Donut chain Krispy Kreme named Josh Charlesworth, its current chief operating officer, as CEO to succeed Michael Tattersfield.
Krispy Kreme stock fell in premarket trading Monday after the donut chain announced it had a new CEO.
Charlesworth joined Krispy Kreme as in 2017, serving in various leadership roles including chief financial officer and global president. “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.”
Krispy Kreme reiterated its financial guidance for fiscal 2023 Monday. The company’s current guidance calls for revenue to range from $1.65 billion to $1.68 billion. Adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, will range from $205 million to $215 million.
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