Rob Hunt, joint managing director of Krispy Kreme, has stepped down from the doughnut retailer, to seek new opportunities, M&C Report understands.
Hunt led the £25m management buyout of Krispy Kreme, which was backed by Alcuin Capital Partners, with the group’s other joint managing Richard Cheshire in October 2011.
It is thought that his departure has seen Cheshire become sole managing director, with Robert Ledger joining the group as its new finance director.
Hunt had previously spent four years at Krispy Kreme as chief financial officer. He joined the group from Pfizer Consumer Health where he was finance director.
Ledger has recently been working as a consultant for small to medium sized business, but previous to that he was finance director at PowaKaddy, the Barclays-backed, golf equipment manufacturer and distributor.
The c50-strong Krispy Kreme is on track to open 14 new sites this year in the UK.
It opened its first Hotlight store in Scotland, earlier this year. It made its Scottish debut with the opening of a drive-thru site at the £4m Hermiston Gait Retail Park development in Edinburgh.
In June last year, the group announced plans to double its presence in the UK with the opening of 10 stores a year for the next five years, which will take its estate to nearly 100 by 2016.
