Panera Bread Co. co-chief executive Ron Shaich said Wednesday that the company’s senior management is strong and will continue its strategies when co-CEO Bill Moreton steps down in August. St. Louis-based Panera said Tuesday that Moreton, co-CEO and president of the chain since March 2012, would transition to the role of executive vice chairman on Aug. 1. Shaich will again become sole chief executive, a role he has held before. Shaich and Moreton discussed the executive move, ...

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