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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 Chairman and CEO David Novak Receives “2012 CEO of the Year” Honor from Chief Executive Magazine
Louisville, KY, August 3, 2012 – Yum! Brands (NYSE: YUM), the world’s largest restaurant company with nearly 38,000 KFC, Pizza Hut and Taco Bell restaurants in more than 120 countries, announced today that chairman and chief executive officer David Novak received the “2012 CEO of the Year” award from Chief Executive magazine, an honor bestowed upon an outstanding corporate leader, nominated and selected by a group of his or her peers. Novak was recognized in front of more than 200 leading CEOs and other executives at an event hosted by NYSE Euronext and the Chief Executive Group at the New York Stock Exchange last night.
Novak is one of an elite group of executives recognized with this annual honor since its inception in 1986. He was selected by a group of his peers for Yum!’s sustained performance and the high level of employee engagement, leadership development and strategic alignment of the Company and its people under his leadership. Novak’s commitment to recognition and his people was one of the defining characteristics that impressed the members of the 2012 CEO of the Year Selection Committee. Yum!’s innovativeness in establishing its brands so vigorously in emerging markets also impressed his peers.
“Not only is David laser focused on what customers want and value, but he has developed a compelling vision and a comprehensive strategy,” said Alan Mulally, president and CEO, Ford Motor Company, and 2011 CEO of the Year. “And he follows that up with relentless implementation.” Mulally presented Novak with the “2012 CEO of the Year” award at the New York Stock Exchange.
Under Novak’s leadership, Yum! has established itself as a global powerhouse going from approximately 20 percent profits coming from outside the U.S. in 1997 to more than 70 percent in 2011, while driving one of the highest returns on invested capital in the restaurant industry. Today, Yum! is the leading retail developer in China as well as the largest and fastest growing restaurant company in emerging markets with a two-to-one advantage over its nearest competitor. The Company’s track record of success includes at least 13 percent earnings-per-share growth for each of the last 10 years.
Additionally, Novak has built Yum!’s entire global people-first culture around reward and recognition to drive results. He is noted for developing and personally training his “Taking People With You” leadership program to thousands of mangers and franchisees around the world during his 15 years at Yum! Brands. His book based on the highly successful program, TAKING PEOPLE WITH YOU: The Only Way to Make BIG Things Happen, is a New York Times and Wall Street Journal best-seller and all of his proceeds are donated to the United Nations World Food Programme in conjunction with Yum! Brands’ global hunger relief efforts.
Nominations for CEO of the Year were garnered from among the 124,000 readers of Chief Executive magazine. The 10 most frequently cited nominations were evaluated and a winner voted upon at a meeting of a peer Selection Committee, which took place earlier this year in New York City.
Prior CEO of the Year winners include Bill Gates, Jack Welch, Michael Dell, A.G. Lafley, John Chambers, Anne Mulcahy, Larry Bossidy, Andy Grove and Herb Kelleher.
The 2012 CEO of the Year Selection Committee was comprised of Brian Duperreault (CEO, Marsh & McLennan), Fred Hassan (Chairman, Schering-Plough), William Hickey (CEO, Sealed Air), Christine Jacobs (CEO, Theragenics), Alan Mulally (CEO, Ford Motor Company), William R. Nuti (CEO, NCR), Thomas J. Quinlan III (CEO, R.R. Donnelley), Jeffrey Sonnenfeld (CEO, The Yale Chief Executive Leadership Institute), and James Turley (CEO, Ernst & Young). Tom Saporito, Chairman of RHR International, was an advisor to the Selection Committee.
Yum! Brands, Inc., based in Louisville, Kentucky, is the world’s largest restaurant company in terms of system restaurants with nearly 38,000 restaurants in more than 120 countries and territories. Yum! is ranked #213 on the Fortune 500 List with revenues of more than $12 billion in 2011. The Company’s restaurant brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories. Outside the United States, the Yum! Brands system opened approximately four new restaurants each day of the year, making it a leader in international retail development.
Chief Executive Group enhances the effectiveness of CEOs and the organizations they lead. The company produces Chief Executive magazine (published since 1977), ChiefExecutive.net, original research, conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Visit ChiefExecutive.net for more information.
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 2012
November 29, 2012 Yum! Brands Announces Full-Year 2013 Expectations; Reconfirms Full-Year 2012 EPS Growth Forecast of at least 13%; Will Host Investor Update Meeting Thursday, December 6, 2012
October 24, 2012 Muhammad Ali Center Peace Gardens Top 100 Worldwide As Program Kicks-Off Third Year of Offering School Garden Grants That Help Teach Children Multicultural Respect, Hunger Relief and Nutrition; Yum! Brands Foundation Underwrites Peace Garden Initiative as Extension of World Hunger Relief Effort through Partnership with National Gardening Association
October 3, 2012 World Food Programme Ambassador Christina Aguilera and Yum! Brands Chairman David Novak Honored at State Department with George McGovern Leadership Award
October 2, 2012 Yum! Brands Launches Defining Global Volunteer Movement; Hunger to Hope Volunteer Challenge Encourages Local Community Service
September 27, 2012 Yum! Brands, KFC, Pizza Hut and Taco Bell Launch Annual World Hunger Relief Effort with Global Spokesperson Christina Aguilera Using Her Voice for Good in New Public Service Announcement; Aguilera Urges People to Help the Nearly 1 Billion Hungry Worldwide; Visit FromHungertoHope.com
September 25, 2012 Yum! China Celebrates 25th Anniversary and 4,000th KFC Restaurant; Milestone Spotlights Company’s Growth and Leading Position in China
September 24, 2012 Yum! Brands Receives Gold Award for Excellence for “Taking People With You” Employee Leadership Training Program from Prestigious Learning and Development Organization Brandon Hall Group; Building People Capability Drives Culture and Business at World’s Largest Restaurant Company
August 3, 2012 Yum! Brands Chairman and CEO David Novak Receives “2012 CEO of the Year” Honor from Chief Executive Magazine
August 1, 2012 Christina Aguilera Uses Voice for Good in New Public Service Announcement for Yum! Brands’ World Hunger Relief Effort This Fall
June 27, 2012 Chief Executive Magazine Names Yum! Brands’ Chairman and CEO David Novak 2012 CEO of the Year
April 30, 2012 Yum! Brands Inc. Promotes Carucci President and Grismer Chief Financial Officer
April 13, 2012 Tomorrow’s Leaders Find Solutions to Fight World Hunger Today by Leveraging Principles in Yum! Brands Chairman and CEO David Novak’s Bestselling Book: TAKING PEOPLE WITH YOU: The Only Way to Make BIG Things Happen
March 23, 2012 Yum! Brands Inc. Declares Quarterly Dividend of $0.285 per Share
January 6, 2012 Little Sheep Shareholders Approve Privatization Proposal
January 3, 2012 Yum! Brands Chairman and CEO David Novak Shares Break-Through Leadership Strategies in New Book, TAKING PEOPLE WITH YOU: The Only Way to Make BIG Things Happen
December 05, 2011 Yum! Brands Announces Full-Year 2012 Expectations; Raises 2011 EPS Growth Forecast to at least 13%, Excluding Special Items; Will Host Investor Update Meeting Wednesday, December 7, 2011