Yum! Board of Directors
Click on a Director's name below to view their biography.
David C. Novak
Director since 1997 | 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 three key strategies: 1) build powerful brands through superior marketing, breakthrough innovation and compelling value with a foundation built on winning food and world class operations; 2) drive aggressive unit expansion everywhere, especially in emerging markets, and build leading brands in every significant category in China and India; and 3) create industry-leading returns through franchising and disciplined use of capital and maximize long-term shareholder 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.
Reporting to him are the division Chief Executive Officers of Yum! Restaurants China, KFC, Pizza Hut and Taco Bell, the President of Yum! Restaurants India and senior corporate officers. Novak is on the board of directors 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. Novak is the recipient of the 2012 UN World Food Program Leadership Award for Yum! Brands World Hunger Relief effort that raises awareness, volunteerism and funds to address this global problem. He is also the recipient of the national 2008 Woodrow Wilson Award for Corporate Citizenship.
Director since 2008 | Vice Chairman, Yum! Brands, Inc. and Chairman and Chief Executive Officer, Yum! Restaurants China
Jing-Shyh "Sam" Su became Chairman and CEO of Yum! Restaurants China in May 2010, maintaining his position as Vice Chairman of the Board at Yum! Brands, reporting directly to the Company’s Chairman and CEO. Su had previously served as President of the China Division since 1997. Yum! Brands is focused on building leading brands in China in every significant category. Yum! is the leading retail developer in China with over 6,200 restaurants in more than 900 cities. KFC is the number one foreign brand in China with nearly 4,500 restaurants in more than 900 cities. Pizza Hut is the number one Western casual dining brand in China with approximately 1,000 restaurants in nearly 250 cities and approximately 200 Pizza Hut Home Service units by year-end 2013. Yum! China created and is testing East Dawning, a quick-service restaurant concept with nearly 30 stores serving Chinese food to Chinese consumers. In addition, the Company acquired Little Sheep in 2012, the leading hot-pot brand in Chinese casual dining with more than 400 restaurants. Yum! expects to open at least 700 new units in China in 2013.
Michael J. Cavanagh
Director since 2012 | Co-Chief Executive Officer, JPMorgan Chase & Co.’s Corporate and Investment Bank
Michael J. Cavanagh is Co-CEO of JPMorgan Chase & Co.’s Corporate and Investment Bank. Prior to that, he was the Chief Executive Officer of JPMC’s Treasury & Securities Services business, one of the world’s largest cash management providers and a leading global custodian. He is also a member of the firm’s Operating and Executive Committees. Prior to being named CEO of Treasury & Securities Services in 2010, Cavanagh was Chief Financial Officer of JPMorgan Chase & Co. for six years. Before being named CFO, Cavanagh was Head of Middle Market Banking for JPMorgan Chase. Cavanagh joined Bank One in May 2000 (prior to its acquisition by JPMorgan) and held a variety of roles there including Head of Strategy and Planning, Treasurer, and other executive positions in banking. Before joining Bank One, Cavanagh spent seven years with Citigroup and its predecessors.
David W. Dorman
Director since 2005 | Non-Executive Chairman, CVS Caremark Corporation
David W. Dorman is the Non-Executive Chairman of the Board of CVS Caremark Corporation, a position he has held since May 2011. Until May 2011, he was the Non-Executive Chairman of Motorola Solutions, Inc. (formerly known as Motorola Inc.), a leading provider of business and mission critical communication products and services for enterprise and government customers. He served as Non-Executive Chairman of the Board of Motorola, Inc.from May 2008 until the separation of its mobile devices and home businesses in January 2011. From October 2006 to May 2008, he was Senior Advisor and Managing Director to Warburg Pincus, a global private equity firm. From November 2005 until January 2006, he was President of AT&T Inc., a company that provides Internet and transaction-based voice and data services (formerly known as SBC Communications). He was Chairman of the Board and Chief Executive Officer of the company previously known as AT&T Corp. from November 2002 until November 2005. Prior to this, he was President of AT&T Corp. from 2000 to 2002 and the Chief Executive Officer of Concert, a former global venture created by AT&T Corp. and British Telecommunications plc, from 1999 to 2000.
Mr. Dorman serves on the board of Motorola Solutions, Inc. and Georgia Tech Foundation. He served as a director of AT&T Corp. from 2002 to 2006.
Director since 1997 | Chairman, Ferragamo USA, Inc., a subsidiary of Salvatore Ferragamo Italia
Massimo Ferragamo is Chairman of Ferragamo USA, Inc., a subsidiary of Salvatore Ferragamo Italia, which controls sales and distribution of Ferragamo products in North America. Mr. Ferragamo has held this position since 1985. Mr. Ferragamo has served as a director of Birks & Mayors, Inc. from 2005 until 2007.
Mirian M. Graddick-Weir
Director since 2012 | Executive Vice President Human Resources, Merck & Co., Inc.
