Caribou Coffee appointed Scott Kennedy as president and CEO after a six month span as interim CEO, the company said in a press release Tuesday. He previously worked as chief financial officer at the coffee chain. He succeeds John Butcher, who stepped down from his post on March 14.
Kennedy has worked at the chain since 2019, when he joined as CFO. Before Caribou he spent 14 years in leadership positions at Target, with the last six years spent as president of financial and retail services. He also spent nearly 16 years at KPMG.
Under Kennedy, the chain will continue to grow. It opened its first standalone, company-owned Texas unit in June, with more plans for expansion in the Southeast. It also has been expanding within Florida, North Carolina, Georgia, Michigan, Ohio, Iowa, North Dakota, Wisconsin and Minnesota in recent years. The chain currently has over 800 units worldwide, according to the press release.
“Looking ahead, I see tremendous opportunity to accelerate our growth, expand our reach, and continue elevating what makes Caribou unique,” he said in a statement.
