Ronald M. Shaich
Founder, Chairman of the Board and CEO
Thirty years ago, Ron Shaich set out to change the world by changing the way America eats. By founding not one, but two successful restaurant concepts (Au Bon Pain and Panera Bread), Shaich shook up the industry by offering an antithesis to fast food – hand made, artisan food served in warm and welcoming environments by people you can trust. Today, Panera Bread and its franchisees serve over eight million people each week, employs over 80,000 associates and is a leader in the restaurant space. The Company is ranked number five in the Food Service category on Fortune’s “World’s Most Admired Companies” list.
Today, Shaich directs a range of long term innovation and strategic initiatives for Panera Bread as the company’s Chairman and CEO. Having made his name as an entrepreneur who grew his business into a national chain of nearly 1,800 bakery cafes in over 40 states and Canada, Shaich remains focused on building a company of quality over the long term.
Shaich was awarded the 2011 MUFSO Pioneer Award for being one of the most significant contributors in the history of the food service industry. Past winners have included Colonel Harland Sanders, Ray Kroc, Norman Brinker and J. Willard Marriott, Sr. In 2005, he was awarded IFMA’s Gold Plate Award for being the outstanding leader in the food service industry. As well, he has twice received the Nation’s Restaurant News Golden Chain Award which is given to figures who exemplify success and leadership in the food service industry.
Shaich has also been a national finalist for Ernst & Young’s Entrepreneur of the Year. Panera and Shaich’s innovative management style have been featured in Fortune, Forbes, Inc., Fast Company, The Economist, TIME, The Wall Street Journal, The New York Times, all three network evening news programs (NBC Nightly News, CBS Evening News, ABC World News Tonight) and several books. As well, Shaich frequently represents Panera Bread on CNBC, Bloomberg, CNN and Fox News.
Shaich also serves as President of the Panera Bread Foundation and recently spearheaded the Panera Cares initiative, through which the Foundation created nonprofit community cafes aimed at addressing issues related to food insecurity. He is a member of the Board of Directors of the Lown Cardiovascular Research Foundation. Shaich formerly served as Chairman of the Board of Trustees of Clark University. He is also a co-founder of No Labels, a political organization aimed at addressing the politics of problem solving.
Shaich received a Bachelor of Arts degree from Clark University in 1976 and a Master’s Degree in Business Administration from Harvard Business School in 1978. He resides in Brookline, MA with his wife, Nancy, and children, Michael and Emma.
For more information on Shaich, visit www.ronshaich.com. This Web site includes photographs, recent articles, presentations, interviews and publications.
William W. Moreton
Executive Vice Chairman
William “Bill” Moreton was named Executive Vice Chairman effective August 2013 and helps oversee Panera’s business operations. Moreton is also a member of the Board of Directors. From 1998 to 2003, Moreton served as Panera Bread's Executive Vice President, Chief Financial and Administrative Officer. He rejoined the company in October 2008 as Executive Vice President & Co-Chief Operating Officer. Moreton was appointed Chief Executive Officer and President of Panera Bread and to the Board of Directors in May 2010. From March 2012 to July 2013 Moreton served as President and Co-CEO.
Prior to joining Panera, Moreton served as President and Chief Financial Officer of Potbelly Sandwich Works. He also previously served as Chief Executive Officer of Wendy's International, Inc. subsidiary Baja Fresh. Prior to his responsibilities with Baja Fresh, Moreton was Executive Vice President, Subsidiary Brand Management for Wendy's, where he assisted with strategy and growth of developing brands. Moreton also served as Executive Vice President and Chief Financial Officer of Quality Dining, Inc.
Prior to entering the restaurant industry, Moreton spent a decade in banking, accounting and financial consulting with Credit Agricole and Arthur Andersen & Co.
Moreton earned a Bachelor of Science degree in Accountancy from DePaul University and is a Certified Public Accountant.
Lead Independent Director Since March 2008, Director Since March 2000
Mr. Colasacco is President and Chief Executive Officer of Boston Trust & Investment Management, a trust company formed under Massachusetts state law. He joined Boston Trust in 1974 after beginning his career in the research division of Merrill Lynch & Co., in New York City.
Mr. Colasacco earned his Bachelor's degree and Masters of Business Administration degree from Babson College.
Director since November 2012
Ms. Hessan is President and CEO of Communispace, a leading next-generation market research company. Ms. Hessan founded Communispace in 1999.
Ms. Hessan has served on the boards of numerous organizations, including the Advertising Research Foundation, The Business Innovation Factory, the Progressive Business Leaders Network, the Mass Technology Leadership Council, Horizons for Homeless Children, The Boston Philharmonic, Stand for Children, and the Tufts University Board of Trustees. She has received many awards and citations for her leadership and workplace innovation, including Ernst & Young's Regional Entrepreneur of the Year and the Greater Boston Chamber of Commerce Entrepreneur of the Year.
Ms. Hessan earned her undergraduate degree from Tufts University and Masters of Business Administration from Harvard University.
Director since June 2003
Professor Foulkes is a Professor of Organizational Behavior and the Director of the Human Resources Policy Institute at Boston University School of Management and has taught courses in human resource management and strategic management at Boston University since 1980.
From 1968 to 1980, Professor Foulkes was a member of the Harvard Business School faculty. Dr. Foulkes serves on the board of directors of Bright Horizons Family Solutions, the Society for Human Resource Management and the National Academy of Human Resources.
Dr. Foulkes earned his undergraduate degree from Princeton University and Masters of Business Administration and Doctor of Business Administration degrees from Harvard University.
Director since June 2001
Mr. Franklin is President and Chief Executive Officer of Franklin Sports, Inc., a leading sports equipment company. Mr. Franklin joined Franklin Sports, Inc. in 1970 and served as its Executive Vice President from 1981 to 1986, when he took over his current post.
Mr. Franklin currently serves on the Board of Directors of Bradford Soap International, Inc., The Sporting Goods Manufacturer's Association, The Retail Industry Leadership Association, and the New England chapter of the Juvenile Diabetes Research Foundation.
Mr. Franklin earned a Bachelor's degree from the University of Wisconsin.
Thomas E. Lynch
Director since March 2010
Mr. Lynch is the Senior Managing Director of Mill Road Capital, a private equity firm which focuses on investments in high quality, publicly traded companies. From 2000 until December 2004, Mr. Lynch served as a Senior Managing Director of Mill Road Associates, a financial advisory firm that he founded in 2000. Previously, he served as the Founder and Managing Director of Lazard Capital Partners and held positions at the Blackstone Group and the Monitor Company. Mr. Lynch previously served as a member of our Board from June 2003 until December 2006.
Mr. Lynch earned his Bachelor’s degree with honors from Williams College, a Master of Philosophy degree from Oxford University and Master of Business Administration degree from Stanford University.