Louisville, Ky. — Yum! Brands, Inc. has promoted David Gibbs to president and chief operating officer, reporting to CEO Greg Creed. Gibbs, a 29-year veteran of the company, has served as president and chief financial officer for the last 2 years.
Louisville, Ky. — Brian C. Cornell, chairman and CEO of Target Corporation, has been appointed by the Yum! Brands board to serve as non-executive chairman of the board. Cornell has served on the Yum! Brands board since 2015. He will succeed Robert D. Walter, who is retiring from his role as Yum! Brands non-executive chairman.
Irvine, Calif. — Taco Bell continues its rapid global expansion by signing its first-ever master franchise agreements, continuing its path to becoming a $15 billion brand by 2022. Also by 2022, the brand plans to operate 9,000 restaurants globally.
Lexington, Ky. — With the countdown to its 100th anniversary underway, A&W Restaurants, America’s first restaurant chain, is continuing to reappear along the roadsides that made it famous. After opening 15 franchise locations in 2017, the iconic brand expects to open another 12 this year.
After more than 10 years of downsizing, KFC is on the way back up — with a colorful, creative new prototype that speaks to a new generation.
Shanghai — Yum China Holdings, Inc. has appointed Jacky Lo as its chief financial officer, effective September 1, 2017. He had been serving as interim CFO.
Toronto — Pizza Hut Canada, a division of YUM! Brands, Inc. and the world's largest pizza franchise, has entered into a development arrangement with Franchise Management Inc. (FMI). Under this agreement, FMI will purchase 38 existing Pizza Hut restaurants in Quebec and the Greater Ottawa/Kingston region, as well as add new DelCo (delivery/carry out) model stores in Eastern Canada over the next 5 years.
Louisville, Ky. — Kentucky Fried Chicken® has selected Delaget Guard and Envysion as KFC's preferred and fully-supported loss prevention suite for the company's more than 4,100 outlets nationwide.