Krispy Kreme Inc. has promoted Josh Charlesworth to president and CEO, effective Jan. 1, to succeed Michael Tattersfield in the role, the company said Monday.

The Charlotte, N.C.-based company said Charlesworth most recently served as Krispy Kreme’s global president and chief operating officer. He joined the company in 2017.

As part of the company’s succession plan, Charlesworth will succeed Tattersfield, who has held the role since 2017. Tattersfield will remain on the Krispy Kreme board, serve as a senior adviser and Krispy Kreme Ambassador, and remain a significant investor, the company said.

“Today, we celebrate the transformation of Krispy Kreme under Mike’s leadership, as it grew from a complex, multi-product primarily U.S. 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, in a statement. “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.”

Tattersfield added: “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 to watching all he’ll accomplish.”

Charlesworth has served in various Krispy Kreme leadership roles, including chief financial officer, COO and global president.

“The opportunity to lead such an incredible Krispy Kreme team is both an honor and a privilege,” Charlesworth said. “Together, we will continue to make fantastic, fresh doughnuts conveniently available to more and more consumers around the world. I want to thank Mike for the strong foundation he has built as we pursue our goal to become the world’s most loved sweet treat brand.”

Through its omnichannel strategy, Krispy Kreme has nearly 13,000 points of access, through shops, partnerships and delivery, in more than 30 countries.

Original Article:
[H/T] RestaurantBusinessOnline.com