Yum! In The News
News by Year
News by Brand
For your convenience, we have archived all of Yum! Brands' statements and press releases since our company's inception in 1997. To view an archived press release, please select a 'year' or 'brand' from the list above.
YUM! BRANDS APPOINTS GIBBS PRESIDENT OF PIZZA HUT U.S., MARKER AS GENERAL MANAGER OF KFC U.S.
Company Evolving to Newly Reorganized Global Brand Structure to Propel Growth
LOUISVILLE, KY, January 7, 2014 - Yum! Brands, Inc. (NYSE:YUM) today announced it has appointed David Gibbs, 50, as President of its Pizza Hut business in the U.S., and Jason Marker, 43, as General Manager of its KFC business in the U.S. Gibbs will report to Scott Bergren, Pizza Hut Chief Executive Officer; and Marker will report to Micky Pant, KFC Chief Executive Officer. Both appointments are effective immediately.
In November 2013, Yum! Brands, Inc. announced it would reorganize its business to drive greater brand and geographic focus. Effective January 1, 2014, the reorganization became effective and the Company combined its Yum! Restaurants International (YRI) and the U.S. individual divisions for KFC, Pizza Hut and Taco Bell. Yum! Restaurants China and Yum! Restaurants India remain separate divisions given their strategic importance and enormous growth potential.
At the time of the reorganization announcement, David C. Novak, Chairman and Chief Executive Officer, Yum! Brands, Inc., said, “We believe that having 100% focused brand teams will enable us to more aggressively accelerate growth. The next logical step was to organize our division leadership and resources by Brand, as we are now doing,” he added.
David Gibbs joined the Company in 1989 and has risen through senior management since that time. He began his career in development and his roles included Vice President of Development at KFC and at YUM. In 2006, he was promoted to Chief Financial Officer of Pizza Hut in the U.S., then to CFO at Yum! Restaurants International, and most recently served as President and CFO of YRI. During that time, Gibbs improved the business model at Pizza Hut and led the development of a new vibrant restaurant asset base and significant supply chain savings. “David Gibbs is a champion for growth,” said Scott Bergren, Pizza Hut Chief Executive Officer. “He is an outstanding business leader, with strong strategic and brand building skills, and a demonstrated ability to work effectively with franchisees, share best practices, and build people capability.” Gibbs steps into the role vacated by Bergren, who was promoted to global brand leader for Pizza Hut during the recent reorganization.
Jason Marker joined the Company from Unilever over 10 years ago as a marketer in the South Pacific region, based in Australia. He then was promoted to the Chief Marketing Officer and was a key force in developing product and marketing ideas that were first successful in Australia and then exported across KFC’s global system. Marker was relocated to Yum! Restaurants International as the Vice President of Global Branding and Marketing. He most recently has served as Chief Marketing Officer of KFC U.S. “Jason Marker is the ideal candidate to lead the KFC business in the U.S.,” said Micky Pant, KFC Chief Executive Officer. “He has excellent commercial skills, with a deep understanding of consumer insights and concept development. He is also detail-oriented and works effectively with franchisees and has demonstrated leadership skills cross-functionally.” Marker replaces John Cywinski, who has served as KFC U.S. President for the past three years and has made the personal decision to resign from the Company to pursue other opportunities.
“I want to thank John Cywinski for his leadership and wish him every continued success with his new ventures. As we move forward, I couldn’t be more confident that the best is yet to come—for our customers, our associates and our franchisees—as we leverage our brand portfolio to grow our business around the world. I am pleased that David Gibbs and Jason Marker, two seasoned executives who have risen through our system, will establish a seamless transition to grow our U.S. Pizza Hut and KFC businesses, respectively,” Novak added.
About Yum! Brands
Yum! Brands, Inc., based in Louisville, Kentucky, has over 40,000 restaurants in more than 130 countries and territories. Yum! Brands is ranked #201 on the Fortune 500 List with revenues of over $13 billion in 2012 and in 2013 was named among the top 100 Corporate Citizens by Corporate Responsibility Magazine. The Company's restaurant brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories. Outside the United States, the Yum! Brands system opened on average over five new restaurants per day in 2012, making it a leader in international retail development.
Yum! Brands, Inc.
Analysts are invited to contact:
Steve Schmitt, 888-298-6986
Vice President Investor Relations
Donny Lau, 888-298-6986
Director Investor Relations
Members of the media are invited to contact: Virginia Ferguson, 502-874-8200
Director Public Relations
The releases contained on this page may contain dated information. Readers are cautioned that the releases on this page are maintained here solely for the purposes of providing historical background about Yum! Brands, its business and product offerings. As the releases may contain dated information, they should not be relied upon as providing accurate or current information. Yum! Brands disclaims any intention or obligation to update or revise any of the information contained in any of the releases on this page, whether as a result of new information, future events or otherwise.
Yum! News 2014
August 5, 2014 Yum! Brands, KFC, Pizza Hut and Taco Bell Launch World Hunger Relief Effort with Global Spokesperson Christina Aguilera in New “Pass The Red Cup” Challenge; Aguilera uses Powerful Voice to Raise Awareness and Funds for Nearly 850 Million Hungry Worldwide
July 1, 2014 Yum! Brands Opens First KFC in Bolivia; World’s Most Popular Chicken Chain Expands in Emerging Markets
June 10, 2014 Lift a Life Foundation Mobilizes Nearly 200,000 Students Nationwide with Second Annual “Lead2Feed World Hunger Leadership Challenge” in Partnership with USA TODAY Charitable Foundation; Yum! Brands Foundation Awards Over $250,000 in Grant Prizes to 100 Student Teams For U.S. Hunger Relief Charities
May 1, 2014 Yum! Brands Announces CEO Succession Plan, Becomes Effective on January 1, 2015
April 9, 2014 Yum! Brands Opens First Pizza Hut in Iraq; Milestone Spotlights Company’s Expansion in Emerging Markets
March 31, 2014 Yum! Brands Releases New CSR Report and Declares April “CSR Month”
March 26, 2014 KFC China Launches New Menu and Marketing Strategy Nationwide; Milestone Signifies Next Phase of Company’s Aggressive and Comprehensive Plan to Restage KFC in China
January 9, 2014 Yum! Brands’ World Hunger Relief Efforts Result in Record–Breaking $37 Million in Cash and Food Donations
January 7, 2014 Yum! Brands Appoints Gibbs President of Pizza Hut U.S., Marker as General Manager of KFC U.S.
January 3, 2014 Cricket Fans Take Flight in KFC Australia’s Green & Gold Skybox