ST. LOUIS, USA – Panera Brands Inc., which includes the iconic fast casual concept Panera Bread, as well as Einstein Bros. Brands and Caribou Coffee, today announced that it has appointed Paul Carbone as Chief Executive Officer, effective immediately. Mr. Carbone previously served as Chief Financial Officer for the company and was appointed to the role of Interim CEO in January 2025.
“Paul’s commitment and significant contributions to Panera over the past two years – coupled with his impressive track record of success with both public and private companies in the industry – demonstrate that he has both the experience and the vision to lead the company through a period of transformation,” said Patrick Grismer, Board Chair of Panera Brands.
“Paul’s tremendous focus on building talented teams who are passionate about delivering exceptional guest experiences and best-in-class franchisee profitability make him the right person to lead Panera into this next chapter of growth.”
Mr. Carbone is a seasoned professional with extensive experience working with consumer brands, including within the restaurant industry. During his time as Chief Financial Officer, Mr. Carbone played a significant role in strengthening Panera Bread’s business by identifying and executing improvements in key areas, including menu transformation, value and guest experience.
“There is tremendous opportunity ahead for Panera Brands and I believe that we are on the right path to return Panera back to its rightful position as the industry leader in fast casual,” said Paul Carbone, Chief Executive Officer of Panera Brands. “I look forward to working with the team to execute a strategic multi-year plan focused on building great teams, delivering an exceptional guest experience and driving franchise profitability.”
Mr. Carbone has spent his career driving change across the restaurant, consumer goods and retail industries. His background includes nine years as Chief Financial Officer at Dunkin’ Brands, during which time the company doubled its market capitalization after going public. He has also served as Chief Financial Officer of YETI Holdings, Inc., and SharkNinja.
