News

Former Krispy Kreme CEO transitions to non-executive chairman

December 17, 2014

Krispy Kreme Doughnuts announced that former CEO James H. Morgan, 67, will transition from executive chairman of the board of directors to non-executive chairman, effective Jan. 29.

Morgan served as president CEO 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, Krispy Kreme appointed Tony Thompson as its new president and CEO effective June 1, 2014, at which time Morgan became executive chairman. 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.

"We are grateful to Jim for his exceptional stewardship of the company and for his tireless service as an executive officer since 2008. His many accomplishments over the past seven years are well known. Jim's transition to non-executive chairman is a natural evolution of his role at Krispy Kreme, and we are appreciative of his ongoing commitment to the business as the leader of our board of directors," McCoy said in a news release.