turnarounds

Red Lobster’s wunderkind CEO might have the secret sauce for turnarounds. Private equity should be taking notes.

Red Lobster’s wunderkind CEO might have the secret sauce for turnarounds. Private equity should be taking notes.

Finance

An Ivy League-educated, former private-equity investor with a knack for chasing turnarounds doesn’t sound like a sympathetic figure. Damola Adamolekun is different.The 37-year-old Red Lobster CEO is the face of the seafood chain’s turnaround, building a cult following along the way, writes BI’s Katherine Tangalakis-Lippert.The irony is that traditional Wall…