Panera Brands named Konrad Meyer as CFO
September 16 - 2022
Coffee Geography Magazine
Meyer, who previously was also a partner for UK-based Panera parent company, JAB, will be succeeding Ted Stedem, who served as CFO for three years and is now CFO of delivery startup GoPuff, according to Bloomberg. In addition to the appointment of Meyer, Mark Wooldridge, SVP, controller and chief accounting officer, will act as CFO of the Panera Bread brand.
“Ted has been an outstanding colleague and partner, and we are grateful for his many contributions over the last three years as Panera has continued to thrive and grow,” Niren Chaudhary, CEO of Panera Brands and Panera Bread said in a statement.
JAB Holding combined Panera Bread, Caribou Coffee, and Einstein Bros. Bagels under one platform in Aug. 2021 and later that fall, announced plans to go public and merge with Danny Meyer SPAC. In July, Panera announced the end of the partnership with Meyer’s special acquisition group “in light of unfavorable economic conditions.”
“At the same time, we are truly excited to welcome Konrad Meyer as Panera Brands’ Chief Financial Officer. Konrad is a trusted partner and a friend who has extensive industry experience, including numerous financial and investment leadership positions, as well as a deep familiarity with Panera, which will make him a valuable member of our management team as we continue to execute our strategy and build on our leading portfolio of brands.”