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Krispy Kreme’s top finance executive, Jeremiah Ashukian, is leaving the doughnut maker to pursue an opportunity with a private company.

Krispy Kreme and McDonald's announced June 24 the two companies will end their partnership in early July.

McDonald’s and Krispy Kreme said Tuesday that they're ending their partnership on July 2, a little more than a year after it was announced.

Krispy Kreme and McDonald’s jointly decided to end their partnership as of July 2, as the doughnut maker says the costs were unsustainable.

Customers who wear these festive colors will get a free doughnut from participating Krispy Kreme locations on the Fourth of July.