In the midst of corporate layoffs, the CEO of a Cumberland County-based doughnut chain resigned, according to Nation’s Restaurant News.
According to the article, Betsy Hamm just quit her job at Hampden Township’s Duck Donuts.
The number of workers affected by the layoffs was not disclosed by Duck Donuts, but the company claimed in a statement to Nation’s Restaurant News that it is still expanding and growing as a brand. This necessitates ongoing staff reallocation in order to adequately serve our franchise system.
In order to maintain the company’s growth trajectory, Duck Donuts also stated that jobs within the chain’s headquarters were reviewed and adjustments made.
The magazine received confirmation from a Duck Donuts representative that Hamm left the company. In 2021, when the business was purchased by a division of the Radner-based private equity firm NewSpring Capital, Hamm was named CEO.
Since the takeover, the chain seems to be in a strong financial situation. According to Nation’s, which cited data from Technomic Ignite, Duck Donuts’ unit count climbed 11.3% and its year-over-year sales increased 10% between 2022 and 2023.
Russ DiGilio developed Duck Donuts and set up shop in the Outer Banks of North Carolina.
In addition to 26 states and Puerto Rico, the business now operates more than 150 stores abroad in Thailand, Canada, Qatar, Curaao, Pakistan, the Philippines, and Egypt.
Serving as CEO for almost four years has been the greatest honor of my career, and I couldn’t be more proud of Duck Donuts’ progress, Hamm said on LinkedIn, according to Nation’s Restaurant News.
Stories by
Sue Gleiter