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Corner Bakery Cafe names former YUM exec as new CFO


Dallas -- Corner Bakery Café has named Salil Bapat as CFO, effective immediately. Bapat previously was CFO for YUM Brands' Latin America and Caribbean region.

"We were very deliberative and diligent in our six-month search for a new CFO, and Salil was, by far, the most impressive candidate we interviewed," says Gary Price, president of Corner Bakery Cafe. "It was important that we chose an executive that understood our company's culture and had the experience needed to lead Corner Bakery Cafe's financial strategy.”

Corner Bakery Cafe has an aggressive growth plan; more than 180 company-owned and franchise cafes are currently open, and there are franchise agreements in place representing commitments for 340 more units. It was acquired in 2011 by Roark Capital Group, an Atlanta-based private equity firm that specializes in business and consumer service companies with attractive growth prospects and revenues ranging from $20 million to $1 billion.

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