Posted 22 September, 2021
YUM BRANDS INC appointed new CEO
CEO Change detected for ticker NYSE:YUM in a 8-K filed on 22 September, 2021.
On September 17, 2021, Mr. Tony Lowings, Chief Executive Officer of the KFC Division ("KFC") of Yum! Brands, Inc. (the "Company"), informed the Company that he plans to resign as Chief Executive Officer of KFC on December 31, 2021.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of YUM BRANDS INC
Leisure/Arts/Hospitality • Restaurants
Yum! Brands, Inc. is a service restaurant company, which engages in the development, operation, franchise, and licenses of a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The company was founded in 1997 and is headquartered in Louisville, KY.Market Cap
$44.5B
View Company Details
$44.5B
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 17, 2021, Mr. Tony Lowings, Chief Executive Officer of the KFC Division ("KFC") of Yum! Brands, Inc. (the "Company"), informed the Company that he plans to resign as Chief Executive Officer of KFC on December 31, 2021. Mr. Lowings will continue to report to David Gibbs, the Chief Executive Officer of the Company, in another capacity until his retirement in March 2022 and will assist the Company with transition needs through that date. Sabir Sami, currently KFC Division Chief Operating Officer and Managing Director of KFC Asia, will become Chief Executive Officer of the KFC Division on January 1, 2022.
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