Industry News | September 11, 2008

Caribou Names New CFO

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Caribou Coffee Company, Inc. (Nasdaq: CBOU), appointed Timothy J. (Tim) Hennessy chief financial officer yesterday.

Hennessy's career spans 20 years with key leadership positions in finance, strategic planning, acquisitions and accounting. He most recently was executive vice president and chief financial officer for Carlson Wagonlit Travel, a leading European-based global travel management company, providing more than $25 billion in travel-related services with 22,000 employees and operations in more than 150 countries and territories (including franchise partners).

Hennessy also served as CFO-Americas and vice president, group controller during his tenure at Carlson Wagonlit Travel. Before that, Hennessy worked in acquisitions and strategic planning for Carlson Companies Inc., a global company in the hospitality, marketing, and travel industries and worked nine years with the international public accounting and consulting firm now known internationally as Deloitte Touche Tohmatsu.

Hennessy holds a B.S. in business administration/accounting from the University of Wisconsin-Oshkosh and an M.B.A. in Finance/Marketing/Policy Studies from the University of Chicago.

"Tim brings a wealth of experience and knowledge to Caribou Coffee and will be a key part of our management team going forward," says Mike Tattersfield, Caribou Coffee president and CEO. "His financial discipline coupled with his multiunit experience will be key for our growth going forward."