Texas Roadhouse Inc. chief financial officer Price Cooper has resigned to join Krispy Kreme Doughnuts Inc., the parent of the Louisville, Ky.-based steakhouse chain said Monday.
Winston-Salem, N.C.-based Krispy Kreme said Cooper would join the doughnut chain as executive vice president later this month, and would be named chief financial officer after the company files its annual report and form 10-K in early April.
Cooper will replace Douglas Muir, who was Krispy Kreme’s CFO since June 2007, and announced his retirement last year. Muir was previously Krispy Kreme’s chief accounting officer, and began consulting for the company in November 2004.
Texas Roadhouse president Scott Colosi will act as that company’s interim CFO. He served as CFO from 2002 until he was named president in 2011.
“We are excited to have Price join our team,” Krispy Kreme president and chief executive Tony Thompson said in a press release. “His personal integrity, extensive restaurant experience, strategic perspective and financial expertise as a public company chief financial officer make him the ideal fit for Krispy Kreme. We again want to thank Doug Muir for his over 10 years of service and for his assistance in transitioning responsibilities over to Price.”
“We have been blessed to have Price as part of our team for the past eight years,” Colosi said in a release. “We are sad to lose him and we wish Price and his family the best of luck.”
Krispy Kreme reaffirmed its guidance Monday for the full fiscal year, based on results through December, of between $28 million and $30 million, or between 41 cents and 44 cents per share.
For fiscal 2016, it projected net income of between $35 million and $37 million, or between 50 cents and 54 cents per share.
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