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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?