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Yum! Brands, Inc.

Yum! Brands, Inc.

Sector: Eating Places Region: KY, United States


: | New York Stock Exchange: YUM | Frankfurt Stock Exchange: TGR


YUM! Brands, Inc. is a quick service restaurant company. The company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items through the five concepts of KFC, Pizza Hut, Taco Bell, Long John Silver’s and All American Food Restaurants brands. In addition, the company owns non-controlling interests in entities in China which operates similar to franchisees of KFC and a non-controlling interest in Little Sheep, a Hot Pot concept headquartered in Hong Kong. YUM’s business consists of three reporting segments: YUM Restaurants China, YUM Restaurants International and YUM Restaurants United States. The China segment includes mainland China. The YUM Restaurants segment includes the remainder of international operations. The US segment includes Long John Silver’s and All American Food Restaurants. The company considers KFC-U.S., Pizza Hut-U.S., Taco Bell-U.S. and LJS/A&W-U.S. into a single reportable operating segment. The KFC restaurants offers fried and non-fried chicken-on-the-bone products, primarily marketed under the names Original Recipe, Extra Tasty Crispy and Kentucky Grilled Chicken. The Pizza Hut features a variety of pizzas, which may include Pan Pizza, Thin 'n Crispy, Hand Tossed, Sicilian, Stuffed Crust, Twisted Crust, Sicilian Lasagna Pizza, Cheesy Bites Pizza, The Big New Yorker, The Big Italy, The Insider, The Chicago Dish, the Natural, Pizza Mia and 4forALL. The Taco Bell specializes in Mexican-style food products, including various types of tacos, burritos, gorditas, chalupas, quesadillas, taquitos, salads, nachos and other related items. The Long John Silver’s features a variety of seafood and chicken items, including meals featuring batter-dipped fish, chicken and shrimp, non-fried salmon, shrimp and tilapia, hushpuppies and portable snack items. The All American Food Restaurants serves A&W draft Root Beer and a signature A&W Root Beer float, as well as hot dogs and hamburgers. The company was formerly known as TRICON Global Restaurants, Inc. and changed its name to YUM! Brands, Inc. on May 16, 2002. It was founded in October 1997 and is headquartered in Louisville, KY.

