Turner, 50, became part of Yum! in 2019 after working in senior roles at PepsiCo and over ten years at McKinsey.
David Gibbs, 62, the current CEO who declared his plan to resign in March, will continue his role as a consultant at Yum! until the end of 2026. He has been part of the company since 1989, serving as CEO since January 2020.
Yum! stocks fell by 0.7% during trading on Tuesday. In the last three months, the company's market capitalization has decreased by 10.4% (to $39.5 billion), whereas the S&P 500 stock index has risen by over 7%.
Delicious! Brands is the world's largest restaurant firm in terms of number of outlets. It operates nearly 61 thousand restaurants across over 155 nations.
The three restaurant brands of the company - KFC, Pizza Hut, and Taco Bell - are global leaders in their respective fast food segments, focusing on chicken meals, pizza, and Mexican food, respectively. Yum! additionally possesses the burger franchise Habit Burger & Grill.
source: reuters.com
David Gibbs, 62, the current CEO who declared his plan to resign in March, will continue his role as a consultant at Yum! until the end of 2026. He has been part of the company since 1989, serving as CEO since January 2020.
Yum! stocks fell by 0.7% during trading on Tuesday. In the last three months, the company's market capitalization has decreased by 10.4% (to $39.5 billion), whereas the S&P 500 stock index has risen by over 7%.
Delicious! Brands is the world's largest restaurant firm in terms of number of outlets. It operates nearly 61 thousand restaurants across over 155 nations.
The three restaurant brands of the company - KFC, Pizza Hut, and Taco Bell - are global leaders in their respective fast food segments, focusing on chicken meals, pizza, and Mexican food, respectively. Yum! additionally possesses the burger franchise Habit Burger & Grill.
source: reuters.com