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For your convenience, we have archived all of Yum! Brands' statements and press releases since our company's inception in 1997. To view an archived press release, please select a 'year' or 'brand' from the list above.
YUM! BRANDS REALIGNS BUSINESS DIVISIONS TO PROPEL GLOBAL GROWTH
US and Yum! Restaurants International Combined to Focus on Global Brands
LOUISVILLE, KY, November 20, 2013 - Yum! Brands, Inc. (NYSE:YUM) today announced it is reorganizing its business to drive greater brand and geographic focus. Effective January 1, 2014, Yum! Brands, Inc. will combine its Yum! Restaurants International (YRI) and the U.S. individual divisions for KFC, Pizza Hut and Taco Bell. Yum! Restaurants China and Yum! Restaurants India will remain separate divisions given their strategic importance and enormous growth potential.
The KFC, Pizza Hut and Taco Bell divisions will define and drive the strategic positioning and operating models for the Brands, working closely with the China and India division teams. “We believe that having 100% focused brand teams will enable us to more aggressively accelerate growth. We also believe know-how sharing will be more powerful by bringing the U.S. and international businesses together,” said David C. Novak, Chairman and Chief Executive Officer, Yum! Brands, Inc. “This is a natural evolution from where we are today. Over the last few years, we have been separating our YRI field business units by Brand. The next logical step was to organize our division leadership and resources by Brand, as we are now doing,” he added.
The new leadership structure, reporting to Novak includes: Sam Su, Yum! Brands Vice Chairman and Chairman and CEO of Yum! Restaurants China; Micky Pant, CEO of KFC; Scott Bergren, CEO of Pizza Hut; Greg Creed, CEO of Taco Bell; and Niren Chaudhary, President of Yum! Restaurants India. Also reporting to Novak are the YUM corporate functional leaders of finance, operations, human resources, public affairs and legal. Rick Carucci played a major role in developing the new organizational strategy and resulting structure. He announced his plans to retire as Yum! Brands President in March 2014 following a smooth transition to the new structure. “Rick Carucci has been an incredible partner to me, and the Company will be forever grateful for his many contributions over a long career with YUM,” said Novak. “As we move forward, I couldn’t be more confident that the best is yet to come—for our customers, our associates and our franchisees—as we leverage our brand portfolio to grow our business around the world.” more.
The releases contained on this page may contain dated information. Readers are cautioned that the releases on this page are maintained here solely for the purposes of providing historical background about Yum! Brands, its business and product offerings. As the releases may contain dated information, they should not be relied upon as providing accurate or current information. Yum! Brands disclaims any intention or obligation to update or revise any of the information contained in any of the releases on this page, whether as a result of new information, future events or otherwise.
Yum! News 2013
November 20, 2013 Yum! Brands Realigns Business Divisions to Propel Global Growth; US and Yum! Restaurants International Combined to Focus on Global Brands
November 13, 2013 Yum! Brands Directs $1.5 Million of World Hunger Relief Funds to Philippines
October 22, 2013 Yum! Brands Announces Opening of 40,000th Restaurant with KFC in Goa, India to Spotlight Emerging Market Leadership and Growth By 2015, India to Have 1,000 Restaurants in More Than 100 Cities; Yum! and Franchise Partners Plan to Invest $10 Billion in Emerging Markets by 2020
October 11, 2013 Yum! Brands Global IT Recognized with 2013 InfoWorld/Forrester Enterprise Architecture Award
October 10, 2013 Yum! Recognizes Global Volunteers with Huge Heart Champion Awards; $250,000 USD in Grants to be Awarded to Qualifying Non-profit Agencies
October 8, 2013 Rob Lauber Named Chief Learning Officer of the Year by Chief Learning Officer Magazine; Multiple Honors Reflect Yum! Brands’ Learning Culture
October 3, 2013 Muhammad Ali Humanitarian Awards presented by Yum! Brands Foundation Honors Individuals From Around the Globe; Former President Jimmy Carter, Christina Aguilera, and Michael Bolton Honored; Six Young Adults from Around the World Receive Muhammad Ali Core Principle Awards; Mark Hogg of WaterStep Receives Muhammad Ali Kentucky Humanitarian Award
September 27, 2013 Muhammad Ali Center Peace Gardens Reach 160 Worldwide Teaching Children Respect for Different Cultures, Addressing Hunger Relief and Educating About Nutrition; Yum! Brands Foundation Underwrites MAC Peace Garden Initiative as Extension of World Hunger Relief Effort; National Gardening Association Key Partner
September 18, 2013 Yum! Restaurants India and Smile Foundation celebrate World Hunger Relief
September 12, 2013 Yum! Brands, KFC, Pizza Hut and Taco Bell Launch World Hunger Relief Effort Featuring Global Spokesperson Christina Aguilera in New Public Service Announcement;
May 29, 2013 Yum! Brands Extends KFC Original Recipe Eleven Herbs and Spices to Mongolia; Milestone Spotlights Company’s Expansion in Emerging Markets
May 20, 2013 Yum! Brands Foundation Awards Nearly $250,000 in Grant Prizes to 140 Schools for U.S. Hunger Relief Charities
February 28, 2013 Yum! Brands Recognized by International Franchise Association for Accomplishments in Diversity and Inclusion