Caribou Coffee’s president and CEO, John Butcher, will step down on March 14 after serving in the role since 2019.
Butcher became president of Caribou Coffee in 2017 and led the company’s integration with Panera Brands’ coffee and food-to-go division in August 2021.
Caribou Coffee has appointed CFO Scott Kennedy as temporary CEO, overseeing the company while it searches for a permanent replacement.
“I want to thank John for his leadership over the last nearly eight years, as his commitment to providing a best-in-class customer experience and building a strong team-oriented culture at Caribou positioned the company well for the future,” said Konrad Meyer, chairman of Caribou Coffee.
“The board looks forward to working with John and Scott during this transition as we set our sights on accelerating growth across North America and internationally.”
Joining Caribou Coffee as CFO in 2019, Kennedy spent 14 years in executive positions at Target Corporation, the last six years as president of financial & retail services.
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