Industry News | September 24, 2008

New Executives at Corner Bakery Cafe

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Corner Bakery Cafe announced today that it has added three new members to its executive team. Richard Peabody joins Corner Bakery as chief financial officer, Paul Hicks has been promoted to vice president of operations services, and Joe Webb has been promoted to vice president of operations.

Peabody joins Corner Bakery Cafe as chief financial officer and will oversee the financial performance of the company in addition to its information technology initiatives. He has extensive experience in the restaurant industry, with a strong foundation in franchising, a key area of growth for Corner Bakery Cafe.

Peabody comes to Corner Bakery from Taco Bueno Restaurants, L.P., where he served as Executive Vice President and Chief Financial Officer. He also served as CFO for Romacorp, Inc., of Dallas, and Checkers Drive-In Restaurants, Inc./Rally’s Hamburgers, Inc. of Tampa, Florida.

Paul Hicks joined Corner Bakery Cafe in 1998 as a restaurant manager, and was promoted to General Manager in 1998 and Area Director in 2001. Prior to his promotion to Vice President of Operations Services, he served the company as Senior Director of Operations and Director of Catering. As Vice President of Operations Services, Paul will oversee all operational initiatives from a corporate perspective, collaborating with all home office departments and the Operations Leadership Team to ensure that all initiatives are well-defined and appropriate processes are in place. Prior to joining Corner Bakery Cafe, Hicks served as District Manager for Einstein Brothers Bagels.

Joe Webb has been with Corner Bakery Cafe since 1998, and has served as General Manager, Area Director, and Regional Director for the Dallas, Chicago and California markets. He has consistently improved the performance of the restaurants under his supervision and guidance, and has extensive experience in restaurant operations and staff performance. In his new role, Webb will have operational responsibility for more than 100 restaurants with average annual sales volumes of over $2.3 million.

Prior to joining Corner Bakery Cafe, Webb served as Regional Director of Operations for Boston Market, BCBM Southwest.