US fast-casual restaurant chain Panera Bread has appointed Earl Ellis as its new chief financial officer (CFO), effective immediately.

Ellis will become a member of the company’s executive leadership team and report to CEO Paul Carbone.

Carbone stated: “Earl is a proven finance leader who blends disciplined financial stewardship with an owner’s mindset.

“He has scaled complex, multi-brand organisations, led successful transformations, and developed high-performing teams. His experience will help accelerate our plan to strengthen the core business, elevate the guest experience, and drive long-term, profitable growth. Panera is entering a defining phase of evolution, building on our strong foundation, leaning into what makes this brand beloved, and sharpening our focus on the future.”

Before joining Panera, Ellis was executive vice-president and CFO at ABM Industries.

His previous senior finance roles include positions at Coca‑Cola, Campbell Soup Company, Kraft Foods, Best Buy and Canadian Tire.

Earl Ellis stated: “I am honoured to join Panera at such an energising moment for the brand.

“Panera’s strong foundation, iconic reputation and passionate teams create an extraordinary platform for growth. I look forward to partnering with Paul and the leadership team to advance our strategy, invest with rigour and deliver sustainable long-term growth that benefits our team members, guests, franchisees and stakeholders.”

Ellis assumes the position previously held by Megan Mikolaichik, who became CFO in January 2025 when Carbone advanced to the CEO role.

In May 2025, Panera Brands appointed José Cil as chairman of its board of directors.

The restaurant chain includes Panera Bread, Caribou Coffee, Einstein Bros Bagels and regional brands.