Panera Brands Inc., the parent company of Panera Bread, Caribou Coffee, and Einstein Bros., has announced significant appointments to its Board of Directors to enhance its expertise in the restaurant industry and support its next phase of growth.
Patrick Grismer, former Chief Financial Officer at Starbucks and current Lead Independent Director at Panera, has been named Board Chair. Additionally, industry veteran David Deno has joined the Board and will assume the role of Audit Committee Chair, effective immediately.
“We are thrilled to appoint Pat as Board Chair and to welcome David to our Board at this pivotal moment in Panera’s growth journey,” said Panera CEO José Alberto Dueñas. “Pat has been a key contributor to the Board over the past two years, and David brings decades of invaluable experience that will help propel us into the future.”
Seasoned Expertise Driving Strategic Growth
Patrick Grismer has been a member of the Panera Brands Board since 2022, previously serving as Audit Committee Chair and Lead Independent Director. His impressive resume includes roles as CFO at Starbucks, Hyatt Hotels, and Yum! Brands, where he oversaw the parent companies of Taco Bell, KFC, and Pizza Hut.
“I’m honored to step into this role at such a transformative time for Panera Brands,” said Grismer. “I look forward to collaborating with the Board and management team to unlock the company’s next phase of growth and innovation.”
David Deno, with over 40 years of experience in the restaurant sector, brings a wealth of operational and financial expertise. He most recently served as CEO of Bloomin’ Brands, parent company to Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Steakhouse. His previous roles include CFO and COO at Yum! Brands and its subsidiaries.
“Joining Panera, a trailblazer in the fast-casual dining space, is an exciting opportunity,” said Deno. “I’m eager to help redefine success in this sector alongside such an accomplished Board and management team.”
Innovative Leadership and Digital Momentum
Panera Brands continues to lead the fast-casual sector with innovations such as its Unlimited Sip Club subscription program and digital-first store formats. Panera Bread has seen digital sales soar, now representing over 55% of total sales, while its MyPanera loyalty program has grown to 61 million members.
With more than 3,700 locations across 11 countries, Panera Brands is well-positioned for continued growth under its enhanced leadership team, which boasts a proven track record of driving success across some of the world’s most iconic restaurant brands.
