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The Coffee Bean & Tea Leaf adds new CFO

May 3, 2012

The Coffee Bean & Tea Leaf has named John Theuer as its new chief financial officer, reporting directly to president and CEO Mel Elias. In his new role, Theuer will oversee the accounting, finance, treasury and IT departments for the Los Angeles-based specialty coffee and tea retailer. He will be responsible for all aspects of the company’s financial plans, policies, general accounting, budgeting and growth planning.

Theuer joins the The Coffee Bean & Tea Leafafter spending 16 years with the Panda Restaurant Group, which operates Panda Express and sister concepts Panda Inn and Hibachi San. His most recent role there was chief financial officer and he was an instrumental part of the senior management team that spearheaded the expansion of Panda Express from 90 units to more than 1,300 company-owned stores across the United States, with annual revenue of over $1.4 billion. Theuer’s prior experience includes manager of International Accounting & Administration in the Consumer Products Division at the Walt Disney Company as well as controller for Acapulco Restaurants, manager of Business Systems Development for Hilton Hotels Corporation and auditor/sr. consultant in Management Advisory Services for Deloitte and Touche.

Theuer is a Certified Public Accountant (CPA) and Certified Management Accountant (CMA) in the State of California, and holds an MBA and Bachelor of Arts in Accounting from Michigan State University.

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