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Krispy Kreme Doughnuts, Inc.Today announced the following changes in its Board of Directors and transitions in the Chief Financial Officer and General Counsel positions.
Robert L. (Bob) Strickland has retired from the Krispy Kreme Board of Directors effective immediately preceding the Annual Meeting of Shareholders on June 4, 2007. Mr. Strickland has served on Krispy Kreme’s Board of Directors for more than eight years and was elected Vice Chairman in 2005.
The Company also announced that its Board of Directors nominated two industry veterans, Lynn Crump-Caine and C. Stephen Lynn, to the Krispy Kreme Board of Directors for election at the June 4 Annual Meeting of Shareholders.
Ms. Crump-Caine is currently the Chief Executive Officer of OutsideIn Consulting, an organizational performance and strategy development consulting firm she founded in 2004. Previously, she worked for McDonald’s Corporation for over thirty years, and held several executive positions within McDonald’s, including Executive Vice President of U.S. Restaurant Systems and Executive Vice President of Worldwide Systems.
Mr. Lynn currently serves as Chairman of Cummings Inc., a fully integrated provider of branding services to national and regional clients. Previously, he served as Chairman and Chief Executive Officer of Shoney’s Inc., and Chairman and Chief Executive Officer of Sonic Corporation.
“We cannot adequately thank Bob Strickland for his many years of dedicated service to Krispy Kreme,” said Daryl Brewster, President and Chief Executive Officer of Krispy Kreme. “His commitment to this Company has been outstanding, and we appreciate his leadership as a Director.”
“As we go forward, having restaurant industry veterans with decades of experience like Lynn and Steve join our Board of Directors will add a wealth of expertise to an already strong group of corporate leaders,” Mr. Brewster added.
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