Caribou Coffee Announces Executive Changes
October 29 2008 - 5:59PM
PR Newswire (US)
MINNEAPOLIS, Oct. 29 /PRNewswire-FirstCall/ -- Caribou Coffee
Company, Inc. (NASDAQ:CBOU) today announced several changes to
their executive leadership team. The changes come following the
recent announcement of the company's strategic areas of focus which
include improving the profitability of the coffeehouses,
rationalizing the cost structure of the organization with the
current revenue stream, aligning the current real estate portfolio
and profitably growing the commercial and franchise business
channels. Joining the company as the Sr. Vice President of Supply
Chain, Product Management & Real Estate Development is Daniel
J. Hurdle. Hurdle brings extensive gourmet coffee experience having
worked five years with Starbucks Coffee Company in executive
leadership roles in their retail food business and retail store
construction and operations. Hurdle also worked with McKinsey &
Company in management & strategy consulting, was an officer in
the US Navy and has served as a Senior Vice President in
operations, strategy and new business development for several
retail & service entities. Hurdle has a M.S. in Management
Studies from Cambridge University and a B.S. from the US Naval
Academy. As announced in previous SEC filings, also joining the
company as the Sr. Vice President of Marketing is Alfredo V.
Martel, who will assume responsibility for the company's brand
strategy and marketing activities. Martel joins Caribou Coffee from
Yum! Brands where he has worked for the past eight years, most
recently as part of the corporate executive leadership team for KFC
USA, and previously as the Brand Director for KFC and Taco Bell Yum
Restaurants International in Puerto Rico. Martel also has worked in
several consumer package goods companies and for large advertising
agencies including BBDO and Grey Advertising. Martel has a MBA from
Boston College and a B.S. in Communications from Cornell
University. "Having a well-differentiated brand that is focused on
our hand-crafted coffee experience and delivering this with
excellence will be required to address the challenges we face in
today's marketplace," said Mike Tattersfield, Caribou Coffee CEO
and President. "I believe the direct experience these talented
executives bring to their roles is exactly what is needed to run
the business going forward." With these additions, leaving the
company will be Kathy Hollenhorst who is currently responsible for
marketing and product development, and Amy O'Neil who is
responsible for retail store operations. Both Hollenhorst and
O'Neil have agreed to assist in the successful transition of
responsibilities. Retail store operations will be managed by CEO
Mike Tattersfield to leverage his strong retail operating
experience. ABOUT THE COMPANY Caribou Coffee (CBOU), founded in
1992, is the second-largest company-owned gourmet coffeehouse
operator in the world based on number of coffeehouses. At Caribou
Coffee, our mission statement is "an experience that makes the day
better." We provide this by sourcing the highest-quality coffee in
the world and craft roasting it in small batches to bring out the
best in every bean. We then bring this extraordinary coffee to our
customers via several channels including grocery locations, online
or via our coffeehouses, which provide a relaxing escape for our
customers. Caribou Coffee is a proud recipient of the Specialty
Coffee of America Association's (SCAA's) 2008 Roasters Choice
Tasting Competition Gold Award. For more information, visit
http://www.cariboucoffee.com/. DATASOURCE: Caribou Coffee Company,
Inc. CONTACT: Holly Brochmann of Hope-Beckham Inc. for Caribou
Coffee, +1-404-604-2607, Web site: http://www.cariboucoffee.com/
Copyright
Caribou Coffee Company, Inc. (MM) (NASDAQ:CBOU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Caribou Coffee Company, Inc. (MM) (NASDAQ:CBOU)
Historical Stock Chart
From Jul 2023 to Jul 2024