logo
Plus   Neg
Share
Email

Yum! Brands Promotes CFO David Gibbs To COO

Yum! Brands Inc. (YUM) Monday said it has promoted its President and Chief Financial Officer David Gibbs to President and Chief Operating Officer.

Gibbs will continue to report to Chief Executive Officer Greg Creed and will assume operating leadership of global KFC Division as well as the U.S. and international businesses of Pizza Hut and Taco Bell.

Gibbs will retain his current Yum! Brands CFO role, title and responsibilities overseeing corporate strategy, finance, supply chain and information technology, while the Company conducts a search to identify a successor CFO.

"I'm happy to announce our promotion of David Gibbs to President and Chief Operating Officer. David is an extraordinarily talented commercial leader with a strong track record of results and deep experience in all three of YUM's global brands," said Creed. "He has been an invaluable strategic partner to me during a pivotal time for Yum! Brands, from the 2016 spinoff of the China business to driving the franchise operating, restaurant development and financial strategies that are reshaping KFC, Pizza Hut and Taco Bell into more focused, franchised and efficient businesses."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Krispy Kreme Doughnuts is giving a dozen of its Original Glazed Doughnuts for just $1 as part of its annual 'Day of the Dozens' offer. The offer is available on Thursday, December 12, and is a play on the date, 12/12. To get the deal, customers have to purchase a dozen doughnuts at the store's retail price. Customers can buy doughnuts of any flavor they like to qualify for the deal. Home Depot has blamed the nation's opioid crisis for the recent surge in theft at its stores, reports said. The home improvement retailer made the claim at an analyst and investor conference on Wednesday saying it expects the theft, which retailers call shrink, to narrow its operating margin for the next year. The opioid crisis in the U.S. is growing at an alarming rate. Amazon said that Prime members in select areas can shop a number of items until Christmas Eve and receive them on the same day itself with Prime free same-day delivery and free two-hour delivery. The option is available through Amazon Fresh and Whole Foods Market. In addition to groceries, Prime members in select cities can shop Amazon Fresh for tens of thousands of items.
Follow RTT
>