The number of licenses can be adjusted upwards to benefit more fishermen by reducing the number of traps per harvester and maintaining the total planned fishing effort.
Adamolekun, the former head of casual dining chain P.F. Chang's, is brought in by Fortress Investment Group, which is in the process of acquiring the bankrupt seafood restaurant chain.
With restructuring and restaurant closures underway, Red Lobster's bankruptcy filing claims "outsize influence" of Thai Union, who halted investment earlier this year.