Today doughnut giant Krispy Kreme announced the appointment of Josh Charlesworth as chief executive officer, effective Jan. 1. Longtime CEO Michael Tattersfield, who has held the position since 2017, will remain on the company’s board and will transition to senior advisor and Krispy Kreme ambassador in the new year.
During his tenure, Tattersfield grew Crispy Kreme’s revenue from $550 million in 2016 to more than an expected $1.6 billion in 2023
Charlesworth most recently served as Krispy Kreme’s global president and chief operating officer after joining the company in 2017. He was also chief financial officer for a time.
Previously Charlesworth spent over 14 years at Mars, most recently as CFO and vice president global chocolate, and regional finance director and CFO, Wrigley Europe.
Krispy Kreme has delivered four consecutive quarters of double-digit organic revenue growth through the implementation of its omni-channel sales strategy and distribution model, according to a release. The company recently reported that net revenues increased 4.8% internationally from the same quarter a year ago, which Krispy Kreme attributed to increased pricing and points of access growth of 245 international locations.
Krispy Kreme already operates in more than 30 countries through its network of doughnut shops, partnerships with retailers, and ecommerce and delivery businesses.
The CEO announcement follows on the heels of the introduction of Krispy Kreme’s new coffee menu, with a full line of more than two dozen all-new hot, frozen and iced coffees. Krispy Kreme has also added oat milk to its menu.