As CEO, Creed successfully executed the 2016 spinoff of Yum China, led Yum! Brands’ financial, refranchising and restaurant development strategy to transform the company into a capital-light, pure-play franchisor. Brands, Inc. (NYSE: YUM) today announced that its Board of Directors has unanimously elected David Gibbs as Chief Executive Officer, effective January 1, 2020, and appointed him to the Company’s Board, effective November 1, 2019. “Because of our journey to become more focused, franchised and efficient, we’re now in the best position we’ve ever been in to accelerate growth and improve franchise unit economics, but we still have more to achieve. The China market was especially opportunistic, allowing Yum to tap into a swiftly-growing population enamored by Western brands and pop culture. King has a bachelor’s degree in business administration from the University of Wisconsin in Green Bay, Wisconsin. Prior to her time at Starbucks, Young-Scrivner spent 19 years at PepsiCo, serving in senior leadership positions in sales, marketing and general management including CMO and Head of Sales for Quaker Foods and Snacks Division; Chairman and Region President of PepsiCo Foods Greater China; and Vice President and General Manager of PepsiCo’s Target team. Previously, he served as Managing Director of Pizza Hut Asia-Pacific where he led Pizza Hut’s largest business outside the U.S. in terms of units, spanning nearly 5,000 franchise restaurants across 16 markets. We are not undertaking to update any of these statements.
Brands has accomplished over the past several years and understands the need to put customers, employees, franchisees and shareholders at the center of everything.

We want to hear from you. As the chair of the Global Technology Leadership Team, Johnson works closely with each global brand division technology chief who reports to his or her respective executive leader. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including, without limitation: food safety and food borne-illness issues; health concerns arising from outbreaks of viruses or other diseases; the success of our franchisees and licensees; the success of our transformation initiatives, including our refranchising strategy; our significant exposure to the Chinese market; changes in economic and political conditions in countries and territories outside of the U.S. where we operate; our ability to protect the integrity and security of individually identifiable data of our customers and employees; our ability to successfully implement technology initiatives; our increasing dependence on digital commerce platforms and information technology systems; the impact of social media; our ability to secure and maintain distribution and adequate supply to our restaurants; the success of our development strategy in emerging markets; changes in commodity, labor and other operating costs; pending or future litigation and legal claims or proceedings; changes in or noncompliance with government regulations, including labor standards and anti-bribery or anti-corruption laws; tax matters, including changes in tax laws or disagreements with taxing authorities; consumer preferences and perceptions of our brands; changes in consumer discretionary spending and general economic conditions; competition within the retail food industry; and risks relating to our significant amount of indebtedness.
Yum!

Near the top of that list is Yum’s successful spinoff of its China business in 2016, a move meant to facilitate a more focused strategy. Now, the U.S. business is riding two-plus years of same-store sales growth and is primed for net new unit growth for the first time in 15 years. Previously, he led the long-term strategic planning processes related to growth acceleration, category expansion and M&A as Senior Vice President of Strategy for Frito-Lay. In 2018, Yum! Brands Appoints GODIVA CEO Annie Young-Scrivner and InterContinental Hotels Group PLC CEO Keith Barr to Board. Brands, Inc. today announced the appointments of Annie Young-Scrivner, Chief Executive Officer of GODIVA Chocolatier, and Keith Barr, Chief Executive Officer of InterContinental Hotels Group®, to its Board as non-executive directors, effective January 24, 2020. However, the clearest indication that Yum won’t miss a beat during this transition comes from Creed himself: “(David) has been an invaluable strategic partner to me during our transformation and instrumental in shaping our global strategy, accelerating the pace of global new unit development, executing our transformation goals and laying a strong foundation for future growth. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. Bendel is on the Board of Advisors for the Collins School of Hospitality Management, at California State Polytechnic University.

Brands’ global business, brands and people. “Greg Creed is one of the most talented and passionate brand builders in the restaurant industry today,” said Brian Cornell, Non-Executive Chairman of the Yum! Previously, Gibbs served as Yum! A key area of focus is guiding and accelerating enterprise-wide transformation, developing the right capabilities, culture, business models and technology to fuel same-store sales and net new unit growth.