Industry News | May 14, 2014

Coffee Bean & Tea Welcomes Two New Executives

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The Coffee Bean & Tea Leaf announced two new appointments to its executive team:  Karen Cate as CFO and Jeff Schroeder as vice president of operations.

Cate is responsible for all accounting, finance, treasury, and IT functions at The Coffee Bean & Tea Leaf. Her teams are focused on delivering value-added business successes that drive superior financial performance for the company. Prior to joining The Coffee Bean & Tea Leaf, Cate was the vice president, controller of Trader Joe’s Company, where she was responsible for the integrity of financial processes and reporting for the retail grocery store, warehouses, and distribution operations. She has also held financial management positions for Sun Microsystems Inc., Nestlé USA, and Avery Dennison Corporation.

As vice president of operations, Schroeder is responsible for the company’s domestic store operations, including company-owned and franchise store support; customer relations; operations services and training. Schroeder brings more than 30 years of experience with large multiunit operations in the restaurant industry. He has been involved in the rapid expansion of major restaurant organizations; most recently, Schroeder served as vice president of brewery restaurants for Karl Strauss Brewing Company. He also worked with Jack in the Box as division vice president and held operational management roles at McDonald’s, Wendy’s, and Arby’s.

“The momentum we’re generating at The Coffee Bean & Tea Leaf requires solid financial, technological and operations expertise. We searched extensively to find the most seasoned leaders in these fields and we’re proud to welcome Karen and Jeff. Their talent, experience and people-first orientation complement our existing leadership team, which further positions us to attain our goals for the coming years,” says president and CEO, John Dawson.

In September 2013, The Coffee Bean & Tea Leaf announced that Advent International, CDIB Capital, and Mirae Asset Private Equity joined together to acquire a significant equity position in the company. Dawson was appointed President and CEO of The Coffee Bean & Tea Leaf as of January 1. His background includes leadership positions at Dunkin’ Brands Group Inc., where he held various positions over the past eight years, most recently serving as the global development officer of Dunkin’ Donuts.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.