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Black CEO

Red Lobster, the iconic seafood chain, has officially exited Chapter 11 bankruptcy following its acquisition by RL Investor Holdings LLC, a group backed by Fortress Investment Group.  The company has named 35-year-old Damola Adamolekun as its new CEO, marking a milestone in both the restaurant’s history and the career of this rising Black business leader. New Leadership Ushers in a Fresh Chapter for Red Lobster With a new ownership structure in place and fresh leadership at the helm, Red Lobster is positioning itself for a comeback.  Adamolekun, who previously served

MyFiLi is a new AI-powered edtech platform designed to transform how families, schools, and nonprofits engage with financial literacy.  The Urgent Need for Financial Literacy Currently, consumer credit card debt in the U.S. has hit an all-time high of $1.79 trillion, and savings account balances average just $4,521. MyFiLi.com addresses this gap by providing tools and knowledge that help users navigate the complex nature of financial management.  According to BlackNews, Founder and CEO Joseph Green‘s mission is to empower everyone to develop a healthy relationship with money. “By making financial literacy education accessible,

UpSurge Baltimore has named Kory Bailey its new CEO. Founded in 2021, UpSurge Baltimore is an ecosystem builder focused on making Baltimore the country’s first Equitech city and a launching pad for founders of all backgrounds. Bailey will be the first Black person to lead the company. Meet Kory Bailey Bailey is a noteworthy leader in the startup and tech community that focuses on developing relationships locally and nationally with founders, investors, and startup support organizations. Bailey, from Durham, NC, grew up loving sports and technology and went on to

According to Her Agenda, for the first time in Fortune’s 68-year history, women are leading more than 10% of Fortune 500 companies.  A historical moment for women in business   The report shows that this milestone was reached after five new women began their roles as CEOs of Fortune 500 companies – pushing the percentage balance to 10%. “Women as CEOs isn’t an oddity anymore,” said Jane Stevenson, global leader for the CEO succession practice at Korn Ferry.  “It’s not the majority, but it’s not an oddity. So, 10% makes it more

Earlier this week, Calendly announced the acquisition of recruiting operating platform, Prelude to help further accelerate the platform’s vision of solving external scheduling challenges for individuals and members of the company.  Prelude, co-founded by Will Laufer and Alexander Soto, is a recruiting operation platform focused on improving the recruitment process to help improve the candidate’s experience. Over the years, Prelude has transformed how companies approach hiring, from communications and prep to scheduling and logistics. In addition, by increasing transparency, Prelude’s enterprise has made the hiring process a lot more seamless for customers.  Prelude and Calendly joining forces