Red Lobster is replacing its C-suite

Red Lobster is on a hiring spree to replace its C-suite in the aftermath of the endless shrimp debacle.

Transcript

00:00Red Lobster is refreshing its C-suite after taking a massive hit from their endless shrimp promotion.

00:05The chain filed for bankruptcy in May after more than 50 locations closed.

00:09But Red Lobster's CEO is determined to bring the seafood chain back up to speed by repairing restaurants,

00:14refining its menu, and replacing part of the executive team.

00:17So far, the company has replaced its chief financial officer and its chief marketing officer.

00:22And Red Lobster's CEO is confident their $60 million plan will grow a stronger, more resilient company.