St. Louis — Panera Brands Inc., which includes the iconic fast-casual concept Panera Bread, as well as Einstein Bros. Brands and Caribou Coffee, has appointed Paul Carbone as chief executive officer, effective immediately. 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 2 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,” says 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.”
Carbone is a seasoned professional with extensive experience working with consumer brands, including within the restaurant industry. During his time as chief financial officer, 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.
Carbone has spent his career driving change across the restaurant, consumer goods and retail industries. His background includes 9 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.
Panera Brands is one of the world’s largest fast-casual restaurant platforms, with more than 3,700 company and franchised locations across 11 countries. Panera Brands is comprised of Panera Bread®, Caribou Coffee® and Einstein Bros. Brands. As of March 4, 2025, there were nearly 2,200 bakery-cafes, company and franchise, in 48 states and Washington, D.C., and in Ontario, Canada.
SOURCE: Panera Brands