Fortress Investment Group Appoints Damola Adamolekun As CEO of Rl Investor Holdings Llc

Aug 26, 2024•11 months ago

Position

Managing Director

Company

Fortress Investment Group

Steven Parrinello

New YorkInvestment Management

Description

Fortress Investment Group announces the appointment of Damola Adamolekun as the CEO of RL Investor Holdings LLC, a new entity seeking bankruptcy court approval to acquire the Red Lobster restaurant chain from Red Lobster Management LLC. Upon court approval, Adamolekun will lead the reorganized Company, which will continue to operate independently with 544 locations across 44 U.S. states and four Canadian Provinces.

Company Information

Company

Fortress Investment Group

Location

New York, New York, United States

About

Fortress Investment Group is a leading, highly diversified global investment manager with US$ 48 billion of assets under management. It manages assets on behalf of over 1,900 institutional clients and private investors worldwide across a range of investment strategies.

Executive Insights

Based on hiring data

New executive impact window

87% of new executives make significant technology decisions within first 100 days

Budget influence

C-level executives control 73% of technology spending decisions

Transformation catalyst

65% of new senior hires launch digital transformation initiatives

Vendor review timeline

New executives typically review existing vendors within 6 months

Related People

Raymond hidden

hidden

Steven hidden