- After seven years in the position
- Accolades, praise and thanks for Tattersfield
- Josh Charlesworth taking over
- Tattersfield said 71 words
(exechange) — Charlotte, North Carolina, September 25, 2023 — Mike Tattersfield, chief executive of Krispy Kreme, leaves his position. As announced by Krispy Kreme Inc. in a news release on Monday, September 25, 2023, Michael (Mike) Tattersfield leaves his post as chief executive officer at the doughnut company and coffeehouse chain, after seven years in the role, effective December 31, 2023.
Mike Tattersfield’s duties as CEO will be taken over by Joshua (Josh) Charlesworth, currently Global President and Chief Operating Officer at Krispy Kreme Inc.
No reason given
In the announcement, Krispy Kreme did not explicitly explain the reason for the move.
Precise information regarding Mike Tattersfield’s future plans was not immediately available.
Krispy Kreme said: “As part of the company’s succession plan, Mr. Charlesworth will succeed Michael Tattersfield, who has held the role since 2017 and led a significant expansion and transformation, resulting in revenue growing from $550 million in 2016 to more than an expected $1.6 billion in 2023.”
Share price increase since September 2022
The announcement follows an increase in Krispy Kreme Inc.’s share price of 9% since September 2022.
In the position of CEO since 2017
Mike Tattersfield became CEO of the Company in 2017.
Tattersfield will remain on the Krispy Kreme Board, serve as a Senior Advisor and Krispy Kreme Ambassador, and continue to be a significant investor in the company.
Michael Tattersfield has served as a member of the Company’s Board since September 2016.
He currently serves as the Company’s President and Chief Executive Officer, a position he has held since January 2017.
Prior to joining Krispy Kreme, Tattersfield served as the Chief Executive Officer and President of Caribou Coffee Company from August 2008 to July 2017.
He served as the Chief Executive Officer of Einstein Bros. Bagels Franchise Corporation from February 2016 to July 2017, and Chief Executive Officer of Einstein and Noah Corporation, as well as Chief Executive Officer of Manhattan Bagel Company from January 2015 to July 2017.
Tattersfield holds an MBA from Harvard and a B.S. in Accounting from Indiana University.
71 words by Mike Tattersfield
In the release announcing his departure as CEO of Krispy Kreme Inc., Mike Tattersfield received accolades, praise and thanks.
In announcing his departure, Mike Tattersfield said 71 words.
Mike Tattersfield stated: “I couldn’t be happier to transition the CEO role to Josh. Transforming the Krispy Kreme brand and culture has been a highlight of my career, and I am truly grateful for our amazing Krispy Kremers who continue to inspire me. Josh’s shared passion for the brand, our Krispy Kremers, and freakin’ awesome doughnuts gives me the utmost confidence in our continued success and I look forward to watching all he’ll accomplish.”
Push-out Score for Mike Tattersfield’s move determined
The Push-out Score indicates on a scale of 0 to 10 how likely it is that Mike Tattersfield was pushed out or felt pressure to leave his position.
exechange reached out to Krispy Kreme and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 40.2023 ($).