Krispy Kreme Doughnuts Inc.

James H. Morgan has been a director since July 2000 and was elected Chairman of the Board of Directors in January 2005. On January 6, 2008, Mr. Morgan was appointed as the Company's President and Chief Executive Officer. Mr. Morgan served as Vice Chairman of the Board of Directors from March 2004 to January 2005. Since January 2001, Mr. Morgan served as Chairman and Chief Investment Officer of Covenant Capital, LLC, an investment management firm, which is the General Partner of The Morgan Crossroads Fund. Covenant Capital, LLC and The Morgan Crossroads Fund are now inactive. Previously, Mr. Morgan served as a consultant for Wachovia Securities, Inc., a securities and investment banking firm, from January 2000 to May 2001. From April 1999 to December 1999, Mr. Morgan was Chairman and Chief Executive Officer of Wachovia Securities, Inc. Mr. Morgan was employed by Interstate/Johnson Lane, an investment banking and brokerage firm, from 1990 to 1999 in various capacities, including as Chairman and Chief Executive Officer, and led the transition during the merger of Interstate/Johnson Lane and Wachovia Corporation in 1999. Mr. Morgan currently serves on the Board of Directors of Coca-Cola Bottling Co. Consolidated, the nation's second largest Coca-Cola bottler.

Jeffrey B. Welch has served as Senior Vice President and President of International Store Operations and Development since August 2007. He joined the Company as Senior Vice President of International and Development in April 2004. Prior to that, he was Vice President of Real Estate International with The Home Depot, Inc. from September 1999 to April 2004. From 1991 to 1999, Mr. Welch held various positions with Yum! Brands, Inc., the most recent being Vice President of Franchising and Business Development for Europe, Africa and the Middle East.

Douglas R. Muir was appointed Executive Vice President and Chief Financial Officer in June 2007. He joined Krispy Kreme as Chief Accounting Officer in June 2005. Mr. Muir had been a consultant to the Company since December 2004. From 1993 to 2004, he held various senior financial management positions with Oakwood Homes Corporation, including Executive Vice President and Chief Financial Officer. Prior to joining Oakwood Homes, he had a 17-year career at Price Waterhouse, including as an audit partner from 1988 to 1993. Mr. Muir is a certified public accountant.

M. Bradley Wall has served as Senior Vice President of Supply Chain and Off-Premises Sales since April 2008. Prior to that, Mr. Wall served as Senior Vice President Supply Chain from February 2007 to April 2008, Vice President of Manufacturing Operations from July 2005 to February 2007, Vice President of Beverage Operations from February 2004 to July 2005 and Vice President of Business Development from February 2003 to February 2004. Prior to that, he held various management positions in our Business Development and Financial Planning and Analysis Department. Mr. Wall joined Krispy Kreme in July 1995 as a systems analyst.

Cindy Bay has served as Senior Vice President of Company Store Operations since July 2008. Formerly, she served in various management capacities within McDonald's Corporation from 1981 to 2006, where she gained extensive leadership experience in multi-unit operations, training and franchising. Most recently, Ms. Bay was Vice President of Operations, Training and Franchising at McDonald's Corporation from 2003 to 2006.

Darryl R. Marsch has served as Senior Vice President, General Counsel and Assistant Secretary since September 2008. Mr. Marsch joined Krispy Kreme in May 2007 as Vice President and Associate General Counsel. In January 2008, Mr. Marsch was appointed to the additional office of Assistant Secretary. Prior to that, Mr. Marsch was Senior Counsel for R.J. Reynolds Tobacco Company from November 1998 to May 2007. From September 1991 to October 1998, Mr. Marsch was an associate at the law firm of Jones Day in Washington, D.C.

Kenneth J. Hudson has served as Senior Vice President of Human Resources and Organizational Development since February 2005. He joined Krispy Kreme in October 2003 as Vice President of Human Resources. From January 2000 to August 2003, Mr. Hudson was Vice President of Human Resources at Lexington Home Brands. Prior to joining Lexington Home Brands, he had general management experience in operations and human resources in various public and privately-held companies, including Delta Airlines, Thomas Built Busses, Blessings Corporation and General Electric Company. Through these different company assignments, Mr. Hudson developed expertise in new business start-up in Europe and the United States, and domestic and international mergers and acquisitions.

