Caribou Coffee appointed Scott Kennedy to serve as its president and chief executive officer. Kennedy previously served as Caribou’s chief financial officer and was appointed to the role of interim CEO in March 2025.

Before joining Caribou, Kennedy spent 14 years in executive positions at Target Corporation, the last six years as president, financial and retail services. Earlier, he spent more than 15 years at KPMG, with the last two years as partner.

“Caribou Coffee is a beloved brand with a strong foundation of exceptional products and a welcoming coffeehouse experience. Looking ahead, I see tremendous opportunity to accelerate our growth, expand our reach, and continue elevating what makes Caribou unique. I'm excited to partner with our talented team to seize these opportunities and deliver even greater value to our guests and stakeholders,” Kennedy said in a statement announcing his appointment.