Red Lobster has found itself in hot water financially in recent years. losing more than $22 million last year, according to an industry trade publication.
March 26, 2024 at 02:34 PM
3 minute read
Six months after clawing his way up from Red Lobster general counsel to CEO, Horace Dawson will be replaced by a restructuring expert as its Thailand-based owner prepares to sell the financially floundering seafood restaurant chain.
Dawson will retire by month’s end to make room for new CEO Jonathan Tibus, managing director of Atlanta-based management consultancy Alvarez & Marsal.
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Horace Dawson, CEO of Red Lobster. Courtesy photo
