Krispy Kreme CFO Jeremiah Ashukian exits; shares down

Krispy Kreme

03/07/2025 17:02

** Shares of doughnut chain Krispy Kreme DNUT.O down as much as 5.7% at $3.25

** CFO Jeremiah Ashukian is departing to pursue an opportunity with a private company; DNUT appoints insider Raphael Duvivier as CFO, effective July 11

** Duvivier, currently president of international segment at co, has also previously served as Krispy Kreme's chief financial and strategy officer, international, and chief development officer

** DNUT recently withdrew fiscal 2025 forecasts due to macroeconomic softness

** Up to last close, DNUT had fallen 65% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))