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    Josh Charlesworth

    President and CEO at Krispy Kreme Inc
    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 Inc

    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