New Jamba Whirl’d Support Center to be Located
in Frisco, Texas
Company Announces Changes to its Organizational
Structure and Leadership Team
Jamba, Inc. (NASDAQ:JMBA) (“Jamba” or the “Company”), a
leading health and wellness brand, announced today its plans to
relocate its Company headquarters, currently in Emeryville,
California, to Frisco, Texas. The Company also announced changes to
its organization structure and leadership team.
New Jamba Whirl’d Support
Center
The Company’s move to Frisco, Texas, a North Dallas suburb, is
designed to better position the Company for sustainable, long-term
growth and thus better serve Jamba’s franchisees and customers.
Over the next six months Jamba will transition its California
Support Center operations to Frisco, which will serve as
headquarters for the Company’s operations, business development,
sales and marketing, finance, supply chain, technology, HR and
other corporate functions. Following this transition, Jamba will
close its Emeryville office.
“Jamba has pursued our vision to inspire and simplify healthy
living for 26 years, starting with a single juice shop in San Luis
Obispo, California, but as we continue to spread our healthy living
mission globally, it has become increasingly clear that a
relocation of our Support Center will better position the company
to extend our brand and continue to support our franchise partners
for the long term,” said David A. Pace, Chief Executive Officer of
Jamba, Inc.
“With the pending expiration of our lease in Emeryville at the
end of 2016, we explored a number of location options that would
offer us competitive operating costs, a region with extensive
access to skilled restaurant talent, an attractive cost of living
to our current and future team members and a geographical location
that facilitates our ability to expand our store base. The State of
Texas meets all of these criteria and Frisco is a community
committed to healthy living that aligns closely with our overall
mission,” said Pace.
Jamba’s new headquarters will be located in a LEED certified,
state-of-the-art facility in the Hall Office Park in Frisco. The
new “Jamba Whirl’d Center” will include 25,000 square feet of
office and collaboration space as well as a world-class test
kitchen for product innovation. This move will affect approximately
120 employees in Emeryville. Following the move, Jamba will employ
approximately 100 team members in Frisco, a mixture of team members
who relocate from Emeryville as well as newly hired team members in
Texas.
Jamba has 1,000 company employees in California; additionally
franchisee partners have more than 5,000 employees in 407 stores
across the state. The Company also intends to continue to open new
stores and increase jobs within the California market.
Organization Structure and Leadership Team
Changes
In addition to the relocation announcement, the Company
announced a restructuring of the overall organization and several
changes in leadership. These changes will ensure that the team will
be more tightly aligned to improve collaboration and coordination
as the Company increases its focus on supporting franchisees and
Company stores.
Karen Luey, Executive Vice President, Chief Financial and
Administrative Officer, has informed the company that she will not
be relocating to Texas with the move. Marie Perry will join the
organization later this month, and after a transitionary period
will succeed Karen as CFO. Karen will work with the Company and
Marie through the transition of financial and administrative
responsibilities to ensure a smooth and successful handover.
Marie was most recently Senior Vice President, Treasurer and
Controller at Brinker International. She has held roles leading all
aspects of the Brinker finance team including having served as
interim CFO during a 12 month period. She also held senior finance
roles at American Airlines and brings an extensive leadership
profile to the Jamba team. One of her immediate priorities will be
to establish the new finance team in Texas, where she currently
resides.
The Company also announced additional leadership changes:
- Steve Adkins, Senior Vice President of
Operations, will assume operations leadership for all store formats
including: traditional, non-traditional, express and JambaGo.
- Dale Goss, Senior Vice President of
Development, will be responsible for all real estate and business
development activities including new unit development, new
franchise development, and new account development
- Arnaud Joliff, Senior Vice President of
Supply Chain and IT, will add responsibility for the Company’s
international business along with his current supply chain and IT
organizations.
These moves follow the realignment of the Company’s New Ventures
team which will be absorbed into each of the organizations above.
Following a transition of responsibilities, Tom Madsen, Senior Vice
President of New Ventures, will leave the organization.
As was previously announced, current Chief Marketing Officer,
Julie Washington, will be leaving the organization at the end of
May and the search for her replacement is continuing.
“Karen, Julie and Tom have each been incredible assets to Jamba.
We appreciate their commitment to the Company and their assistance
with the upcoming transition,” continued Pace. “I believe the
leadership team we have assembled will help us to accelerate our
progress and the growth of this fantastic company. I welcome Marie
to the team and congratulate Steve, Dale and Arnaud on their
expanded leadership roles.”
The Company will review in more detail this relocation and
organizational changes on its first quarter 2016 earnings call to
be held at tomorrow, May 5, 2016 at 8:30am ET.
About Jamba, Inc.
Jamba, Inc., owns and franchises Jamba Juice® stores through its
wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company
is a leading restaurant retailer of better-for-you, specialty
beverage and food offerings, which include great tasting, whole
fruit smoothies, fresh-squeezed juices and juice blends, and a
variety of food items including, hot oatmeal, breakfast wraps,
sandwiches, Artisan Flatbreads™, Energy Bowls™, baked goods and
snacks. As of March 29, 2016, there were 885 store locations
globally. There were 68 Company-owned and operated stores and 752
Franchise-operated stores in the United States, and 65
Franchise-operated international stores. Jamba Juice Company
expanded the Jamba® brand by direct selling of consumer packaged
goods (“CPG”) and licensing its trademarks. CPG products for
at-home enjoyment are also available online, through select
retailers across the nation and in Jamba® outlets in the United
States.
Fans of Jamba Juice® can find out more about Jamba Juice's
locations as well as specific offerings and promotions by visiting
the Jamba Juice website at www.jambajuice.com or by contacting Jamba’s
Guest Services team at 1-866-4R-FRUIT (473-7848).
Forward-Looking Statements
This press release (including information incorporated or deemed
incorporated by reference herein) contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are those involving
future events and future results that are based on current
expectations, estimates, forecasts, and projections as well as the
current beliefs and assumptions of the Company’s management. Words
such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”,
“should”, “anticipates”, or the negative thereof or comparable
terminology, are intended to identify such forward-looking
statements. Any statement that is not a historical fact, including
estimates, projections, future trends and the outcome of events
that have not yet occurred, is a forward-looking statement.
Forward-looking statements are only predictions and are subject to
risks, uncertainties and assumptions that are difficult to predict.
Therefore actual results may differ materially and adversely from
those expressed in any forward-looking statements. Factors that
might cause or contribute to such differences include, but are not
limited to factors discussed under the section entitled “Risk
Factors” in the Company’s reports filed with the SEC. Many of such
factors relate to events and circumstances that are beyond the
Company’s control. You should not place undue reliance on
forward-looking statements. The Company does not assume any
obligation to update the information contained in this press
release.
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version on businesswire.com: http://www.businesswire.com/news/home/20160504006688/en/
ICRDara Dierks, 203-682-8200investors@jambajuice.comorJamba
JuiceMike Fuccillo, 510-596-0100, X-7Dir. Corporate
Communicationsmfuccillo@jambajuice.com
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