Krispy Kreme Doughnuts, Inc. (NYSE: KKD) announced today that Price Cooper, age 43, will be joining Krispy Kreme as Executive Vice President later this month. Mr. Cooper will be appointed Chief Financial Officer following the Company’s filing of its Annual Report on Form 10-K in early April. Mr. Cooper will succeed Douglas R. Muir, who has served as Chief Financial Officer since June 2007 and who announced his retirement plans last year.
“We are excited to have Price join our team,” said Tony Thompson, President and Chief Executive Officer of Krispy Kreme. “His personal integrity, extensive restaurant experience, strategic perspective and financial expertise as a public company chief financial officer make him the ideal fit for Krispy Kreme. We again want to thank Doug Muir for his over ten years of service and for his assistance in transitioning responsibilities over to Price.”
Mr. Cooper previously served as chief financial officer of Texas Roadhouse, Inc. and prior to that was employed by Ruby Tuesday, Inc. Mr. Cooper has held various positions in finance, planning and accounting with over 18 years of finance and accounting experience including 14 years in the restaurant industry. He commented, “I am energized by the opportunity at Krispy Kreme. I am looking forward to joining Tony Thompson and the rest of the management team to help take this iconic brand to the next level.” Mr. Cooper is expected to begin his transition on February 2, 2015.
Krispy Kreme is a leading branded specialty retailer and wholesaler of premium quality sweet treats and complementary products, including its signature Original Glazed doughnut. Headquartered in Winston-Salem, NC, the Company has offered the highest quality doughnuts and great tasting coffee since it was founded in 1937. Today, there are over 925 Krispy Kreme shops in more than 20 countries around the world. Connect with Krispy Kreme at www.krispykreme.com.
