WINSTON-SALEM, N.C. – Krispy Kreme Doughnuts, Inc. announced yesterday (Dec 17, 2014) that James H. Morgan, age 67, will transition from Executive Chairman of the Board of Directors of the Company to non-executive Chairman effective January 29, 2015.
Mr. Morgan served as President and Chief Executive Officer of the Company from January 2008 until June 2014. He has served on the Company’s Board of Directors since 2000 and has served as Chairman of the Board since 2005.
As part of its executive succession plan, the Company appointed Tony Thompson as its new President and Chief Executive Officer effective June 1, 2014, at which time Mr. Morgan became Executive Chairman. Mr. Morgan’s transition to non-executive Chairman completes the succession plan.
Robert S. McCoy, Jr. will continue as the Board’s lead independent director, a position he has held since 2008.
