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Damola Adamolekun to step down as CEO of P.F. Chang’s China BistroDamola Adamolekun to step down as CEO of P.F. Chang’s China Bistro

TriArtisan Capital Advisors managing director Rohit Manocha named interim CEO

Bret Thorn, Senior Food Editor

July 31, 2023

2 Min Read
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Damola Adamolekun is stepping down as CEO of P.F. Chang’s China Bistro effective Aug. 1, the Asian-influenced casual dining chain said Monday.

Rohit Manocha, co-founder and managing director of TriArtisan Capital Advisors, an owner of P.F. Chang’s, has been named interim CEO while the board works with an independent recruitment firm to find a permanent replacement.

Adamolekun has been the restaurant chain’s CEO since July of 2020 after he helped lead the 2019 deal in which Paulson & Co and TriArtisan Capital Advisors acquired it from Centerbridge Partners. He will return to Paulson as a partner focusing on investments.

In a press release announcing Adamolekun’s departure, Paulson president and board chairman John Paulson thanked the outgoing executive for his “invaluable contributions” since joining P.F. Chang’s.

"Damola stepped in as CEO in the midst of the COVID-induced economic shutdown and successfully pivoted the business to off-premise dining to continue to serve customers and stabilize cash flow,” he said. “ Subsequently, he returned the Company to growth through a total brand refresh and new restaurant openings that position P.F. Chang's for long-term success.  We are grateful for his leadership of the Company during this period."

Related:CEO Damola Adamolekun moves P.F. Chang’s to be where the customers want it

Adamolekun said, "I'm immensely proud of all that we've accomplished to elevate the customer experience, to build-out the Company's technology infrastructure to enable a robust takeout and delivery business, and to expand our international footprint. It's been an honor to lead P.F. Chang's, and I wholeheartedly believe the strong team we have in place will continue to drive success in the future."

Incoming interim CEO Manocha said he was optimistic about the Scottsdale, Ariz-based restaurant chain’s future.

"The P.F. Chang's brand and restaurant network are in a great position, and I look forward to working closely with our talented team to build on our momentum, drive increased traffic and transition the Company to its next world class leader. Most importantly, we will continue to make our customers' lives better through iconic, authentic food and joyful hospitality."   

Manocha is also chairman of TGI Fridays.

P.F. Chang’s has more than 300 restaurants in 22 countries.

Contact Bret Thorn at [email protected] 

About the Author

Bret Thorn

Senior Food Editor, Nation's Restaurant News

Senior Food & Beverage Editor

Bret Thorn is senior food & beverage editor for Nation’s Restaurant News and Restaurant Hospitality for Informa’s Restaurants and Food Group, with responsibility for spotting and reporting on food and beverage trends across the country for both publications as well as guiding overall F&B coverage. 

He is the host of a podcast, In the Kitchen with Bret Thorn, which features interviews with chefs, food & beverage authorities and other experts in foodservice operations.

From 2005 to 2008 he also wrote the Kitchen Dish column for The New York Sun, covering restaurant openings and chefs’ career moves in New York City.

He joined Nation’s Restaurant News in 1999 after spending about five years in Thailand, where he wrote articles about business, banking and finance as well as restaurant reviews and food columns for Manager magazine and Asia Times newspaper. He joined Restaurant Hospitality’s staff in 2016 while retaining his position at NRN. 

A magna cum laude graduate of Tufts University in Medford, Mass., with a bachelor’s degree in history, and a member of Phi Beta Kappa, Thorn also studied traditional French cooking at Le Cordon Bleu Ecole de Cuisine in Paris. He spent his junior year of college in China, studying Chinese language, history and culture for a semester each at Nanjing University and Beijing University. While in Beijing, he also worked for ABC News during the protests and ultimate crackdown in and around Tiananmen Square in 1989.

Thorn’s monthly column in Nation’s Restaurant News won the 2006 Jesse H. Neal National Business Journalism Award for best staff-written editorial or opinion column.

He served as president of the International Foodservice Editorial Council, or IFEC, in 2005.

Thorn wrote the entry on comfort food in the Oxford Encyclopedia of Food and Drink in America, 2nd edition, published in 2012. He also wrote a history of plated desserts for the Oxford Companion to Sugar and Sweets, published in 2015.

He was inducted into the Disciples d’Escoffier in 2014.

A Colorado native originally from Denver, Thorn lives in Brooklyn, N.Y.

Bret Thorn’s areas of expertise include food and beverage trends in restaurants, French cuisine, the cuisines of Asia in general and Thailand in particular, restaurant operations and service trends. 

Bret Thorn’s Experience: 

Nation’s Restaurant News, food & beverage editor, 1999-Present
New York Sun, columnist, 2005-2008 
Asia Times, sub editor, 1995-1997
Manager magazine, senior editor and restaurant critic, 1992-1997
ABC News, runner, May-July, 1989

Education:
Tufts University, BA in history, 1990
Peking University, studied Chinese language, spring, 1989
Nanjing University, studied Chinese language and culture, fall, 1988 
Le Cordon Bleu Ecole de Cuisine, Cértificat Elémentaire, 1986

Email: [email protected]

Social Media:
LinkedIn: https://www.linkedin.com/in/bret-thorn-468b663/
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