Early Life and Education
Ronald Mark Shaich was born on December 30, 1953, in Newark, New Jersey, to Joseph and Pearl Shaich. He graduated from Livingston High School in 1971 and attended Clark University, earning a B.A. in government and politics in 1976. He furthered his education with an MBA from Harvard Business School in 1978. Shaich also holds an honorary Doctor of Humane Letters degree from Clark University, awarded in 2014.
Rise to Success
Shaich's entrepreneurial journey began at Clark University, where he ran a convenience store. After earning his MBA, he held various positions, including Eastern Regional Manager for The Original Cookie Company. In 1981, Shaich co-founded Au Bon Pain Co. Inc. He then led the conversion of Au Bon Pain into bakery cafes, expanding the company rapidly.
Key Business Strategies
In 1993, Shaich acquired the St. Louis Bread Company, later transforming it into Panera Bread. Under his leadership, Panera Bread became a leading fast-casual chain, known for its quality food and welcoming atmosphere. A key strategy was the creation of a "third place"—a space between home and work where customers could gather. Shaich also prioritized transparency, implementing clean menus and rapid pickup options. He is recognized for continually disrupting industry paradigms to find new ways to build companies of value and with values.
Philanthropy
Shaich is also involved in philanthropy, particularly through the Panera Bread Foundation. While specific amounts are difficult to ascertain, Shaich's initiatives reflect a commitment to making a difference in people's lives, reflecting his values.
