Meet Damola Adamolekun, the CEO ofP.F. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Some chains own the space for pizza and wings, the biggest delivery categories, but nobody really owns it for Asian food. He was born in 1990 in Scottsdale, Arizona, United States. Damola Adamolekun, CEO of P.F. It has been edited for length and clarity. Changs in Columbia, Maryland. Meet Damola Adamolekun, the CEO of P.F. Edit Overview Section. cat: 'leadership', Everything You Need To Know. Technology helps, he said when talking about making the experience more enjoyable for the customers. On Wednesday, April 6 at 11:00 a.m. Kon Hai Alakh Pandey aka Physics Wallah Wife Shivani Dubey? I didnt plan to operate the business when I did the deal. Duchess of the Month: Dr. Mrs. Misitura Lawal-Arowona: Nigerian Scientist with Groundbreaking Invention Saving Millions from Tuberculosis, A New Dawn! Chang's, one of the largest and most famous restaurant chains across the globe. Its a title thats very prestigious in our organization. Chang's and lives in Scottsdale, Arizona. tude.refreshAdsViaDivMappings([ { divId: 'div-gpt-ad-rightrail-1', Your prior hands-on restaurant experience was limited. We hired a CEO to run it, but we had a lot we wanted to change. The company brought in $922 million in revenue. He is the first black executive in the history of this company to assume the role. 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! 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. Ans) Damola holds the nationality of American. targeting: { Chang's China Bistro, Inc. was formed from the acquisition of the original four bistro restaurants. "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. "The lighting was too bright. The CEO we hired was wonderful, but hes in his mid-70s and an old-school operator. Wine, specialty drinks, Asian beers, sake, cappuccino, and espresso are available outside standard beverage offerings. Press Esc to cancel. [11], The name "P. F. Chang's" is derived from those of Paul Fleming (P. F.) and Philip Chiang (whose surname was simplified to Chang). By Susa Africa on April 26, 2022. Chang's Announces Lease Accounting Changes", "P.F. 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. 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. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. I went out to the field and spent a lot of time with the operators. Learn how your comment data is processed. In this conversation, alongside the National Restaurant Association's celebration of Black History Month, we celebrate Damola's efforts . Damola Adamolekun must be 33 years old at this moment. The average hourly rate is $11.30, which Indeed says is on par with similar restaurant chains. Customer scores and turnover rate are in there, too.. Damola Adamolekun is the CEO 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. Hon. My job isnt making food, he said. Adamolekun saw that the dine-in experience was suffering at P.F. Damola has not yet revealed if he is married or not. 2023 Fortune Media IP Limited. 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. Women of Power TECH, PODCASTS Some of his innovations include revamping the dining rooms and revising the menu items. divId: 'div-gpt-ad-rightrail-2', Moreover, Damola is a partner at Paulson & Co., which became one of the principal owners of P.F. [citation needed], In December 2017, Chang's announced that they would open a location in Shanghai during the first part of 2018, Chang's first location in China. Top editors give you the stories you want delivered right to your inbox each weekday. Gender Male; Jobs. CEO of PF Chang, Damola Adamolekun, according to Wikipedia. [14], ConAgra Foods, Inc. acquired the P.F. ]); The 33-year-old took over the Arizona-based concept in July of 2020. As for automation in the kitchen or the servers job, our food is too complicated to be handled by robots.. 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. We cover the latest entertainment, gaming, movie, tv, sports, and trending news from all around the web. "What was missing was the experience around the meal, he said in an interview. 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. Q2) What is the age of Damola Adamolekun? For the podcast audience, see, "PF Chang's Is in Early Planning for Initial Public Offering", "P.F. I spent a year as chief strategy officer, which is a made-up title because if Im going to be here all the time, I need a title so people understand my purpose besides just being an owner and a director.. See the complete profile on LinkedIn and discover Damola . Changs had a revenue burst of 32 percent in 2021. I've read almost every novel written by Chinua Achebe, Jeffrey Archer and Dan Brown. "P.F. But since there is no sign of his relationship with anyone, it is assumed that he has not yet exchanged vows. Meet 33-Year-Old Damola Adamolekun, the First Black CEO of P.F. Since 2020, he has been leading the company to ensure its continued. B.E. Now the chain operates a number of small fast-casual-type of locations around the country. Damola Adamolekun Wiki, Age, Biography, Net Worth, Wife, Nationality, Education & More, Scottsdale, Arizona, United States of America. Learn how your comment data is processed. At just 31, Damola Adamolekun became the CEO of the famous restaurant chain P.F. 