Krispy Kreme Doughnuts, Inc. (Nasdaq: KREM ) announced yesterday that Margaret Urquhart will step down as President of Krispy Kreme Stores North America and transition into a consulting role with the Company. ``We are grateful to Margaret for her contributions since joining Krispy Kreme. While I regret losing Margaret's presence day to day, I am pleased we will continue to have her on an as needed basis,'' commented Scott Livengood, the Company's Chairman, President and CEO.