• January 8, 2008

Krispy Kreme Doughnuts CEO Daryl Brewster has resigned and is being replaced by board of directors chair James Morgan.

Brewster came on board in March 2006, assigned to turn the company around. But allegations of mismanagement, healthier food trends and tougher competition have caused the company to struggle. Quarterly sales were down in December.

Also on Monday, Krispy Kreme said all of its products sold in the United States now have zero grams of trans fat.

--Nina M. Lentini