US doughnut maker Krispy Kreme has announced the appointment of Michael Phalen as chief financial officer, effective 5 January 2004.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company has been looking for a new CFO since April, when it appointed Randy Casstevens chief governance officer. Casstevens has been carrying out the duties of CFO since his appointment, but has now decided to resign from the company, which he joined in 1993.


Phalen joins Krispy Kreme from CIBD World Markets, where he served as an executive director of corporate finance.


The company also named Sherry Polonsky senior vice president, finance. Polonsky was promoted from vice president, finance, reported Dow Jones.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now