Panera Brands has announced the appointment of Konrad Meyer as chief financial officer (CFO), effective 22 August, 2022. Meyer joins the franchisor from JAB, where he served as a partner, to help source and oversee its investments, including its fast-casual restaurant portfolio. He brings significant industry as experience, and served as the interim CFO of Pret a Manger.
The current CFO, Ted Stedem, is stepping down from his position to pursue other interests after supporting the company during a time of significant evolution and growth. Mark Woolridge, senior vice president, controller and chief accounting officer will also assume the responsibilities of Panera Bread CFO.
“Ted has been an outstanding colleague and partner, and we are grateful for his many contributions over the last three years as Panera has continued to thrive and grow,” said Niren Chaudhary, CEO of Panera Brands and Panera Bread.
“At the same time, we are truly excited to welcome Konrad Meyer as Panera Brands’ chief financial officer. Konrad is a trusted partner and a friend who has extensive industry experience, including numerous financial and investment leadership positions, as well as a deep familiarity with Panera, which will make him a valuable member of our management team as we continue to execute our strategy and build on our leading portfolio of brands.”