Panera Brands Inc., which includes Panera Bread as well as Caribou Coffee and Einstein Bros. Brands, has hired Konrad Meyer as chief financial officer to replace Ted Stedem, who is stepping down from his role to pursue other interests.
Meyer joins Panera JAB, where he has been a partner helping to source and oversee its investments, including its fast casual restaurant portfolio. He also served as interim CFO of Pret a Manger, according to a company press release.
In addition to the appointment of Meyer to CFO of Panera Brands, Mark Wooldridge, SVP, controller and chief accounting officer, will also assume the responsibilities of Panera Bread CFO.
“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 company press release. “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.”
Panera Brands has 3,852 locations and 120,000 employees, including franchisees, across 11 countries.