Horace Dawson, CEO of Red Lobster. Courtesy photo Red Lobster GC-Turned-CEO Retires as Chain Owner Casts for Buyer
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
What You Need to Know
- Horace Dawson worked 21 years for Red Lobster and former parent Darden Restaurants.
- Dawson was general counsel when named CEO last September.
- Red Lobster parent Thai Union is selling the 660-restaurant chain and named restructuring veteran Jonathan Tibus as CEO.
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.
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