Panera Bread Company
PNRA has announced that Founder and Executive Chairman, Ron
Shaich, and President and Chief Executive Officer, Bill Moreton, will
become co-CEOs, effective immediately.
The transition to co-CEOs formalizes a relationship that has evolved
over the last year and is a reflection of the way in which Shaich and
Moreton have been operating as partners. This change in titles is
simply a statement of their partnership and shared commitment to
Panera.
Effective today, each individual's formal title will be as follows:
Ron Shaich, Chairman of the Board and co-CEO; Bill Moreton, President
and co-CEO.
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