Global InformationRon Shaich information
Ron Shaich | |
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| Born | December 30, 1953 Newark, New Jersey, U.S. |
| Education |
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| Occupation(s) | Businessman, entrepreneur, investor, author |
| Years active | 1978–present |
| Known for | Au Bon Pain: Co-Chairman 1981–1999; CEO 1984–1999
Panera Bread: Founder, Chairman and CEO 1999–2010 & 2013–2017; Executive chairman 2010–2012; Chairman and Co-CEO 2012–2013 Act III Holdings: CEO and Managing Partner 2018–present (Chairman, Cava; Chairman, Tatte; Chairman, Life Alive; Chairman, Level99) |
| Title | CEO and Managing Partner (Act III Holdings) |
| Website | ronshaich |
Ronald M. Shaich (born December 30, 1953) is an American businessman, entrepreneur, investor, and best-selling author who co-founded and built Au Bon Pain Inc., and later, founded Panera Bread, both of which he served as CEO and chairman.[1] Under Shaich's leadership, from 1997 to 2017, Panera Bread was the best-performing public restaurant stock, performing two times better than Starbucks, six times better than Chipotle, and performing 44 times better than the S&P 500 with 25% annualized returns.[2][3] Shaich sold Panera Bread for $7.5 billion in 2017.[4]
Shaich is credited with helping create the fast-casual segment.[5] As of 2024, the fast-casual segment of the restaurant industry is generating well in excess of $300 billion in sales.[6][7]
He currently serves as CEO and Managing Partner of Act III Holdings, a $1 billion+ evergreen investment firm that he founded in 2018 with approximately $250 million of his and his partners money.[8][9] Shaich is the current chairman and lead investor in Act III's portfolio companies – Cava, Tatte Bakery & Café, Life Alive, and Level99.[10][11]
During his career, Shaich was a public company CEO for 27 years, and was involved in taking three different restaurant brands public—Au Bon Pain, Panera, and Cava.[12]
On October 24, 2023, Shaich released his first book, Know What Matters: Lessons from a Lifetime of Transformations, in which he “provides a roadmap for individuals and organizations to find purpose, make meaningful contributions, and prioritize what truly matters.”[13] It is a Wall Street Journal, USA Today and Porchlight best seller.[1][14]
- ^ a b "Best-selling Booklist". USA TODAY. Retrieved 2023-12-08.
- ^ Ron Shaich, Founder of Panera Bread | Conscious Corporate Finance | 2017 CEO Summit, retrieved 2023-12-08
- ^ "FactSet, Relative stock price performance indexed from 1/1/97 to 3/28/17". Factset.
- ^ Staff (February 14, 2018). "Restaurant Business names Panera Bread's Ron Shaich 2018 Restaurant Leader of the Year". Restaurant Business. Retrieved 2023-12-08.
- ^ Horovitz, Bruce (2019-07-05). "Panera Founder Ron Shaich Bakes A Tasty Third Act". Investor's Business Daily. Retrieved 2023-12-08.
- ^ "Father of Fast Casual on a Lifetime of Lessons Learned – Bloomberg". www.bloomberg.com. Retrieved 2023-12-08.
- ^ "Panera Bread's Ron Shaich: The father of fast-casual dining". Yahoo Finance. 2024-01-11. Retrieved 2024-01-19.
- ^ Primack, Dan (June 20, 2023). "Cava is Panera founder Ron Shaich's next act". Axios. Retrieved December 8, 2023.
- ^ Escobar, Sabrina. "Panera's Founder Backed an IPO Smash. What He's Investing in Now". barrons. Retrieved 2023-12-08.
- ^ "Author Talks: Ron Shaich on leadership lessons | McKinsey". www.mckinsey.com. Retrieved 2023-12-08.
- ^ "Panera Founder Has Quietly Launched a Fast-Casual Empire from Boston". www.yahoo.com. 2018-10-17. Retrieved 2023-12-08.
- ^ Alsever, Jennifer (October 24, 2023). "Ron Shaich's Panera changed how America eats. Now he wants to transform your life". Fast Company. Retrieved December 8, 2023.
- ^ Predin, Josipa Majic. "5 Leadership Lessons For CEOs From Ron Shaich's Book 'Know What Matters'". Forbes. Retrieved 2023-12-08.
- ^ "Bestselling Books Week Ended October 28". WSJ. Retrieved 2023-12-08.