Ron Schaich, founder and executive chairman of Panera Bread Co., will become co-chief executive of the company with Bill Moreton, current president and CEO, the company said Thursday. Shaich will remain chairman and Moreton will retain his title as president of the 1,541-unit fast-casual bakery-café chain. “The transition to co-CEOs formalizes a relationship that has evolved over the last year, and is a reflection of the way in which Shaich and Moreton have been operating ...

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