LOUISVILLE, KY, June 13, 2007 – Yum! Brands, Inc., parent company of A&W All-American Food, KFC, Long John Silver’s, Pizza Hut and Taco Bell, has been named one of BLACK ENTERPRISE Magazine’s “40 Best Companies for Diversity” for its comprehensive results across key diversity measures.
BLACK ENTERPRISE’s third annual list of the best companies for diversity is featured in the July 2007 edition. The Magazine evaluated diversity programs, consulted with diversity experts and surveyed over 1,000 of the country’s largest public companies and more than 50 leading global companies with significant U.S. operations. The Magazine made its selection based on the level of African-American and ethnic minority representation in four categories including supplier diversity, senior management, Board of Directors and total workforce diversity.
BLACK ENTERPRISE said the following about Yum! Brands in its July issue: “Proof of a diverse workforce at Yum! Brands can be seen from KFC Chief Operating Officer Harvey Brownlee, an African-American, down to the more than 70,000 other minority employees. Ethnic minorities make up 57.5% of the 122,000-plus employees (U.S., company) at Yum! Brands, owner of convenience restaurants such as KFC and Pizza Hut. The 37-member senior management team is 13.5% ethnic minority and 10.8% black. Included among Yum! Brands 130 black-owned suppliers is Integrated Packaging Corp.”
“One of the things we are most passionate about is building a culture where everyone can and does make a difference,” said David C. Novak, Chairman and CEO, Yum! Brands, Inc. “BLACK ENTERPRISE Magazine’s recognition helps fuel our passion to get better and better because we know that diverse teams deliver better results both in creativity and innovation. The more our workforce reflects the changing demographics of our diverse employees, customers, suppliers, franchisees and investors around the world, the greater we can satisfy our customers better than anybody,” added Novak.
For the past several years, Yum! Brands has been recognized for its commitment to diversity. More than 50 percent of Yum!’s U.S. workforce are minorities as well as more than 50 percent of the company’s new hires. In addition, the company has been named one of FORTUNE magazine’s “Top 50 Employers for Minorities” for the past four years, one of FORTUNE’s “Top 50 Employers for Women,” one of BLACK ENTERPRISE’s “30 Hottest Franchises for 2006,” one of the “Corporate 100 Companies Providing Opportunities for Hispanics” by Hispanic Magazine and one of the “Top 50 Corporations for Supplier Diversity” by HISPANIC Trends Magazine.
Yum!’s strategy for leveraging diversity includes franchising and supplier diversity. Yum! supports minority entrepreneurship through its sponsorship of the National Minority Supplier Development Council and is a founding member of the National Minority Franchising Initiative, the International Franchise Association’s Diversity Institute and the Women’s Franchise and Distribution Forum.
In addition to franchising and supplier diversity, Yum!’s diversity strategy includes employment, leadership development and community involvement. The company and its franchise partners support leading community organizations such as the Congressional Black Caucus; NAACP; National Urban League; National Council of LaRaza; U.S. Pan Asian Chamber of Commerce; Multicultural Foodservice & Hospitality Alliance and the Women’s Foodservice Forum, among others.
Many of Yum! Brands’ philanthropic efforts are focused on minority community giving and employee volunteer involvement through programs such as Louisville-based Dare to Care Food Bank. Yum! Brands Foundation makes a $1 million annual commitment to the organization, two-thirds of which helps reach an additional 90,000 hungry children in underserved minority communities. Yum! Brands Foundation also has committed approximately $1 million to the Louisville-based Muhammad Ali Center, an international cultural and educational institution, for the advancement of humanity worldwide. In addition, Yum! Brands is committing $250,000 for the creation of the Children’s Educational Center as part of the Kentucky Center for African-American Heritage.