US-based doughnut and coffeehouse chain Krispy Kreme has named Josh Charlesworth as its new president and CEO.

Charlesworth has been associated with the company since 2017, serving as its global president and chief operating officer.

He has been promoted and will assume the new role on 1 January 2024, succeeding Michael Tattersfield, who has held the role since 2017.

Krispy Kreme Board of Directors chairman Olivier Goudet said: “Today, we celebrate the transformation of Krispy Kreme under Mike’s leadership, as it grew from a complex, multi-product, primarily US model to a more global, capital-efficient hub-and-spoke omnichannel model, focused on delivering fresh, awesome doughnuts, all while nearly doubling the adjusted EBITDA of the business.

“Mike re-ignited the iconic Krispy Kreme magic and we are grateful he has decided to stay on the board and be an ambassador for Krispy Kreme. At the same time, we are incredibly excited to appoint Josh to CEO as he has played a critical role in Krispy Kreme’s growth for the last six years and will now lead the company’s next chapter of success and value creation.”

Tattersfield will remain on the board and transition to senior advisor and Krispy Kreme ambassador.

Charlesworth said: “The opportunity to lead such an incredible Krispy Kreme team is both an honour and a privilege.

“Together, we will continue to make fantastic, fresh doughnuts conveniently available to more and more consumers around the world. I want to thank Mike for the strong foundation he has built as we pursue our goal to become the world’s most loved sweet treat brand.”