Enron's turnaround leader in bankruptcy to take over as troubled

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Enron's turnaround leader in bankruptcy to take over as troubled Krispy Kreme's CEO
By TOM FOWLER
Jan 19, 2005
Copyright 2005 Houston Chronicle

The turnaround specialist who guided Enron through its bankruptcy has been chosen to help crumbling Krispy Kreme Doughnuts get back in shape.

Stephen Cooper was named CEO on Tuesday of the company known best for its gooey, glazed goods, replacing Scott Livengood, who will continue to serve as a consultant to the company for about $46,000 per month.


Steven Panagos, another principal with Cooper's company, Kroll Zolfo Cooper, was named president and chief operating officer at the Winston-Salem, N.C. company.

Cooper will continue in his role as interim CEO of Enron, where observers say most of his difficult work came to an end late last year with the approval of the company's bankruptcy plan.

http://www.chron.com/cs/CDA/ssistory.mpl/business/2998854