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Josh Charlesworth

President and CEO at Krispy Kreme
Since January 1, 2024
Age
49 years
Education
Holds a B.Sc. in Economics from the London School of Economics and is a member of the Chartered Institute of Management Accountants.
Tenure
Joined DNUT in April 2017, serving in roles such as CFO, Corporate Secretary, COO, and Global President before being promoted to President and CEO on January 01, 2024.

Also at Krispy Kreme

AY
Angela Yochem
Chief Information Officer
DS
David Skena
Chief Brand Officer
JRL
Javier Rancaño Lassala
President, U.S.

About

Josh Charlesworth, aged 49, brings a wealth of leadership and operational expertise to Krispy Kreme (DNUT). He has a strong foundation in finance and management, having earned his B.Sc. in Economics from the London School of Economics and developed further credentials as a member of the Chartered Institute of Management Accountants.

Before rising through the ranks at DNUT, Charlesworth built a robust career with diverse executive roles. His strategic contributions include a significant tenure at Mars, Incorporated where he served as Global CFO of Mars Chocolate, laying the groundwork for his future successes in the industry.

At DNUT, his career trajectory has been marked by rapid progression and a series of high-impact leadership positions. Beginning his journey in April 2017, he has served as CFO, Corporate Secretary, COO, and Global President, with his most recent appointment as President and CEO on January 01, 2024. His visionary approach has been pivotal in steering the company toward operational efficiency and global growth, embodying a blend of financial acumen and strategic foresight.

$DNUT Performance Under Josh Charlesworth

Past Roles

OrganizationRoleDate RangeDetails
Krispy Kreme (DNUT)Global President June 2022 – December 2023 Held before becoming President & CEO
Krispy Kreme (DNUT)Chief Operating Officer May 2019 – December 2023 Held before becoming President & CEO
Krispy Kreme (DNUT)Chief Financial Officer April 2017 – January 2023 Held before becoming President & CEO
Krispy Kreme (DNUT)Corporate Secretary July 2018 – August 2020 Held before becoming President & CEO
Mars, IncorporatedGlobal Chief Financial Officer of Mars Chocolate January 2015 – April 2017 Held before joining DNUT

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$950,000 Annual2023 Base Salary
All Other Compensation$2,190 AnnualNo detailed breakdown provided

Performance Compensation

Data from  FY 2023

Annual Incentive Plan (AIP)

Performance MetricThresholdTargetMaximumActual PerformancePayout Percentage
Net Revenue Growth3.6% 9.0% 14.5% 10.2% 107%
Adjusted EBITDA Growth0.0% 10.1% 16.7% 11.0% 108%
Points of Access Growth>13,100 >13,100 >13,100 19.4% 100%
  • Target (% of Base Salary): 80% resulting in a target amount of $760,000.
  • Total Payout Amount: $874,000.
  • Evaluation Period: Fiscal 2023.
  • Vesting: No vesting schedule; payouts are cash-based following fiscal year performance.

Long-Term Incentive Plan (LTIP)

DetailValue
Grant DateMay 9, 2023
Total Grant Value$750,000
Split50% Performance Shares and 50% RSUs
Grant Date Stock Price$15.20
Grant Date Fair Value$750,028
Performance Shares Granted24,672 shares
RSUs Granted24,672 shares
Vesting (Performance Shares)Vests upon performance certification over a 3-year performance period (2023–2025)
Vesting (RSUs)60% on May 9, 2026; 20% on May 9, 2027; 20% on May 9, 2028
Performance MetricsNet Revenue Growth, Adjusted EBITDA Growth, and Points of Access
Evaluation Period2023–2025