Krispy Kreme CFO Jeremiah Ashukian exits; shares down

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