Headlines
Red Lobster CEO Resigns After Just 8 Months
She called her decision “an incredibly difficult, but necessary” one
Red Lobster (Orlando) CEO Kelli Valade has resigned from her position after just eight months on the job, the Orlando Sentinel reports.
Kelli Valade | Credit: BlackBoxUser, Wikimedia Commons
A press release from the casual seafood chain did not name a specific reason for her departure, with Valade saying only it was “an incredibly difficult, but necessary decision.”
The outlet spoke with restaurant analyst John Gordon, who said the abrupt resignation sends a bad signal to Red Lobster’s future CEO.
“No CEO anywhere wants to be on board a company only eight months. That says it all,” he said. “That is an indicator of severe stress and malfunction that you can only stay on a job eight months before some sort of irreparable break occurs. … This kind of causes a shiver of ice to go through the management ranks.”
Read more at the Orlando Sentinel.
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