Panera Bread Appoints Thomas Patrick Kelly, Interim CFO

April 11, 2012 // Franchising.com // ST. LOUIS, MO - Panera Bread Company (NASDAQ: PNRA) announced that its Board of Directors has appointed Thomas Patrick Kelly Interim Chief Financial Officer, effective April 9, 2012. Mr. Kelly will report to Bill Moreton, President and Co-Chief Executive Officer, and is serving as Interim CFO while the Company searches for a permanent CFO.

As interim CFO, Mr. Kelly will manage the Company's finance and accounting departments. Mr. Moreton will continue to be the primary contact with the investment community during the search for our new CFO.

"We are pleased to announce the addition of Patrick to Panera's senior management team as Interim CFO," commented Bill Moreton. “As an experienced financial executive with over 10 years of CFO and CEO experience on both a permanent and interim basis in various industries ranging from airlines to manufacturing to technology, Patrick provides Panera with the expertise and experience we are looking for during this transition. The search for our permanent CFO is on-going and we anticipate that it will take four to six months to find the right permanent replacement."

Contacts:

Investor
Michele Harrison
VP, Investor Relations
michele.harrison@panerabread.com
(314) 984-4966

Media
Linn Parrish
VP, Public Relations
linn.parrish@panerabread.com
(314) 984-4959

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