Corner Bakery Cafe Names Salil Bapat as Chief Financial Officer
Neighborhood Cafe Strengthens Executive Team by Hiring Industry Veteran
DALLAS - Jan. 13, 2015 // PRNewswire // - Corner Bakery Cafe, a fast-casual restaurant franchise known for its ingredient-inspired menu and neighborhood cafe atmosphere, today announces the appointment of finance, franchise and restaurant veteran Salil Bapat as Chief Financial Officer (CFO). Further strengthening an already impressive executive team, Bapat joins the Dallas-based company effective immediately, bringing an impressive wealth of financial, franchise and restaurant experience.
"We were very deliberative and diligent in our six-month search for a new CFO, and Salil was, by far, the most impressive candidate we interviewed," says Gary Price, President of Corner Bakery Cafe. "It was important that we chose an executive that understood our company's culture and had the experience needed to lead Corner Bakery Cafe's financial strategy. Considering Salil's extensive financial, franchise and restaurant industry background, we are thrilled to have him on board during this exciting time in our company's history."
Bapat most recently served as CFO for YUM Brands' Latin America and Caribbean region, one of many positions he has held during his 20 years of restaurant, franchise and finance experience. He previously supported YUM Brands in Thailand and South Korea in progressively larger CFO roles. Prior to his international assignments, Salil led the Financial Planning and Analysis, Development, Capital Planning and Business Analysis groups for the brand.
"I believe I can help Corner Bakery Cafe build upon its success in 2014 and further elevate it as the industry leader," says Bapat. "I am looking forward to joining this impressive management team and integrating myself into the brand. 2015 is poised to be another record year for Corner Bakery Cafe, and I am happy to be a part of the team leading the growth strategy."
Bapat holds a MBA from Thunderbird School of Global Management, and earned his Bachelor of Science degree in Electrical/Computer Engineering from Kiev Polytechnic Institute, Ukraine, where he attended on a full Russian language scholarship. Bapat is fluent in three languages - English, Russian and Hindi. He will reside in Dallas, where Corner Bakery Cafe is headquartered, with his wife and son.
Corner Bakery Cafe is a fast-casual restaurant serving breakfast, lunch and dinner to guests in 19 states and Washington, D.C. With more than 180 company-owned and franchise cafes currently open, and franchise agreements representing commitments for 340 units, Corner Bakery Cafe continues its substantial market reach across the country. For more information, visit www.CornerBakeryCafe.com.
About Corner Bakery Cafe
Corner Bakery Cafe is a fast-casual restaurant serving breakfast, lunch and dinner to guests in 19 states and Washington, D.C. Established in 1991, Corner Bakery Cafe restaurants are owned and operated by CBC Restaurant Corp. with more than 180 company-owned and franchised locations around the country. Founded on a philosophy of creating a place for people to relax and gather with family and friends, Corner Bakery Cafe offers a casual atmosphere featuring innovative, seasonal menu options ranging from hot breakfasts and signature panini to handcrafted salads, sandwiches and mouthwatering sweets. Offering dine-in, to-go and catering service for any occasion, Corner Bakery Cafe delivers a premier bakery cafe experience in the heart of neighborhoods everywhere. Corner Bakery Cafe was acquired in 2011 by Roark Capital Group, an Atlanta-based private equity firm that specializes in business and consumer service companies with attractive growth prospects and revenues ranging from $20 million to $1.0 billion. More information on Corner Bakery Cafe franchise opportunities is available at CornerBakeryCafe.com/Franchise-Information. Become a fan of Corner Bakery Cafe on Facebook and on Twitter.
SOURCE Corner Bakery Cafe