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David A. Pace

Stocks in this article: JMBA

Jamba, Inc., (NASDAQ: JMBA), today announced the appointment by its Board of Directors of David A. Pace to the Board of Directors and to the Compensation and Executive Development Committee and the Nominating and Corporate Governance Committee of the Board of Directors, effective August 15, 2012.

David A. Pace

David A. Pace

“We are pleased to welcome Dave to our Board of Directors,” said James D. White, chairman, president and CEO, Jamba, Inc. “He has tremendous global leadership experience with some of America’s most successful organizations and will be a great addition to our board.”

Mr. Pace's experiences span a wide variety of industries including consumer products, retail, entertainment, application software, professional sports and e-commerce. He is currently the executive vice president and chief resource officer for Bloomin’ Brands Inc., the parent company for Outback, Carrabba's, Bonefish Grill, Roy’s, and Fleming’s Prime Steakhouse & Wine Bar.

Mr. Pace spent the formative years of his executive career with PepsiCo Inc. in four different operating divisions of the company. He was ultimately appointed senior vice president of Human Resources for YUM! Restaurant International, and is credited with being part of the leadership team that transformed the business from the worst performing division of PepsiCo to what is now the fastest growing, most profitable division of YUM! Brands.

Additionally, Mr. Pace served as executive vice president, Partner Resources with Starbucks Coffee Company. During his tenure, the company more than tripled in size from $3 billion in revenue to over $10 billion. Its store count grew from 5,000 to more than 15,000 entering more than 15 new countries, all while being recognized by Fortune Magazine as one of America’s Best Places to Work and one of America’s Most Admired Companies during each year of his tenure.

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