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Krispy Kreme names Price Cooper CFOKrispy Kreme names Price Cooper CFO

Former Texas Roadhouse CFO to depart for doughnut operator

Bret Thorn, Senior Food Editor

January 12, 2015

2 Min Read
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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.

Contact Bret Thorn at [email protected].
Follow him on Twitter: @foodwriterdiary

About the Author

Bret Thorn

Senior Food Editor, Nation's Restaurant News

Senior Food & Beverage Editor

Bret Thorn is senior food & beverage editor for Nation’s Restaurant News and Restaurant Hospitality for Informa’s Restaurants and Food Group, with responsibility for spotting and reporting on food and beverage trends across the country for both publications as well as guiding overall F&B coverage. 

He is the host of a podcast, In the Kitchen with Bret Thorn, which features interviews with chefs, food & beverage authorities and other experts in foodservice operations.

From 2005 to 2008 he also wrote the Kitchen Dish column for The New York Sun, covering restaurant openings and chefs’ career moves in New York City.

He joined Nation’s Restaurant News in 1999 after spending about five years in Thailand, where he wrote articles about business, banking and finance as well as restaurant reviews and food columns for Manager magazine and Asia Times newspaper. He joined Restaurant Hospitality’s staff in 2016 while retaining his position at NRN. 

A magna cum laude graduate of Tufts University in Medford, Mass., with a bachelor’s degree in history, and a member of Phi Beta Kappa, Thorn also studied traditional French cooking at Le Cordon Bleu Ecole de Cuisine in Paris. He spent his junior year of college in China, studying Chinese language, history and culture for a semester each at Nanjing University and Beijing University. While in Beijing, he also worked for ABC News during the protests and ultimate crackdown in and around Tiananmen Square in 1989.

Thorn’s monthly column in Nation’s Restaurant News won the 2006 Jesse H. Neal National Business Journalism Award for best staff-written editorial or opinion column.

He served as president of the International Foodservice Editorial Council, or IFEC, in 2005.

Thorn wrote the entry on comfort food in the Oxford Encyclopedia of Food and Drink in America, 2nd edition, published in 2012. He also wrote a history of plated desserts for the Oxford Companion to Sugar and Sweets, published in 2015.

He was inducted into the Disciples d’Escoffier in 2014.

A Colorado native originally from Denver, Thorn lives in Brooklyn, N.Y.

Bret Thorn’s areas of expertise include food and beverage trends in restaurants, French cuisine, the cuisines of Asia in general and Thailand in particular, restaurant operations and service trends. 

Bret Thorn’s Experience: 

Nation’s Restaurant News, food & beverage editor, 1999-Present
New York Sun, columnist, 2005-2008 
Asia Times, sub editor, 1995-1997
Manager magazine, senior editor and restaurant critic, 1992-1997
ABC News, runner, May-July, 1989

Education:
Tufts University, BA in history, 1990
Peking University, studied Chinese language, spring, 1989
Nanjing University, studied Chinese language and culture, fall, 1988 
Le Cordon Bleu Ecole de Cuisine, Cértificat Elémentaire, 1986

Email: [email protected]

Social Media:
LinkedIn: https://www.linkedin.com/in/bret-thorn-468b663/
Facebook: https://www.facebook.com/bret.thorn.52
Twitter: @foodwriterdiary
Instagram: @foodwriterdiary

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