27 Jun '14, 6pm
BREAKING: Co-CEO Rob Buono Is Stepping Down At Intelligentsia @intelligentsia #buono
Today Intelligentsia Coffee Inc. announced the completion of a transition plan by naming James McLaughlin as President, succeeding Rob Buono, the current Co-CEO and President. The appointment is effective July 2, 2014. Before serving in his current role as Chief Operating Officer, Mr. McLaughlin was the company’s Director of Green Coffee and General Counsel. During Mr. Buono’s tenure the company’s profit increased 61 percent, it entered the New York City retail market and a national wholesale and distribution strategy was developed and implemented. Mr. Buono will remain available until year’s end to facilitate the transition. Doug Zell will continue in his role as Co-Founder and become Chairman. Emily Mange, also a company Co-Founder, will continue in her retail operations role. Mr. Buono will return to real estate development and managing his organic vegetable farm.