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[Capt_Nemo]

Six Krispy Kreme execs forced out

Unnamed officers depart under board pressure during investigation into accounting practices.
June 21, 2005: 10:53 AM EDT

CHICAGO (Reuters) - Krispy Kreme Doughnuts Inc. Tuesday said six officers have left the company under pressure from a board committee that is looking into accounting practices and other matters that are the subject of a federal probe.

The officers include four senior vice presidents and were in the areas of operations, finance, business development, and manufacturing and distribution, the company said. It did not identify them by name.

Shares of Krispy Kreme (down $0.35 to $7.32, Research) closed lower to end at $7.67 Monday.


http://money.cnn.com/2005/06/21/news/midcaps/krispy_officers/index.htm