Krispy Kreme Doughnuts Inc., based out of Winston-Salem, will have a new president and CEO.
Anthony N. Thompson will begin his new role as the company’s CEO beginning on June 1. Thompson is replacing James H. Morgan, but Morgan will still stay with the company as executive chairman.
Morgan, 66, was appointed Krispy Kreme’s CEO in 2008.
Anthony “Tony” Thompson, 47, was most recently the president and chief operating officer of Papa John’s International Inc.
Thompson, a native of Baltimore, received his Bachelor’s degree in economics from Louisiana State University in 1995. After receiving his degree, he began climbing ladders in the business world.
Thompson began working for Papa John’s International Inc. in 2006. Before he became the company’s chief operating officer, Thompson held various positions for the company, each one increasing his responsibility.
Thompson was also president of PJ’s Food Service Inc., and he has had leadership roles at other well-known companies such as Coca-Cola and Scott’s Miracle-Gro.
Krispy Kreme Doughnuts’ revenue has been on the rise as of late thanks, in part, to the addition of their beverage menu. According to a recent report, their fiscal fourth quarter profit more than tripled.