Krispy Kreme Doughnuts CEO Daryl Brewster has resigned.
The company said Monday that Brewster left his position for personal reasons but will stay with the company until the end of January.
The board of directors has elected Chairman James Morgan to replace him.
Brewster was named CEO in March 2006 to help lead Krispy Kreme through a turnaround, but the company has continued to struggle. In December, the company said its quarterly sales tumbled and it expected more franchised store closures ahead.
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