Krispy Kreme CPO Theresa Zandhuis to retire March 31, 2026; director Gordon von Bretten resigns

Krispy Kreme, Inc.

Theresa Zandhuis, Chief People Officer, retiring effective March 31, 2026; transition includes 12-month base salary of $550k.
Separation agreement provides for 12 months COBRA premiums (tax-grossed up) and pro-rata equity vesting through effective date.
Retention award granted July 14, 2025 will be forfeited; vested stock options expire 90 days after effective date at $14.61 exercise.
Gordon von Bretten resigned from Board on Jan 31, 2026 after appointment as Coty President; no disagreement with company.

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