Mirian M. Graddick-Weir serves as Executive Vice President of Human Resources for Merck & Co., Inc., a position she has held since 2008. From 2006 until 2008, she was Senior Vice President of Human Resources of Merck & Co., Inc. Prior to this position, she served as Executive Vice President of Human Resources and Employee Communications of AT&T Corp from 2004 to 2006. Ms. Graddick-Weir served as the Executive Vice President of Human Resources of AT&T Corp. from 1999 to 2004. Ms. Graddick-Weir has held various executive positions throughout her career with AT&T, which began in 1981. Ms. Graddick-Weir is a director of Harleysville Group Inc.
J. David Grissom
Director since 2003 | Chairman, Mayfair Capital, Inc. and Chairman, The Glenview Trust Company
J. David Grissom is Chairman of Mayfair Capital, Inc., a private investment firm formed by Mr. Grissom in 1989. In addition, Mr. Grissom has been Chairman of The Glenview Trust Company, a private trust and investment management company, since 2001. From 1973 to 1989, he held various senior positions, including Chairman and CEO of Citizens Fidelity Bank & Trust and Vice Chairman of its successor, PNC Financial Corp. He served as a director of Churchill Downs Incorporated from 1979 to 2010.
Bonnie G. Hill
Director since 2003 | President, B. Hill Enterprises, LLC
Bonnie G. Hill is President of B. Hill Enterprises LLC, a consulting company. She has held this position since July 2001. She is also co-founder of Icon Blue, Inc., a brand marketing company. She served as President and Chief Executive Officer of Times Mirror Foundation, a charitable foundation affiliated with the Tribune Company from 1997 to 2001 and Senior Vice President, Communications and Public Affairs, of the Los Angeles Times from 1998 to 2001. From 1992 to 1996, she served as Dean of the McIntire School of Commerce at the University of Virginia. Ms. Hill currently serves as a director of AK Steel Holding Corporation, The Home Depot, Inc., California Water Service Group, and The Rand Corporation. She serves as the Lead Director of the Board of Directors of The Home Depot, Inc. She also served on the boards of Hershey Foods Corporation from 1993 to 2007 and Albertson’s, Inc. from 2002 to 2006.
Jonathan S. Linen
Director since 2005 | Advisor to Chairman, American Express Company
Jonathan S. Linen has been an advisor to the Chairman of American Express Company, a diversified worldwide travel and financial services company, since January 2006. From August 1993 until December 2005, he served as Vice Chairman of American Express Company. From 1992 to 1993, Mr. Linen served as President and Chief Operating Officer of American Express Travel Related Services Company, Inc. From 1989 to 1992, Mr. Linen served as President and Chief Executive Officer of Shearson Lehman Brothers. Mr. Linen is a director of Modern Bank, N.A. and The Intercontinental Hotels Group.
Thomas C. Nelson
Director since 2006 | Chairman, Chief Executive Officer and President, National Gypsum Company
Thomas C. Nelson has served as the Chief Executive Officer and President of National Gypsum Company, a building products manufacturer, since 1999 and was elected Chairman of the Board in January 2005. From 1995 to 1999, Mr. Nelson served as the Vice Chairman and Chief Financial Officer of National Gypsum Company. He is also a General Partner of Wakefield Group, a North Carolina based venture capital firm. Mr. Nelson previously worked for Morgan Stanley & Co. and in the United States Defense Department as Assistant to the Secretary and was a White House Fellow. He also serves as a director of Belk, Inc. and Carolinas Healthcare Systems.
Thomas M. Ryan
Director since 2002 | Former Chairman and Chief Executive Officer,
CVS Caremark Corporation
Thomas M. Ryan is the former Chairman and Chief Executive Officer of the Board of CVS Caremark Corporation ("CVS"), a pharmacy healthcare provider. He served as Chairman from April 1999 to May 2011. He was Chief Executive Officer of CVS from May 1998 to February 2011 and also served as President from May 1998 to May 2010. Mr. Ryan serves on the board of Five Below, Inc. and is an Operating Partner of Advent International. Mr. Ryan was a director of Reebok International Ltd from 1998 to 2005 and Bank of America Corporation from 2004 to 2010.
Robert D. Walter
Director since 2008 | Founder and Retired Chairman/CEO, Cardinal Health, Inc.
Robert D. Walter is the founder of Cardinal Health, Inc., a company that provides products and services supporting the health care industry. Mr. Walter retired from Cardinal Health in June 2008. Prior to his retirement from Cardinal Health, he served as Executive Director from November 2007 to June 2008. From April 2006 to November 2007, he served as Executive Chairman of the Board of Cardinal Health. From 1979 to April 2006, he served as Chairman and Chief Executive Officer of Cardinal Health. Mr. Walter also serves as a director of American Express Company and Nordstrom, Inc. From 2000 to 2007, he was a director of CBS Corporation and its predecessor, Viacom, Inc.