Panera Bread Announces Bill Moreton, Ron Shaich to Become Co-CEOs
Panera Bread Company (NASDAQ: 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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