Krispy Kreme Appoints Josh Charlesworth for the role of President and CEO

Krispy Kreme, Inc. (NASDAQ: DNUT), a globally recognized and cherished brand in the world of sweet treats, has announced the appointment of Josh Charlesworth as its President and Chief Executive Officer, effective from January 1, 2024. As part of the company’s well-planned succession strategy, Josh Charlesworth will take over from Michael Tattersfield, who has held the position of President and CEO since 2017.

Mr. Charlesworth brings with him extensive experience in managing consumer brands and has been serving as Krispy Kreme’s Global President and Chief Operating Officer since joining the company in 2017.

During his tenure, Tattersfield oversaw significant expansion and transformation, resulting in revenue growth from $550 million in 2016 to an expected $1.6 billion in 2023. Mr. Tattersfield will continue to contribute to Krispy Kreme by serving on the company’s Board, acting as a Senior Advisor and Krispy Kreme Ambassador, and maintaining a significant investment in the company.

Olivier Goudet, Chairman of Krispy Kreme’s Board of Directors, expressed appreciation for Michael Tattersfield’s leadership, which reinvigorated Krispy Kreme and shifted its focus from a complex, primarily U.S.-based, multi-product model to a more global, capital-efficient omni-channel approach. Goudet also welcomed Josh Charlesworth as the new CEO, acknowledging his vital role in Krispy Kreme’s growth over the past six years.

Mr. Charlesworth expressed his excitement at leading the Krispy Kreme team and emphasized their commitment to making delicious, fresh doughnuts available to consumers worldwide. He also thanked Michael Tattersfield for establishing a strong foundation for the brand’s future success.

Michael Tattersfield expressed confidence in the transition, praised the transformation of the Krispy Kreme brand and culture, and expressed gratitude to the Krispy Kreme team.

Josh Charlesworth has held various leadership positions within Krispy Kreme, including Chief Financial Officer, Chief Operating Officer, and Global President. He will be taking the helm during a period of strong growth for the company. Krispy Kreme has achieved four consecutive quarters of double-digit organic revenue growth by implementing its omnichannel sales strategy and asset-light distribution model, expanding its global presence. The company is reaffirming its full-year 2023 guidance and is on track to meet or exceed revenue and adjusted EBITDA expectations.

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