MINNEAPOLIS Michael Coles has stepped down as chairman and chief executive of Caribou Coffee Co., the coffeehouse operator said Tuesday. The company has named board member Gary Graves non-executive chairman and Rosalyn “Roz” Mallet interim CEO, effective immediately. Coles, who will remain a director, had been chairman since 2005 and CEO since 2003. Caribou’s stock closed at $5.15 on Monday, less than half of its closing price of $12.02 on the day the company completed its initial ...
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Contact: Desiree Torres Desiree.Torres@penton.com