Yum! Brands to reorganize corporate structure on Jan. 1, 2014
Yum! Brands, Inc. will reorganize its corporate structure on Jan. 1, 2014. The new organization will…Yum! Brands, Inc. will reorganize its corporate structure on Jan. 1, 2014. The new organization will create five business units, including KFC, Pizza Hut, Taco Bell, Yum! Restaurants China and Yum! Restaurants India.
“We believe that having 100 percent focused brand teams will enable us to more aggressively accelerate growth,” said David C. Novak, chairman and CEO. “We also believe know-how sharing will be more powerful by bringing the US and international businesses together.
“This is a natural evolution from where we are today. Over the last few years, we have been separating our YRI (Yum! Restaurants International) field business units by brand. The next logical step was to organize our division leadership and resources by brand, as we are now doing,”
With the changes will come a new leadership structure that will report to Novak. Micky Pant will be CEO of KFC; Scott Bergren, CEO of Pizza Hut; Greg Creed, CEO of Taco Bell; Sam Su, CEO of Yum! Restaurants China; and Niren Chaudhary, president of Yum! Restaurants India.
