Jamba, Inc. : Board of Directors Appoint David A. Pace to Board of Directors
08/20/2012| 04:40pm US/Eastern
Jamba, Inc., (NASDAQ: JMBA), today announced the appointment by its
Board of Directors of David A. Pace to the Board of Directors and to the
Compensation and Executive Development Committee and the Nominating and
Corporate Governance Committee of the Board of Directors, effective
August 15, 2012.
David A. Pace
"We are pleased to welcome Dave to our Board of Directors," said James
D. White, chairman, president and CEO, Jamba, Inc. "He has tremendous
global leadership experience with some of America's most successful
organizations and will be a great addition to our board."
Mr. Pace's experiences span a wide variety of industries including
consumer products, retail, entertainment, application software,
professional sports and e-commerce. He is currently the executive vice
president and chief resource officer for Bloomin' Brands Inc., the
parent company for Outback, Carrabba's, Bonefish Grill, Roy's, and
Fleming's Prime Steakhouse & Wine Bar.
Mr. Pace spent the formative years of his executive career with PepsiCo
Inc. in four different operating divisions of the company. He was
ultimately appointed senior vice president of Human Resources for YUM!
Restaurant International, and is credited with being part of the
leadership team that transformed the business from the worst performing
division of PepsiCo to what is now the fastest growing, most profitable
division of YUM! Brands.
Additionally, Mr. Pace served as executive vice president, Partner
Resources with Starbucks Coffee Company. During his tenure, the company
more than tripled in size from $3 billion in revenue to over $10
billion. Its store count grew from 5,000 to more than 15,000 entering
more than 15 new countries, all while being recognized by Fortune
Magazine as one of America's Best Places to Work and one of America's
Most Admired Companies during each year of his tenure.
Mr. Pace has served as president of Jonathan's Stage, a not-for-profit
organization, since 2008 and serves on the board of UP2US, a national
not-for-profit focused on sports-based youth development. He has also
held the following board positions: University of Southern California,
Center for Effective Organizations, Director 2004 - 2008; Human
Resources Policy Association, Director 2003 - 2008; America SCORES,
Director 2003 - 2008; Cornell University - Center for Advanced Human
Resource Studies, Director 2002 - 2008; Starbucks Foundation, Director
2002 - 2008; and Taco Bell Foundation, Director 1994 - 1995.
Mr. Pace received his Bachelor of Science degree in Industrial and Labor
Relations from Cornell University. In 2005, he was elected a Fellow in
The National Academy of Human Resources for his extensive work in the
development of, and contributions to the profession in the disciplines
of organization and leadership development as well as culture and
workforce engagement. In 2007, Mr. Pace was named the Academy of
Management's Distinguished Executive of the Year. Mr. Pace and his wife
Patti currently reside in the Tampa area.
About Jamba, Inc.
Jamba, Inc. is a holding company which owns and franchises, on a global
basis, Jamba Juice stores through its wholly-owned subsidiary, 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, teas, hot
oatmeal, breakfast wraps, sandwiches and mini-wraps, California
Flatbreads?, frozen yogurt, and a variety of baked goods and snacks.
Jamba-branded products for at-home enjoyment are also available through
select retailers across the nation and in Jamba outlets. As of July 3,
2012, there were 783 store locations globally, consisting of 305
Company-owned and operated stores ("Company Stores") and 448
franchise-operated stores ("Franchise Stores") in the United States and
30 international stores ("International Stores"). 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).
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 the statements made under the
caption "Outlook for 2012" and any other 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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For Jamba, Inc.
Don Duffy, ICR
© Business Wire 2012