Krispy Kreme Elects New Chief Executive Officer

Krispy Kreme Doughnuts Inc. announced James Morgan, currently the company’s chairman, will take on the additional positions of president and chief executive officer. Morgan replaces Daryl Brewter, who resigned from the company, but will continue to remain an active employee until

Morgan said his position is not an interim one, and he will take on the role for the foreseeable future. A 25-year industry veteran, Morgan was elected chairman of the Krispy Kreme board in 2005. Prior to that, he served as chairman and chief investment officer of Covenant Capital, LLC, an investment firm that he founded. Previously, he served as chairman and CEO of Interstate/Johnson Lane, an investment banking and brokerage firm. Morgan has also served as chairman and CEO of Wachovia Securities.