A new Chief is taking his place in the bakery industry. Paul Carbone has taken up the role of Chief Financial Officer for Panera Brands, effective August 15, 2023.
“I could not be more thrilled to join this dynamic and innovative company at such an energizing and exciting time for the business,” said Carbone. “I look forward to joining an already outstanding leadership team and accelerating the momentum of Panera Brands to deliver long-term growth and success.”
Carbone brings decades of operational, IPO, and public company experience and will be an integral part of Panera Brands’ leadership during the company’s next phase of growth.
The long-time industry executive joins Panera Brands with significant financial executive experience in the restaurant, consumer goods, and retail industries, including spending nine years at Dunkin’ Brands where he was CFO from 2012–2017. He also has been the CFO of YETI Holdings and SharkNinja.
As noted in the release, Carbone received his MBA in Finance at Gies College of Business at the University of Illinois Urbana-Champaign; a BSBA in Accounting and Finance from the Darla Moore School of Business at the University of South Carolina; and a Bachelor of Science in Management from the University of Massachusetts, Amherst. Carbone will be based out of Panera Bread’s support center in Newton, Massachusetts.
“I am excited for Paul to join the team as we continue to focus on long-term value-creation for Panera Brands,” said José Alberto Dueñas, Chief Executive Officer of Panera Brands and Panera Bread. “Paul’s depth of knowledge and history of success across multiple industries, particularly in the restaurant space, and his dynamic leadership qualities make him an ideal partner as we take Panera Brands to the next level.”
More information can be found here.
Congratulations on the new role, Paul Carbone!