Panera Manufacturers CEO José Alberto Dueñas is stepping down from the function of CEO after roughly 22 months. He’s being changed on an interim foundation by present CFO Paul Carbone, who was additionally beforehand CFO of Dunkin’ Manufacturers.
The rationale for Dueñas’s departure was not supplied in an announcement from the corporate immediately, though the chief will keep on as particular adviser to the CEO by way of March.
A personal firm spun off from espresso and funding behemoth JAB in 2021, Panera Manufacturers at present includes Panera Breads, Einstein Bros. Bagels and Caribou Espresso. Mixed, the model household has greater than 3,700 company-owned and franchise places, together with greater than 800 Caribou Espresso outlets.
Multinational espresso conglomerate JDE Peet’s acquired Caribou Espresso’s roasting operation in a $260 million deal roughly one yr in the past. Since that point, neither Caribou nor Panera nor Einstein have publicly disclosed how, the place or by whom their coffees are roasted.
“Over the past yr, we now have listened to our company, our crew members and our franchisees, and have innovated behind our core product choices to make sure that Panera continues to be a class chief identified for distinctive, high-quality meals and an distinctive visitor expertise,” Carbone mentioned in an announcement from Panera Manufacturers immediately. “Being a pacesetter on this effort is an incredible alternative and I’m excited to associate with our administration crew and franchisees to unlock Panera’s subsequent part of development.”
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