WINSTON-SALEM, N.C., July 2 NC-Krispy-Kreme-elect
WINSTON-SALEM, N.C., July 2 /PRNewswire-FirstCall/ -- Krispy Kreme
Doughnuts, Inc. (NYSE: KKD) today announced that Cindy Bay, a veteran of the
QSR industry, has joined the Company as Senior Vice President of Company Store
Operations.
Bay has spent the greater part of her successful career with McDonald's
Corporation, one of the leading foodservice providers in the world, where she
advanced to Vice President of Operations overseeing more than $1.2 billion in
sales for 670 restaurants. Bay brings to the Company more than 25 years of
experience in multi-unit operations and training.
"We are pleased Cindy Bay, a special individual with an outstanding
background and track record at one of the world's premier quick service
restaurant operations, is joining the Krispy Kreme team," said Jim Morgan,
Chairman, President and Chief Executive Officer. "I am confident she will
have a major positive impact on our Company Store operations as we continue to
move forward in our ongoing transformation."
Bay commented, "I am extremely excited to be joining a company with an
iconic brand and a special history like Krispy Kreme. This is a great
opportunity for me to be part of the transformation of one of America's most
recognized organizations, and I'm eager to get started."
About Krispy Kreme
Krispy Kreme is a leading branded specialty retailer of premium quality
sweet treats, including its signature hot Original Glazed(R) doughnut.
Headquartered in Winston-Salem, NC, the company has offered the highest
quality doughnuts and great tasting coffee since it was founded in 1937.
Krispy Kreme is proud that for decades its Fundraising program has helped
non-profit organizations raise millions of dollars in needed funds. Today,
Krispy Kreme and its one-of-a-kind Hot Light can be found in approximately 470
locations around the world. Visit us at www.KrispyKreme.com.
Information contained in this press release, other than historical
information, should be considered forward-looking. Forward-looking statements
are subject to various risks, uncertainties and assumptions. Should one or
more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
anticipated, estimated or expected. Among the key factors that may have a
direct bearing on Krispy Kreme's operating results, performance or financial
condition are the outcome of pending governmental investigations, including by
the Securities and Exchange Commission (the "SEC") and the United States
Attorney's Office for the Southern District of New York; potential
indemnification obligations and limitations of our director and officer
liability insurance; the quality of Company and franchise store operations;
our ability, and our dependence on the ability of our franchisees, to execute
on our and their business plans; our relationships with our franchisees; our
ability to implement our international growth strategy; our ability to
implement our new domestic operating model and refranchising strategy;
currency, economic, political and other risks associated with our
international operations; the price and availability of raw materials needed
to produce doughnut mixes and other ingredients; compliance with government
regulations relating to food products and franchising; our relationships with
wholesale customers; our ability to protect our trademarks; risks associated
with our high levels of indebtedness; restrictions on our operations and
compliance with covenants contained in our secured credit facilities; changes
in customer preferences and perceptions; significant changes in our
management; risks associated with competition; and other factors discussed in
Krispy Kreme's Annual Report on Form 10-K for fiscal 2008 and other periodic
reports filed with the SEC.
SOURCE Krispy Kreme Doughnuts, Inc.
