. Digital tools like apps and delivery services have helped the company in this space. Accept Read More, Cheers To 45! } "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. 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 5 free searches. On Wednesday, April 6 at 11:00 a.m. 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. Adamolekun, the Nigerian-born son of a neurologist and a pharmacist, is a unique CEO on various fronts. 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. Its very good and compares favorably to the sea bass at Nobu because its really high quality. kw: 'mandc,black-ceos,newsletter-2,restaurant-business,restaurant-chains,restaurant-industry', Many people have grown up with P.F. 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. He uses a Word. 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! Sales at the chain climbed 31.7% in 2021 over the year before, with Adamolekun's leadership. Adamolekun took the helm of the Scottsdale, Ariz.-based concept . Thats why the labor market is so tight. has been able to turn the company around, survive a pandemic and has seen sales surge during the last year. 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. "What was missing was the experience around the meal, he said in, 2023 THE QUINTESSENTIAL GENTLEMAN | CRAFTED BY. His focus was on operations and core management and there was a lot of progress there but less on some of the technology transformations we wanted. Even though Adamolekun, who also played defensive back at Brown University as an undergrad, is the CEO of P.F. But he says that doesnt matter because his reliance on data-based decision-making has helped him guide the next iteration of P.F. If he sees something unusual, according to MSN.com, he sets a plan to call Art Kilmer the COO to discuss it. Leslie Kostamaa is subcat: '', Hon. Damola, who is now 33-years old, has been essential in the evolution of P.F. I make notes of any interesting observations, questions, or oddities from my review to discuss with our COO Art Kilmer later in the morning, Adamolekun explained. He is not only limited to a single company. These improvements have indeed rubbed off on the companys finances, as P.F. By clicking Sign up, you agree to receive marketing emails from Insider Damola has played the lead role in the subsequent sourcing management of many firms largest investments. Damola is related to Bolanle Adamolekun and Ademola Adamolekun as well as 1 additional person. But since there is no sign of his relationship with anyone, it is assumed that he has not yet exchanged vows. According to data firm Technomic, since his appointment P.F. My job is not to be making food. cat: 'leadership', Ans) 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. 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. Changs China Bistro, a popular Asian casual-dining restaurant chain based in the U.S., is one of them. How are you dealing with labor shortages? We have a guest reservation system that makes their jobs a lot easier. "The lighting was too bright. Damola is P.F. 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. Two years after his appointment of the popular. Changs. window.tude = window.tude || { cmd: [] }; Get Mii Mii's email address (m*****@pfchangs.com) and phone number at RocketReach. as well as other partner offers and accept our. Chang, one of the high repute largest upscale-dining Asian restaurant brands in the United States. Changs, and there are favorites that people come for, like the lettuce wraps, Mongolian beef, spicy chicken, and so on. Top Result for Damola Adamolekun 1 The best result we found for your search is Damola Adamolekun age 30s in Scottsdale, AZ in the Airpark neighborhood. Q4) What is the Nationality of Damola Adamolekun? Damola Adamolekun is the CEO of P.F. 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. SUGARING NYC is a fast growing franchise. Slapping Asian in front doesnt make it Asian. [19] Chang's obtained more than $5 million in small-business loans as part of the Paycheck Protection Program (coronavirus relief). Chang's and based in Scottsdale, Arizona. What piqued my interest was the company itself. } For instance, how much does P.F. Beige central, he said. aid: '794590', How Rich Is The P.F. Next, I check my inbox. 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. Your Money, Your Life, LATEST LISTS 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. That growthstems partly from the eaterys embrace of digital tools like apps, delivery services, and the expansion of smaller restaurants with limited menus solely for pick-up orders. Use tab to navigate through the menu items. 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. Fidelia Salami: Celebrating an Indispensable Asset to Nigerias Tourism Adedayo Aderibigbe: From Educator to Advocate of African Voices. Your background is in finance and dealmaking. Changs, what did you see that you thought you could improve? Technology helps, for sure. aid: '794590', So he speaks some Dutch. Kon Hai Alakh Pandey aka Physics Wallah Wife Shivani Dubey? 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 is a well-known Asian casual-dining restaurant brand located in the United States. Learn how your comment data is processed. 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. Changs, one of the largest and most famous restaurant chains across the globe. Your email address will not be published. He spends an hour working from home each day before heading to the office for in-person meetings. In 2019, the chain appointed a new CEO, Damola Adamolekun (via LinkedIn).Little is known about Adamolekun's pay, but the new CEO has an Ivy League education (Brown and Harvard Business School, according to his Investment Conference 2019 bio), an investment banking background that includes a stint at Goldman Sachs, and at one point served on the Board of Directors for listed company . Since the 1970s, its flagship product Black Enterprise magazine has covered African-American businesses with a readership of 3.7 million. Management Ans) Damola is an experienced vice president at Paulson & Company. Damola Adamolekun is the Chief Executive Officer of P.F. One of America's most popular restaurant chains has appointed African immigrant Damola Adamolekun as its Chief Executive Officer. The dcor? Chang's. Focusing on turning the business around, Adamolekun and his team made changes such as adding color to the dining rooms of their restaurants, making changes to their menus, which included taking off items such as Asian mac & cheese, and putting more effort into their off-premise concepts. He is 32 years old now. I knew the company when the deck landed on my desk. Kyle Lowry Teeth Before And After: Did He Do Something To His Teeth? Chang's, 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.