Crown Bakeries Announces Leadership Changes for Future Growth
Company - People | Jan 29, 2025 | Arbor Private Investment Co LP
Crown Bakeries, a prominent manufacturer known for its diverse range of baked goods, has revealed significant changes in its leadership team. With Founder Cordia Harrington transitioning from CEO to Co-Chairperson, the company is set for strategic growth with Yianny Caparos stepping into the CEO role. The leadership transition accompanies other critical appointments, including Doug Bame as President, Scott Shelley as Chief Operating Officer, and Kandy Grenier as Chief People Officer. These changes are underpinned by Arbor Investments’ vision, as Crown Bakeries continues to expand its presence in the baking industry through innovative projects and facility enhancements. The leadership, all esteemed members of the American Society of Baking Hall of Fame, are focused on maintaining the company's reputation for excellence and planning future growth initiatives. Arbor Investments, which owns Crown Bakeries, specializes in acquiring leading firms in food, beverage, and related sectors.
Sectors
- Food Manufacturing
- Private Equity
Geography
- United States – Both Crown Bakeries and Arbor Investments operate within the United States, specifically highlighting Nashville, Tennessee, as a key location.
Industry
- Food Manufacturing – Crown Bakeries operates within the food manufacturing sector, specifically focusing on baked goods such as croissants, buns, bagels, and biscuits.
- Private Equity – Arbor Investments is a private equity firm involved in the ownership and strategic direction of Crown Bakeries, indicating the role of private investments in the sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Crown Bakeries | Target company | Company | A leading bakery manufacturer of croissants, buns, bagels, biscuits, and other baked goods. |
| Arbor Investments | Owner | Company | A specialized private equity firm focusing on the food, beverage, and related industries. |
| Cordia Harrington | Co-Chairperson | Person | Founder of Crown Bakeries transitioning from the role of CEO to Co-Chairperson. |
| Yianny Caparos | Chief Executive Officer | Person | Newly appointed CEO of Crown Bakeries, leveraging customer relationships and operational expertise. |
| Doug Bame | President | Person | Former Chief Operating Officer now serving as President, focusing on executing Crown's growth strategy. |
| Scott Shelley | Chief Operating Officer | Person | Promoted from Senior Vice President of Operations to the role of COO. |
| Kandy Grenier | Chief People Officer | Person | Former Vice President of Human Resources, now serving as Chief People Officer to foster a supportive workplace. |
| Carl Allegretti | Co-Chairperson at Crown Bakeries | Person | President of Arbor Investments and Co-Chairperson at Crown Bakeries. |