New Jamba Whirl’d Support Center to be Located in Frisco, Texas
Company Announces Changes to its Organizational Structure and
EMERYVILLE, Calif.--(BUSINESS WIRE)--May 4, 2016--
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
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
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
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
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 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160504006688/en/
Source: Jamba, Inc.
Dara Dierks, 203-682-8200
Mike Fuccillo, 510-596-0100, X-7