ST. LOUIS — Panera Bread Co-CEO Bill Moreton will transition to the executive vice-chairman role, while Co-CEO and founder Ron Shaich will re-assume the role of sole CEO, effective Aug. 1.
“As a result of this family matter, I have found myself unable to travel and am now clear I will be challenged to fully execute my responsibilities as president and Co-CEO of Panera Bread. Thus, the Board and I agree that it is best that I evolve into a role as executive vice-chairman. In this new role, I hope to fulfill my personal responsibilities while maintaining a strong engagement with Panera and assist Ron and our team in leading our company,” said Moreton.
Shaich served as sole CEO of Panera Bread from May 1994 to May 2010 and Co-CEO from January 1988 to May 1998.
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