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Non-Tech : EINSTEIN/NOAH BAGEL (ENBX)
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To: SeanS who wrote (120)4/30/1998 10:19:00 PM
From: Michael Berkowitz  Read Replies (1) of 148
 

Thursday April 30, 7:00 pm Eastern Time
Company Press Release
ENBC Announces Management Change
GOLDEN, Colo.--(BUSINESS WIRE)--April 30, 1998--Einstein/Noah Bagel Corp. (NASDAQ-NMS: ENBX - news) today announced the resignation of Jeffrey L. Butler, president, from the company and the board of directors to pursue other interests.

ENBC CEO Bob Hartnett will assume the responsibilities of president.

''I have devoted a great deal of time and energy to reshaping the company putting it in a strong position to be successful,'' Butler said. ''Bob Hartnett recently assumed the duties of CEO. I am confident that he will do a fine job leading the organization and that there is no need for both of us to be here now.''

''Having worked with Jeff for almost 15 years, I regard him not only as a colleague but as a personal friend,'' said Scott Beck, ENBC chairman. ''Jeff has invested himself both personally and professionally in the ENBC business and I admire his dedication and commitment. We will miss him and wish him every success in the future.''

''Jeff has done a great deal toward putting this company in a strong competitive position,'' said Hartnett, ENBC CEO. ''We appreciate Jeff's efforts and his leadership.''

Golden-based Einstein/Noah Bagel Corp. is the nation's leading bagel retailer with more than 550 stores in 29 states and the District of Columbia. The company owns and operates retail bagel stores under two primary brand names: Einstein Bros.(R) Bagels and Noah's New York Bagels(R).

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