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. See the Schedule, Movies Selected & More + Angelique Kidjo announced as Festival Ambassador, Hon. Chief Executive Officer Damola Adamolekun said in a Bloomberg Radio interview in June that pursuing an IPO is a 'viable alternative' for capital. } Chang's has 200 full-service. tude.cmd.push(function() { 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. This article is about the restaurant chain. Digital tools like apps and delivery services have helped the company in this space. cat: 'leadership', Is that just marketing? Chang's for $1.1 Billion", "Iconic Asian restaurant chain P.F. The restaurant experience was lacking, and there was nothing special about the ambiance compared to Chilis or Applebees. [21], The chain specializes in Asian fusion cuisine. Subscribe to Newsletter What dish do you recommend? He's one of the few Black chiefs of a major U.S. companyP.F. }).render('ba25868856a746c68da2b09b1b55bc48'); We hired a CEO to run it, but we had a lot we wanted to change. SistersInc. Powered and implemented by Interactive Data Managed Solutions. 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. Changs China Bistro recorded a 31.7% increase in sales in 2021 compared to the year before, data analysts firm Technomic stated. Number of Founded Organizations 1. Changs To Go takeout locations. Changs headquarters) to help. According to data firm Technomic, P.F. How did you learn the ropes? Changs. Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019. ET, Washington Post . S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Q4) What is the Nationality of Damola Adamolekun? The best way to learn is to not fear what you dont know. What matters more to me is managing operations at scale, Adamolekun says. Sales Partnership Solutions FORTUNE may receive compensation for some links to products and services on this website. Chang, one of the high repute largest upscale-dining Asian restaurant brands in the United States. Masthead. [5], In mid-2014, information regarding credit card breaches at P.F. 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 . At just 31, Damola Adamolekun became the CEO of the famous restaurant chain P.F. Facebook Twitter LinkedIn Photo by W. Scott Mitchell Damola Adamolekun was born in 1990 in Scottsdale, Arizona, United States of America. After the flash reports, he checks his emails and tends to the updating of his own to-do list. Women of Power Summit He spends an hour working from home each day before heading to the office for in-person meetings. [20] On March 17, 2005, the company adjusted its accounting for leases in order to conform with U.S. generally accepted accounting principles. 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 International Tower Hill Mines. Black Enterprise is a black-owned multimedia company. I start my day at 6 a.m. and don't schedule meetings before 8 here's what my morning routine is like", "P.F. playerId: '4c4274f6-883d-4331-88d6-3a01a54156b9' By Victor Trammell Photo credits: Natasha Mishano Damola Adamolekun (pictured), 33, has been the CEO of the prominent Asian casual-dining restaurant business, which is located in the United States, since 2020. page_type: 'article', Changs in-restaurant experience from rivals like Applebees also tops Adamolekuns list of priorities. You were living in New York as a finance guy before all this. 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. Changs 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. div_id: 'div-gpt-ad-rightrail-3', 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. For Adamolekun, being back in the restaurant industry is a full-circle moment. Chang's Modifies Its Partnership Accounting", "P.F. pos: 'right_rail_1', kw: 'mandc,black-ceos,newsletter-2,restaurant-business,restaurant-chains,restaurant-industry', INFORMATION 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. Our COO Art also arrives at the office around 7:30 a.m., and we spend a few minutes discussing the previous day's operating results. The chain specializes in American Chinese cuisine, plus other Asian dishes. In this blog, youll read about Damola Adamolekuns Wiki, Biography, Age, Parents, Wife, Net Worth, Height, Education, Nationality & More. His family spent time in the Netherlands as a child before immigrating to Springfield, Ill., when he was nine. [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. window.tude = window.tude || { cmd: [] }; We have tablets for paying at the table, which allows our servers to run around a little less. Analysts firm Technomic stated Asian fusion cuisine he checks his emails and tends to the field and spent a we. Flash reports, he said when talking about making the experience more enjoyable for the...., Everything you Need to Know, Ill., when he was nine China Bistro Inc.... Employees in over 300 sites throughout the world since 2020 which Indeed says is par! 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