{"id":13739,"date":"2025-01-08T22:00:38","date_gmt":"2025-01-08T22:00:38","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/01\/08\/panera-brands-ceo-steps-down-cfo-to-fill-in-as-interim-chief\/"},"modified":"2025-01-08T22:00:38","modified_gmt":"2025-01-08T22:00:38","slug":"panera-brands-ceo-steps-down-cfo-to-fill-in-as-interim-chief","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/01\/08\/panera-brands-ceo-steps-down-cfo-to-fill-in-as-interim-chief\/","title":{"rendered":"Panera Brands CEO steps down; CFO to fill in as interim chief"},"content":{"rendered":"<p class=\"\">Panera Bread\u2019s parent company announced Tuesday that CEO Jose Due\u00f1as is stepping down, effective immediately.<\/p>\n<p class=\"\">The change in leadership is the latest challenge to the company\u2019s plans\u00a0to go public eventually, following several years of hurdles.<\/p>\n<div><\/div>\n<p class=\"\">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.<\/p>\n<p class=\"\">Due\u00f1as 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.<\/p>\n<p class=\"\">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.<\/p>\n<p class=\"\">JAB has been trying to take Panera public again for years. In 2022, Panera scrapped a deal with Danny Meyer\u2019s special purpose acquisition company, citing market conditions.<\/p>\n<p class=\"\">In the same 2023 announcement tapping Due\u00f1as 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\u00a0confidentially filed\u00a0for an IPO.<\/p>\n<p class=\"\">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.<\/p>\n<\/p>\n<div>This post appeared first on NBC NEWS<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Panera Bread\u2019s parent company announced Tuesday that CEO Jose Due\u00f1as is stepping down, effective immediately. The change in leadership is the latest challenge to the company\u2019s plans\u00a0to 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 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":13740,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=13739"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/13739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/13740"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=13739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=13739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=13739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}