Press release
Krispy Kreme Promotes Josh Charlesworth to CEO
Longtime CEO Michael Tattersfield to Remain on the Board and Transition to Senior Advisor and Krispy Kreme Ambassador, Effective January 1, 2024 CHARLOTTE,
About this update from Krispy Kreme, Inc.
[{"type":"text","content":"\nLongtime CEO Michael Tattersfield to Remain on the Board and Transition to Senior Advisor and Krispy Kreme Ambassador, Effective January 1, 2024\n\n\n CHARLOTTE, N.C.--(BUSINESS WIRE)--\nKrispy Kreme, Inc. (NASDAQ:DNUT) today named Josh Charlesworth as President and Chief Executive Officer, effective January 1, 2024. Mr. Charlesworth brings decades of experience overseeing consumer brands, and most recently served as Krispy Kreme’s Global President and Chief Operating Officer after joining the company in 2017.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230924332628/en/Josh Charlesworth named Krispy Kreme CEO, effective January 1, 2024 (Photo: Business Wire)\nAs part of the company’s succession plan, Mr. Charlesworth will succeed Michael Tattersfield, who has held the role since 2017 and led a significant expansion and transformation, resulting in revenue growing from $550 million in 2016 to more than an expected $1.6 billion in 2023. Mr. Tattersfield will remain on the Krispy Kreme Board, serve as a Senior Advisor and Krispy Kreme Ambassador, and continue to be a significant investor in the company.\n\n\n\"Today, we celebrate the transformation of Krispy Kreme under Mike’s leadership, as it grew from a complex, multi-product primarily-US model to a more global, capital efficient hub-and-spoke omni-channel model, focused on delivering fresh, awesome doughnuts, all while nearly doubling the adjusted EBITDA of the business,” said Olivier Goudet, Chairman of Krispy Kreme’s Board of Directors. “Mike re-ignited the iconic Krispy Kreme magic, and we are grateful he has decided to stay on the Board and be an ambassador for Krispy Kreme. At the same time, we are incredibly excited to appoint Josh to CEO as he has played a critical role in Krispy Kreme’s growth for the last six years and will now lead the company’s next chapter of success and value creation.”\n\n\n“I couldn’t be happier to transition the CEO role to Josh,” said Mr. Tattersfield. “Transforming the Krispy Kreme brand and culture has been a highlight of my career, and I am truly grateful for our amazing Krispy Kremers who continue to inspire me. Josh’s shared passion for the brand, our Krispy Kremers, and freakin’ awesome doughnuts gives me the utmost confidence in our continued success and I look forward...