By Colin Kellaher

Krispy Kreme's top finance executive, Jeremiah Ashukian, is leaving the doughnut maker to pursue an opportunity with a private company.

Krispy Kreme on Thursday said Raphael Duvivier, who has served as president, international, since January, will succeed Ashukian as chief financial officer on July 11.

The departure of Ashukian, who joined Krispy Kreme as executive vice president and chief financial officer in January 2023, comes on the heels of the Charlotte, N.C., company's break-up with fast-food giant McDonald's.

Krispy Kreme last week said it would no longer sell its doughnuts at McDonald's restaurants because the partnership forged last year wasn't helping its bottom line.

Duvivier joined Krispy Kreme in 2019.

Krispy Kreme also said David Skena, who has served as chief growth officer since January, is leaving to pursue another opportunity.

Alison Holder, who has spent more than two decades with the company and has been chief product officer since January, will take on the expanded role of chief brand and product officer, assuming responsibility for the company's global marketing initiatives, Krispy Kreme said.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 03, 2025 08:22 ET (12:22 GMT)

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