WINSTON-SALEM, N.C. — Anthony N. “Tony” Thompson will replace James H. Morgan as president and chief executive of Krispy Kreme Doughnuts Inc., the company announced Tuesday.
Morgan, 66, will continue as Krispy Kreme’s executive chairman.
Thompson, 47, was most recently the president and chief operating officer of Papa John’s International Inc., based in Louisville, Ky. According to the company’s proxy statement for the 2013 fiscal year, Thompson earned $1.77 million, which is $323,229 more than in 2012 when he held only the COO title.
Thompson will start at Krispy Kreme on June 1 and is expected to be appointed to the company’s board of directors. He has more than 25 years experience in food service, grocery products and beverage, including positions with The Scotts Miracle-Gro Co., Conagra Grocery Products Co. and Gulf Coast Coca Cola.
“All of us in the Krispy Kreme family are excited to have Tony Thompson joining us as our chief executive officer and president,” Morgan said in a news release. “Tony’s background, accomplishments, professionalism and commitment to excellence all are a perfect complement to the culture, mission and values of Krispy Kreme.”
Morgan said he looked forward to working with Thompson and believes he is the ideal person to lead Krispy Kreme to greater success.
Thompson said he is excited to become part of the Krispy Kreme family.
“In Krispy Kreme, I found the right combination of culture, an iconic brand, and a shared long-term vision,” he said in the news release.