Panera Bread Co.

Ron Shaich is the co-founder, Chairman and Chief Executive Officer of Panera Bread Company. Shaich began his career in the bakery-cafe industry in 1981, when he co-founded Au Bon Pain Co., Inc., the dominant operator within the French bakery-cafe category. In 1993, Shaich led Au Bon Pain's purchase of Saint Louis Bread Company and the comprehensive re-staging of Saint Louis Bread Co. Between 1993 and 1997, average unit volumes increased by 75 percent, and Saint Louis Bread Co. began its national expansion under the name Panera Bread Company. Shaich believed that in order for Panera Bread to reach its potential of being one of the leading brands in the nation, it would require all of the company's financial and management resources. In May 1999, Ron led the sale of all Au Bon Pain Co., Inc.'s business units, with the exception of Panera Bread, and renamed the company Panera Bread. Today, Panera Bread operates or franchises over 1020 bakery-cafes in 38 states delivering fresh, authentic artisan bread and cafe foods in an engaging environment on a national scale. System wide sales in 2006 are projected to exceed $1.94 billion. Shaich has received several national awards including 2004 Ernst & Young Entrepreneur of the Year national finalist and

Neal Yanofsky is Chief Executive Officer of Wireless Toyz, the largest multi-carrier wireless retailer in the country. Prior to joining Wireless Toyz in April, 2008, Yanofsky was President of Panera Bread, an operator and franchisor of more than 1200 bakery cafes and the definitive leader in the "quick casual" segment of the restaurant industry. Yanofsky joined Panera Bread in 2003. During his tenure with the company, Panera's system-wide sales tripled to over $2.5 billion. From 1999 to 2003, Yanofsky was an independent business consultant with a practice focused on strategy development for high growth firms, with Panera numbered among his clients. From 1990 to 1999, Yanofsky served at Fidelity Capital, the private equity arm of Fidelity Investments. As Vice President of Fidelity Ventures, he was one of two executives responsible for re-starting Fidelity's venture capital program, forming and managing a group investing predominantly in early-stage health care technology companies. An earlier role at Fidelity Capital included a stint as Chief Financial Officer of Boston Coach. Earlier in his career, Yanofsky was the senior marketing officer for Au Bon Pain, a chain of bakery cafes, during its period of most rapid growth, and was responsible for market development for Charrette Corporation, a distributor and retailer of art and architectural supplies. Yanofsky is a graduate of Harvard College and Harvard Business School, and was a postgraduate research fellow at London School of Economics. He teaches at the Simmons Graduate School of Management, serves on the board of directors of the West End House Boys and Girls Club, and is a member of the Collections Committee of the Harvard Art Museum. Yanofsky lives in the Boston area where he collects contemporary photography, is an admitted car nut, and loves music, particularly opera sung by his daughter and obscure rock bands discovered by his son.

Mark Borland joined Au Bon Pain Co., Inc. in 1986 and has held various management titles within Au Bon Pain Co., Inc. and Panera Bread, including Executive Vice President, Vice President of Retail Operations, Chief Operating Officer and President of Manufacturing Services. In his current role as Senior Vice President and Chief Supply Chain Officer, his responsibilities include management of all supply chain activities, including the fresh dough facilities, purchasing, and the retail baker group. Borland has also served as Senior Vice President of Operations at RetailDNA. Borland holds a Bachelor of Science degree in Management from Pepperdine University, and completed studies at the American Institute of Baking.

Mike Kupstas joined Panera Bread as Vice President of Operations (Company, Franchise and Retail Bakery) in January 1996. In June of 1999, he was promoted to Vice President, Franchising and Brand Communication. Kupstas continued in that role until his January 2002 promotion to Senior Vice President, Chief Franchise Officer. Prior to joining Panera Bread, Kupstas was a Senior Vice President/Division Vice President for Long John Silver's, Inc. He held several marketing positions with Long John Silver's before leading its largest division. Kupstas also held several marketing positions at the Red Lobster division of General Mills Restaurant Group, now Darden Restaurants. Kupstas holds a Bachelor of Science degree in Business Administration-Marketing from North Adams State College in Massachusetts.

Rebecca Fine joined Panera Bread in August 2004 as Senior Vice President and Chief People Officer. Fine brings more than 25 years of experience in the restaurant industry to her current role, overseeing all aspects of the company's human resources and people development functions. She is a member of the Society for Human Resource Management (SHRM), the Women's Foodservice Forum and the American Society for Training & Development (ASTD). Prior to joining Panera Bread, Fine served as Chief People Officer for Seed Restaurant Group, operator of Fazoli's Italian Restaurants. Previously, Fine has also held various positions for both Shoney's Inc. and Hardee's Food Systems, Inc. Fine attended the University of Missouri.

Scott Davis started with Au Bon Pain Co., Inc. as a Store Manager in 1987 and was promoted to District Manager the following year. In 1993 he became New Concept Manager, leading the development of the Au Bon Pain Co., Inc. Choices concept. Davis was enlisted to create a research and development group for Saint Louis Bread Co. in 1995 and was named Director of that department. In his current position as Senior Vice President and Chief Concept Officer, he spearheaded the creation of a new prototype bakery-cafe for Saint Louis Bread Co. in 1996 and is now working on the next generation bakery-cafe for Panera Bread. Davis is responsible for Panera customer experience projects. Davis holds an Associates degree of Applied Sciences in Computer Science from State University of New York, Mohawk Valley.

Tom Kish joined Panera Bread in April 2001 as Vice President and Chief Information Officer. In December 2004 Kish was promoted to Senior Vice President and Chief Information Officer. In his current role, Kish oversees Panera Bread Information Services, which includes Field Services, Technical Operations and Enterprise Systems. Prior to joining Panera Bread, Kish was Vice President, Information and Support Services for Papa John's International. Kish began his career with Arthur Andersen & Co. in their consulting practice. Kish holds a Bachelor of Science degree in Mechanical Engineering from the University of Texas at Austin.

As Executive Vice President, John Maguire provides executive oversight for company operations, development and retail bakery operations. Maguire joined Panera in 1994 and has held the positions of Director of Commissary Operations, Vice President of Commissary Operations, Vice President of Bakery Supply Chain, and Senior Vice President, Chief Company and Joint Venture Operations Officer. In April 2006, Maguire was named Executive Vice President. He brings more than 15 years of bakery experience to his current role. Prior to Panera, Maguire held various positions with Au Bon Pain Co., Inc. in the manufacturing division. Previously he was with Bread and Circus/Wholefood Supermarkets and Continental Baking Company. Maguire attended Kansas State University.

George E. Kane became Emeritus Director in May 2004 and had served as a Director since November 1988. Mr. Kane was also one of our Directors from December 1981 to December 1985 and a Director Emeritus from December 1985 to November 1988. Mr. Kane retired in 1970 as President of Garden City Trust Company (now University Trust Company) and served as Honorary Director of University Trust Company from December 1985 to January 2000.

Mr. Franklin has been the President and Chief Executive Officer of Franklin Sports, Inc., a leading sports equipment company, since 1986. Mr. Franklin joined Franklin Sports, Inc. in 1970 and served as its Executive Vice President from 1981 to 1986. Mr. Franklin currently serves on the Board of Directors of Bradford Soap International, Inc., The Sporting Goods Manufacturer's Association, The Retail Industry Leadership Association, and the New England chapter of the Juvenile Diabetes Research Foundation.