KKD: Names Vice President U.S. Franchise Development

Winston-Salem / NC. (kkd) Krispy Kreme Doughnuts Inc., member of the South Korean Lotte Group, announced that Patricia Perry has joined the Company as its new Vice President of U.S. Franchise Development. In this role, Perry will coordinate completion of the Company´s domestic franchising plans and lead its domestic franchise recruiting efforts.

«Patricia is an industry professional who brings current, relevant QSR franchise development skills to Krispy Kreme», said Cindy Bay, Senior Vice President, U.S. Operations and Franchising. «We have expressed our intention to re-focus on domestic franchise growth at the appropriate time, and we are now ready to begin executing a focused strategy of franchise expansion in the United States».

Perry has ten years of experience in multi-unit restaurant franchise marketing, business development and restaurant operations, having spent much of her career with Church´s Chicken. She also owned her own restaurant, Jasabar Southern Cuisine Restaurant. As a former independent business owner, Perry has a unique understanding of what franchisees require in order to be successful.

President and Chief Executive Officer James H. Morgan commented: «The team we are building to grow our US franchise network is impressive. Patricia brings current knowledge of the franchise development market, along with years of restaurant experience, to our group of professionals led by Cindy Bay, a 30 year QSR veteran. We are delighted to have her join us». Krispy Kreme currently has 238 shops in the United States, 142 of which are franchised.

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