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Executives

David C. Novak, Chairman and Chief Executive Officer Yum! Brands, Inc.
David C. Novak became Chairman of the Board on January 1, 2001, and Chief Executive Officer of Yum! on January 1, 2000. He was also President of Yum! from October 1997 to May 2012. David previously served as Group President and Chief Executive Officer, KFC and Pizza Hut from August 1996 to July 1997, at which time he became acting Vice Chairman of Yum!. He also held senior management positions at Pepsi-Cola Company, including Chief Operating Officer, and Executive Vice President of Marketing and Sales. Novak shapes the company’s overall strategic direction, including four key growth strategies: 1) build leading brands across China in every significant category; 2) drive aggressive international expansion and build strong brands everywhere; 3) dramatically improve U.S. brand positions, consistency and returns; and 4) drive industry-leading, long-term shareholder and franchisee value. Additionally, he devotes much of his time each year to personally teach leadership skills to the company’s management and franchisees, emphasizing teamwork and a belief in people that rewards and recognizes customer-focused behavior. Novak is a director of the Yum! Brands Foundation and World Food Program USA. Additionally, he is a member of The Business Council and The American Society for Corporate Executives, while also devoting considerable personal support to the United Nations World Food Programme and Dare to Care Food Bank hunger relief. He is also the recipient of the national 2008 Woodrow Wilson Award for Corporate Citizenship
Jing-Shyh Su , Vice Chairman of the Board, Yum! Brands, Inc.
Jing-Shyh "Sam" Su became Chairman & CEO of Yum! Brands China Division in May 2010, maintaining his position as Vice Chairman of the Board at Yum! Brands. Su had previously served as President of the China Division since 1997. The China Division operates in over 800 cities in mainland China, with over 3,800 KFC quick service restaurants, and more than 660 Pizza Hut casual dining restaurants. The China Division continues to invest behind the development its emerging brands in China – Pizza Hut Home Service, East Dawning and Little Sheep. Yum! introduced pizza delivery to China in 2001 and there are 136 Pizza Hut Home Service units in 15 cities. East Dawning is Yum!'s quick-service restaurant brand to providing affordable, great-tasting, authentic quick-service Chinese food to Chinese consumers. Today, there are nearly 30 East Dawning stores in China in 8 cities.
Richard T. Carucci, President Yum! Brands, Inc.
Rick Carucci was appointed President of Yum! Brands in May 2012 after serving as the Company’s Chief Financial Officer since 2005. Reporting to Rick are the leaders of Taco Bell, KFC and Pizza Hut in the U.S., Yum! Restaurants International (YRI) and Corporate Finance. Before becoming Yum! Brands CFO in 2005, Rick served as CFO and head of development for YRI. He is a 20-year veteran of the restaurant industry and has had general management responsibility for the Company’s businesses in Canada, Brazil, Puerto Rico, Korea, the Middle East, and North Africa. Rick graduated magna cum laude with his Bachelor’s Degree in Applied Mathematics-Economics from Brown University. He received his MBA from the University of California’s Berkley Haas School of Business.
Scott O. Bergren, CEO Pizza Hut U.S. and Yum! Innovation, Yum! Brands, Inc.
Scott Bergren was appointed CEO of Pizza Hut U.S. and Yum! Innovation for Yum! Brands, Inc. in early 2011 after serving as President and Chief Concept Officer for Pizza Hut, Inc. since December 2006. Prior to that, he was the Executive VP Marketing for KFC and Yum! Brands in Louisville, Ky. He joined Yum! Brands after a year and a half as Chief Concept Officer of Yum! Restaurants International (YRI) in Dallas. Earlier in his career, Scott built and operated Pizza Hut and Kentucky Fried Chicken restaurants in Mexico and Central America working for Tricon's International Division
Roger Eaton, Yum! Chief Operations Officer Yum! Brands, Inc.
Roger Eaton serves as Yum! Chief Operations Officer, a position he has held since late 2011. Roger has also served as Chief Executive Officer of KFC U.S. after serving as President of KFC Corporation. Eaton is an international restaurant industry veteran and has been with Yum! Brands for 12 years. Prior to his roles at KFC U.S., Roger was Chief Operating and Development Officer for Yum! Brands. He has also served as Senior Vice President/Managing Director of Yum! Restaurants International South Pacific (SOPAC). Earlier in his career, Eaton was Regional Operations Director of KFC SOPAC, General Manager of KFC New Zealand and Finance Director of KFC SOPAC. Under his leadership, SOPAC had 27 consecutive quarters of profitable same store sales growth, as well as consistent above target new restaurant builds.
Micky Pant, Chief Executive Officer Yum! Restaurants International
Micky Pant serves as CEO of Yum! Restaurants International (YRI), a subsidiary of Yum! Brands, Inc., with 14,200 restaurants in more than 120 countries. Micky was named Chief Executive Officer in December 2011. Prior to that, he served as President of Global Branding for Yum! Brands, as well as President and Chief Marketing Officer for YRI. Micky also served as Global Chief Concept Officer for Yum! Brands and President for Taco Bell International for nearly four years. Before joining the Company, Micky was part of Reebok International where he worked for ten years in various marketing capacities including Global Chief Marketing Officer. During this time, Reebok was the winner of two Golden Lion awards at the Cannes Film Festival in 1999 and 2003, considered by some to be the highest honor in advertising, and was also recognized as the Interactive Marketer of the Year by Adweek magazine in 2003. Pant has also worked at PepsiCo and Unilever in India and the United Kingdom.

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