Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
US-backed Gaza aid group launches bold new system...
Biden doctor pleads the Fifth in speedy House...
Watchdog backs Rubio’s sanctions on UN official over...
Trump taps Sean Duffy to serve as interim...
Trump cautioned Putin he would ‘bomb the s—‘...
I worked for the most successful third party...
‘Gut check time’: Dissent among Senate GOP ranks...
New book reveals what Obama and ‘conqueror’ Trump...
Trump had very unexpected convo with Obama at...
10 reasons the DOJ and FBI face backlash...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

Panera Brands CEO steps down; CFO to fill in as interim chief

by admin January 9, 2025
January 9, 2025
Panera Brands CEO steps down; CFO to fill in as interim chief

Panera Bread’s parent company announced Tuesday that CEO Jose Dueñas is stepping down, effective immediately.

The change in leadership is the latest challenge to the company’s plans to go public eventually, following several years of hurdles.

Panera Brands CFO Paul Carbone will step in as interim chief executive while the board searches for a permanent replacement to lead the company, which includes Panera Bread, Einstein Bros. and Caribou Coffee.

Dueñas plans to stick around through the end of March as a special advisor, the company said. He took over as CEO of Panera Brands in July 2023 after four years leading bagel chain Einstein Bros.

JAB Holding, the investment arm of the Reimann family, bought Panera Bread in 2017 for $7.5 billion, taking it private and then forming Panera Brands with some of its other acquisitions.

JAB has been trying to take Panera public again for years. In 2022, Panera scrapped a deal with Danny Meyer’s special purpose acquisition company, citing market conditions.

In the same 2023 announcement tapping Dueñas as its latest CEO, Panera said the leadership transition is to prepare for an eventual initial public offering. Months later, in December 2023, the company confidentially filed for an IPO.

It has yet to go public, following lawsuits tied to its heavily caffeinated Charged Lemonade, a rocky year for the restaurant industry and a sluggish market for IPOs in 2024.

This post appeared first on NBC NEWS

previous post
Nvidia’s Jensen Huang is ‘dead wrong’ about quantum computers, D-Wave CEO says
next post
Getty Images to buy Shutterstock as part of $3.7 billion visual content expansion

You may also like

Meta approves plan for bigger executive bonuses following...

February 22, 2025

Federal judge overturns $4.7 billion jury verdict in...

August 3, 2024

Elon Musk, Tesla, Warner Bros. Discovery sued over...

October 23, 2024

Sierra Space CEO leaves as $5 billion company...

January 8, 2025

Capital One outage drags into Friday afternoon, leaving...

January 18, 2025

Mortgage refinancing surges 35% in one week as...

August 16, 2024

OpenAI is done with Shipmas and staring down...

December 21, 2024

Intel CEO retires as chipmaker loses ground in...

December 3, 2024

Recalled cucumbers linked to at least 449 illnesses...

August 17, 2024

AT&T, other phone companies sued over stolen nude...

July 31, 2024

Recent Posts

  • US-backed Gaza aid group launches bold new system to deliver food directly to families
  • Biden doctor pleads the Fifth in speedy House closed-door interview
  • Watchdog backs Rubio’s sanctions on UN official over ‘shameful efforts’ targeting US, Israel
  • Trump taps Sean Duffy to serve as interim NASA chief
  • Trump cautioned Putin he would ‘bomb the s—‘ out of Moscow if Russia invaded Ukraine, new book claims

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (819)
    • Investing (2,497)
    • Politics (3,095)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.