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Stock impact report

Red Lobster buyer taps former PF Chang's chief as CEO [FOX Business Network]

International Tower Hill Mines, Ltd. Ordinary Shares (Canada) (THM) 
NASDAQ:AMEX Investor Relations: ithmines.com
The group seeking court approval to purchase Red Lobster has selected former P.F. Chang's CEO Damola Adamolekun to run the faltering seafood chain upon its emergence from Chapter 11 bankruptcy Fortress Investment Group, which formed RL Investor Holdings, LLC – a new entity planning to acquire Red Lobster – announced the move Monday, pending court approval. Adamolekun, who stepped down from his role as the boss of restaurant chain P.F. Chang's in 2023, will become the CEO of RL Investor, Fortress said. Prior to joining P.F. Chang's, Adamolekun worked in the Investment Banking Division of Goldman Sachs and as a private equity associate at TPG Capital, and he has served on the board of P.F. Chang's, Inday, the National Restaurant Association and International Tower Hill Mines. "Red Lobster is an iconic brand with a tremendous future. I'm looking forward to working with our team members across North America to reinvigorate the brand by making it the best place to work for our emp Show less Read more
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