Krispy Kreme Doughnuts, Inc. (NYSE:KKD) today announced that its Board of Directors has elected Daryl G. Brewster to the position of President and Chief Executive Officer, effective immediately.
Mr. Brewster, who most recently served as President of Kraft's $6 billion North America Snacks & Cereals Sector, will replace Stephen F. Cooper, who has served as Krispy Kreme's Chief Executive Officer on an interim basis since January 2005. Mr. Brewster also will serve as a member of Krispy Kreme's Board of Directors.

"We are delighted to welcome Daryl as Krispy Kreme's new President and Chief Executive Officer," said James H. Morgan, Krispy Kreme's Chairman of the Board. "Daryl is a world class executive with over 23 years of experience in the food industry. Throughout his distinguished career, Daryl has developed extensive knowledge, both domestically and internationally, in the areas of brand development, business strategy, sales and marketing, and distribution. He brings with him not only a wealth of practical know-how, but also a solid understanding of the opportunities, as well as the challenges, currently facing Krispy Kreme."

"I am honored to be joining Krispy Kreme at this very important time in the Company's history," said Mr. Brewster. "Krispy Kreme has made steady progress in its turnaround and I am confident that it has a solid future of growth and profitability. I look forward to working together with the Company's dedicated and talented employees and franchisees to ensure that Krispy Kreme realizes its full potential as one of the nation's most well- known and beloved brands."