St. LUIS–(BUSINESS THREAD)–Panera Brands Inc., which includes the iconic Panera Bread casual dining and hospitality brand, as well as Caribou Coffee and Einstein Bros. Brands, is pleased to announce the appointment of Konrad Meyer as CFO, effective August 22, 2022. Mr. Meyer joins Panera Brands from JAB, where he was a partner helping to source and oversee its investments, including its portfolio of fast-casual restaurants. He brings significant industry experience, including his work as interim CFO of Pret a Manger.
Ted Stedem, current CFO of Panera Brands, is leaving his role to pursue other interests after supporting the company through a time of significant evolution and growth. In addition to the appointment of Mr. Meyer to Panera Brands CFO Mark Wooldridge, SVP, Controller and Chief Accounting Officer, will also assume the responsibilities of Panera Bread Chief Financial Officer.
Panera Brands is one of the world’s largest and most innovative fast-casual restaurant companies, focused on providing delicious options made with high-quality ingredients while delivering an elevated experience rooted in omnichannel access, personalization and convenience. In the past year, Panera Brands companies have driven rapid innovation, combining leading digital and loyalty competencies with a portfolio of premium food innovation, a first-of-its-kind unlimited Sip Club membership, new franchise partnerships and a new store focused on convenience. formats, building an unparalleled fast casual platform with a huge runway for growth.
“Ted has been an exceptional colleague and partner, and we are grateful for his many contributions over the past three years as Panera has continued to thrive and grow,” said Niren Chaudhary, CEO of Panera Brands and Panera Bread. “At the same time, we are truly excited to welcome Konrad Meyer as CFO of Panera Brands. Konrad is a trusted partner and friend who has extensive experience in the industry, including numerous financial leadership and investment, as well as a deep familiarity with Panera, which will make him a valuable member of our management team as we continue to execute on our strategy and build on our leading portfolio of brands.”
About Panera Brands
Panera Brands is one of the largest fast-casual restaurant platforms in the world, with 3,852 locations and 120,000 employees, including franchisees, in 11 countries. A portfolio of complementary brands linked by common values and shared growth opportunities, Panera Brands consists of Panera Bread®, Caribou Coffee® and Einstein Bros. brands Panera Brands companies operate independently and are backed by industry-leading technology, loyalty, passion and high-quality ingredients. Panera Brands companies are united in their mission to be force multipliers for the good of their guests, communities, the planet and the shareholders they serve. Panera Bread is a pioneer and market leader in fast casual, with leadership in the quality of its clean, transparent and sustainable ingredients, and in omnichannel access, digital convenience (48% of sales are from e-commerce in Q2 2022) and commitment (49 MM MyPanera Loyalty Members as of June 30, 2022).
As of June 30, 2022, there were 2,130 Panera Bread bakery-cafeterias in 49 states (including the District of Columbia) in the United States and Ontario, Canada, operating under the Panera Bread® or Saint Louis Bread Co.® names. Caribou Coffee offers high-quality craft food and beverage options, with 738 stores in 10 countries. Einstein Bros. Brands, formed by Einstein Bros. Bagels®, Bruegger’s Bagels®, Noah’s New York Bagels® and Manhattan Bagel®, is the market leader in bagels and bagel sandwiches operating 984 company-owned and licensed locations in the US.
[ad_2]
Source link