M. Bradley Wall has served as Senior Vice President of Supply Chain and Off-Premises Sales since April 2008. Prior to that, Mr. Wall served as Senior Vice President Supply Chain from February 2007 to April 2008, Vice President of Manufacturing Operations from July 2005 to February 2007, Vice President of Beverage Operations from February 2004 to July 2005 and Vice President of Business Development from February 2003 to February 2004. Prior to that, he held various management positions in our Business Development and Financial Planning and Analysis Department. Mr. Wall joined Krispy Kreme in July 1995 as a systems analyst.

Stanley L. Parker has served as Senior Vice President of Marketing, Company Stores and Associate Franchisees since January 2008. Formerly, Mr. Parker was Senior Vice President of Strategic Marketing and Senior Vice President of Marketing. He joined Krispy Kreme as Vice President of Marketing in August 1998. Prior to that, he was Vice President of Marketing at Sara Lee Corporation where he worked in various marketing and strategic planning roles.

Steven A. Lineberger has served as Senior Vice President and President of U.S. Store Operations since August 2007. He served as Senior Vice President of Strategic Growth Initiatives from February to August 2007. Mr. Lineberger joined Krispy Kreme as Vice President of Brand Development in August 2006. Prior to joining Krispy Kreme, he was Chief Operating Officer of First Presbyterian Church in Winston-Salem, North Carolina from June 1999 to May 2006. Prior to that, he was a senior executive at Sara Lee Corporation, where he worked for 17 years in various marketing and general executive management roles, leading highly integrated manufacturing and supply chain operations across numerous facilities and multiple countries, including as President and CEO of Sara Lee Casualwear and Footwear from 1994 to 1999.

Thomas C. McNeil has served as Senior Vice President of Safety and Risk Management since 1994. Mr. McNeil has held various financial positions, including Senior Vice President of Finance, in addition to positions in the Purchasing and Distribution Department and Information Services Department. He joined Krispy Kreme as a field internal auditor in October 1974.

C. Stephen Lynn has been a director since June 2007. Mr. Lynn currently serves as Chairman of Cummings Incorporated, a fully integrated provider of branding services to national and regional accounts, of which he is majority owner. In addition, Mr. Lynn is Chief Executive Officer of Back Yard Burgers, Inc., a quick service restaurant chain privately held by BBAC, LLC, an investment partnership formed in October 2005 of which Mr. Lynn is Chief Executive Officer and a Director. Previously, Mr. Lynn served as Chairman and Chief Executive Officer of Shoney's, Inc. from 1995 to 1998. From 1983 to 1995, Mr. Lynn served as Chairman and Chief Executive Officer of Sonic Corporation. From 1981 to 1983, Mr. Lynn served as Vice President and Chief Operating Officer of Burtson Corporation (The Warehouse Restaurants). Before joining Burtson Corporation, Mr. Lynn was a Vice President at Century 21 Real Estate Corporation in Irvine, California from 1978 to 1981. Mr. Lynn was the Director of the Distribution Division at Kentucky Fried Chicken Corporation from 1973 to 1978. Prior to that, Mr. Lynn was an Industrial Engineer with Brown and Williamson Corporation.

Lizanne Thomas has been a director since October 2004. Ms. Thomas has been practicing law since 1982 and currently is a senior corporate partner with the law firm of Jones Day in Atlanta, Georgia. Ms. Thomas currently serves as Partner-in-Charge of Jones Day's Atlanta office.

C. Stephen Lynn has been a director since June 2007. Mr. Lynn currently serves as Chairman of Cummings Incorporated, a fully integrated provider of branding services to national and regional accounts, of which he is majority owner. In addition, Mr. Lynn is Chief Executive Officer of Back Yard Burgers, Inc., a quick service restaurant chain privately held by BBAC, LLC, an investment partnership formed in October 2005 of which Mr. Lynn is Chief Executive Officer and a Director. Previously, Mr. Lynn served as Chairman and Chief Executive Officer of Shoney's, Inc. from 1995 to 1998. From 1983 to 1995, Mr. Lynn served as Chairman and Chief Executive Officer of Sonic Corporation. From 1981 to 1983, Mr. Lynn served as Vice President and Chief Operating Officer of Burtson Corporation (The Warehouse Restaurants). Before joining Burtson Corporation, Mr. Lynn was a Vice President at Century 21 Real Estate Corporation in Irvine, California from 1978 to 1981. Mr. Lynn was the Director of the Distribution Division at Kentucky Fried Chicken Corporation from 1973 to 1978. Prior to that, Mr. Lynn was an Industrial Engineer with Brown and Williamson Corporation.