Krispy Kreme adds Big Tobacco execs to overcome accounting mess

Krispy Kreme adds Big Tobacco execs to overcome accounting mess
Tags: Coffee/Bakery/Donut, Legal Issues
October 18, 2006

Associated Press: Nearly two years after its stock collapsed amid an accounting fiasco, Krispy Kreme Doughnuts Inc. faces a host of lawsuits, a criminal investigation and declining sales. Meanwhile, efforts are under way in New York and Chicago to ban trans-fats, a key ingredient of its famous doughnuts. To stop the bleeding, Krispy Kreme named Charles A. Blixt, a former executive vice president and general counsel at Reynolds American Inc., as its new general counsel. A week later, the company appointed Andrew J. Schindler, the retired chairman of Reynolds American, to its board of directors.