Minnesota, US-based speciality espresso retailer Caribou Espresso has named Scott Kennedy as its CEO and president with fast impact.
Kennedy, who beforehand held the place of chief monetary officer at Caribou, has been serving as interim CEO since March 2025.
His background features a tenure at US retailer Goal, the place he spent 14 years in numerous government roles.
His final place at Goal, held for six years, was as president of economic and retail companies.
Earlier than his time at Goal, he had amassed almost 16 years of expertise at KPMG, culminating in a two-year stint as a accomplice.
Kennedy commented: “I am honoured to tackle the position of President and CEO at Caribou Espresso. Caribou Espresso is a beloved model with a powerful basis of remarkable merchandise and a welcoming coffeehouse expertise.
“Trying forward, I see super alternative to speed up our development, broaden our attain and proceed elevating what makes Caribou distinctive. I am excited to accomplice with our proficient workforce to grab these alternatives and ship even larger worth to our company and stakeholders.”
Caribou Espresso, which inaugurated its first coffeehouse in 1992, is understood for its meals choices and handcrafted drinks.
It operates a worldwide community of 800 operated and franchised coffeehouses in 11 nations, and its technique emphasises sensible development.
As a part of Panera Manufacturers, Caribou shares its company umbrella with Panera Bread and Einstein Bros Bagels.
In 2024, Caribou opened a brand new coffeehouse in Mooresville, North Carolina, and concluded a $260m licensing settlement with JDE Peet’s.
“Caribou Espresso names Scott Kennedy as new CEO” was initially created and printed by Verdict Meals Service, a GlobalData owned model.
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