Michael J. Tattersfield (BS'87)
Academy of Alumni Fellows 2014
Michael “Mike” Tattersfield joined Caribou Coffee Company in August of 2008 as the President and Chief Executive Officer. In this capacity, Mike has full responsibility for the overall performance of Caribou Coffee Company. He ensures continued growth by overseeing the operation of approximately 600+ gourmet coffeehouses; growing the domestic, international franchise and commercial channel business; and strategically developing and differentiating the Caribou Coffee Company brand and culture. Mike leads more than 4,800 Caribou Coffee team members and is accountable to the Joh. A. Benckiser (JAB) Board of Directors. He recently led the transition from a public company to a private company and helped drive a greater than 10 times increase in the company’s market capital.
Prior to joining Caribou Coffee Company, Mike developed a proven track record as an accomplished executive. His career spans approximately 20 years of leadership achievements in finance, operations and general management within the restaurant and specialty retail industries, and he has extensive experience working both domestically and internationally. Most recently, Mike served as Chief Operating Officer and Executive Vice President of lululemon athletica, a yoga-inspired athletic apparel company based in Vancouver, British Columbia. For almost two years, he was instrumental in leading lululemon athletica through a period of impressive growth during which a 130 percent revenue increase was attained. During his tenure, Mike also led the development of an operational strategy that resulted in consistent performance across all stores; he created a multiyear development pipeline and a real estate strategy which resulted in impressive returns on investment and sales per square foot. Mike also was instrumental in the company’s successful initial public offering that took place in 2007.
Prior to his executive role with lululemon athletica, Mike was Vice President and Enterprise Head of Store Operations for The Limited Brands, which operates 2,900+ stores throughout North America. From 2005 to 2006, he was the senior operating officer responsible for full strategic planning and performance execution of a $6 billion revenue function within the Limited Brands Enterprise.
Prior to that, Mike spent 13 years and held various operations, finance, branding and franchise leadership positions with YUM! Brands. From 2003 to 2005, he was President of A&W All-American Food Restaurants, where he had P&L management responsibility for the $250 million restaurant brand. In this capacity, he provided strategic leadership for the repositioning of the 85-year-old brand, the creation of new growth opportunities, and the management of operations of the more than 1,000 associates throughout the United States. From 1999 to 2002, Mike was Managing Director and Chief Executive Officer of Puerto Rico for Kentucky Fried Chicken (KFC), Taco Bell and Pizza Hut restaurants. In this capacity he had full P&L management responsibilities for this $200 million international division of YUM! Restaurant brands, and oversaw the 5000+ associates in the 100% wholly owned KFC, Pizza Hut and Taco Bell corporate restaurants throughout Puerto Rico, USVI and Venezuela. Prior to that, he was Chief Financial Officer/Development Director and head of operations for the YUM! Restaurant Brands of KFC and Pizza Hut in Mexico.
Mike is a member of the National Restaurant Association and the Specialty Coffee Association of America. He is also a member of the Board of Directors of The Peter Piper Pizza Company and Allina Health System, which is one of the nation’s leading health systems and includes some of the top hospitals and centers of excellence in the industry with more than 24,000 employees and over $3 billion in revenue.
Mike holds a Master of Business Administration from Harvard University and a Bachelor of Science in Accounting from the Kelley School of Business. He lives in Minneapolis with his wife, Christine, and their two daughters. He enjoys running, reading, coaching and skiing, and spending time with his family and animals.