Scott Livengood is the former CEO of Krispy Kreme

Krispy Kreme

Krispy Kreme is the name of an international chain of doughnut stores that was founded by Vernon Rudolph in 1937 in Winston-Salem, North Carolina. The parent company of Krispy Kreme is Krispy Kreme Doughnuts, Inc...

 Corporation, which makes doughnuts. A native of Salisbury, North Carolina

Salisbury, North Carolina

Salisbury is a city in Rowan County in North Carolina, a state of the United States of America. The population was 33,663 in the 2010 Census . It is the county seat of Rowan County...

, the University of North Carolina at Chapel Hill

University of North Carolina at Chapel Hill

The University of North Carolina at Chapel Hill is a public research university located in Chapel Hill, North Carolina, United States...

-educated man started working for Krispy Kreme in 1977, then a privately held company based in Winston-Salem, North Carolina

Winston-Salem, North Carolina

Winston-Salem is a city in the U.S. state of North Carolina, with a 2010 population of 229,617. Winston-Salem is the county seat and largest city of Forsyth County and the fourth-largest city in the state. Winston-Salem is the second largest municipality in the Piedmont Triad region and is home to...

. He was given the position of president of the company, moving to CEO in 1998, then Chairman of the Board

Chair (official)

The chairman is the highest officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office is typically elected or appointed by the members of the group. The chairman presides over meetings of the assembled group and conducts its business in an...

 in the following year. Livengood oversaw the IPO of Krispy Kreme on the NASDAQ

NASDAQ

The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...

, and the switch to the NYSE about a year later. 2005 saw the removal of Livengood from his position as the United States Securities and Exchange Commission

United States Securities and Exchange Commission

The U.S. Securities and Exchange Commission is a federal agency which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the United States...

 (SEC) investigated Krispy Kreme for accounting indiscretions. Following his resignation, Livengood remained involved with the company as a high paid consultant until new CEO, Stephen Cooper, ended this arrangement.

Livengood has three children and one stepchild and resides in Winston-Salem, North Carolina

Winston-Salem, North Carolina

Winston-Salem is a city in the U.S. state of North Carolina, with a 2010 population of 229,617. Winston-Salem is the county seat and largest city of Forsyth County and the fourth-largest city in the state. Winston-Salem is the second largest municipality in the Piedmont Triad region and is home to...

 with his wife and stepdaughter. He is the main sponsor of the Scott and Michelle Livengood Center at Forsyth Country Day School

Forsyth Country Day School

Forsyth Country Day School is an independent, coeducational, nonsectarian, college-preparatory day school, established in 1970, and located in Lewisville, North Carolina...

 in Lewisville, NC.

He is currently a named defendant in a large class action lawsuit against him and Krispy Kreme alleging misreporting of profit information. Livengood has also been named; Worst CEO of the Year (2004)" by Herb Greenberg of CBS MarketWatch. http://cbs.marketwatch.com/news/story.asp?dist=ArchiveSplash¶m=archive&siteid=mktw&guid=%7BB89707F9%2D8523%2D4C7F%2DAF96%2DE6C532C4B4BE%7D&garden=&minisite=