Krispy Kreme, Inc., the globally renowned purveyor of delectable sweet treats, recently announced the appointment of Josh Charlesworth as its President and Chief Executive Officer, effective January 1, 2024. He took the reins from Michael Tattersfield, who had successfully led the company as President and CEO since 2017.
Charlesworth, having served as global president and chief operating officer since June 2022, will continue in his role as president while taking on the additional responsibilities of CEO. In this capacity, he will oversee all of the company's core markets, spanning the United States, the United Kingdom, Ireland, Australia, New Zealand, and Mexico, along with managing the company's IT and supply chain teams. His leadership has been instrumental in driving the expansion of Krispy Kreme's global footprint and growth strategy.
Bringing a wealth of experience in managing consumer brands, Charlesworth has been an integral part of the company since 2017. Prior to joining the iconic doughnut brand, he spent nearly 15 years with Mars, Inc., holding various roles, including CFO, vice president of global chocolate, regional finance director, and CFO for Wrigley Europe and Wrigley Germany.
A graduate of The London School of Economics and Political Science with a bachelor's degree in economics and economics history, Charlesworth's diverse background has contributed to his success in navigating the complexities of the global consumer goods industry.
Olivier Goudet, chairman of Krispy Kreme's board of directors, expressed excitement about Charlesworth's appointment, highlighting his critical role in the company's growth over the last six years. Goudet anticipates that Charlesworth will lead the company into its next chapter of success and value creation.
In response, Charlesworth expressed his enthusiasm for leading the Krispy Kreme team, emphasizing the company's commitment to providing delicious, fresh doughnuts to consumers worldwide. He acknowledged the strong foundation laid by Michael Tattersfield, expressing gratitude for the former CEO's contributions to the brand's success.
Charlesworth, who has held key leadership positions within Krispy Kreme, including Chief Financial Officer, Chief Operating Officer, and Global President, assumes leadership during a period of robust growth for the company. The company has achieved four consecutive quarters of double-digit organic revenue growth, driven by the implementation of its omnichannel sales strategy and an asset-light distribution model, facilitating the expansion of its global presence.
As Charlesworth takes the helm, Krispy Kreme is reaffirming its full-year 2023 guidance and remains on track to meet or exceed revenue and adjusted EBITDA expectations. The company looks set to continue its sweet success under the leadership of its new CEO.