The CEO of Scottsdale-based Cold Stone Creamery resigned Friday, according to a statement from the company.
"Today I announce my departure as CEO of Kahala-Cold Stone," Doug Ducey said in a statement. "With the agreement of the board, I believe this is the best time to step aside.
Cold Stone, an ice cream retailer, recently merged with Kahala Corp., a leading franchiser, developer and marketer of quick-service restaurants.
"The recent merger between Cold Stone and Kahala makes tremendous sense for stakeholders, employees and customers," Ducey said, adding that he continues to believe the deal can bring cost-savings to franchisees along with opportunities to grow revenue.
"I will miss these people and this place tremendously," Ducey said. He has been with Cold Stone for 12 years.
"For the first time since I graduated from Arizona State University, I'll have time on my hands," Ducey said. "My contract precludes me from doing much for a short period, but I will remain in Phoenix as the Valley has always been good to me and my family."
