ST. LOUIS — Panera Brands, parent company of Panera Bread and Einstein Bros., announced the appointment of Paul Carbone to CEO, effective immediately.
Carbone has served as CFO since 2023 and was appointed Panera Brands’ interim CEO in January, following the departure of José Alberto Dueñas.
“Paul’s commitment and significant contributions to Panera over the past two 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 vision to lead the company through a period of transformation,” said 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 makes him the right person to lead Panera into this next chapter of growth.”
As CFO, Carbone worked to strengthen Panera Bread’s business by identifying and executing improvements in key areas, including menu transformation, value and guest experience.
Prior to joining Panera in 2023, Carbone served as CFO of Dunkin’ Brands for nine years, doubling the company’s market capitalization.
“There is tremendous opportunity ahead for Panera Brands and I believe that we are on the right path to return Panera back to its rightful position as the industry leader in fast casual,” Carbone said. “I look forward to working with the team to execute a strategic multi-year plan focused on building great teams, delivering an exceptional guest experience and driving franchise profitability.”
