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<ul dir="ltr">
<li><i>Sean Tresvant named Yum! Brands’ Chief Consumer Officer and Chief Executive Officer of Taco Bell</i></li>
<li><i>Jim Dausch, Global Chief Digital & Technology Officer of Pizza Hut, named Yum! Brands’ Chief Digital & Technology Officer and President of Byte by Yum!</i></li>
<li><i>Ranjith Roy, Yum! Chief Strategy Officer and Treasurer, named Yum! Brands’ Chief Financial Officer</i></li>
</ul>
<p dir="ltr"><b>LOUISVILLE, Ky., September 9, 2025 –</b> Yum! Brands, Inc. (NYSE: YUM) today announced strategic leadership appointments that will strengthen its enterprise capabilities and drive long-term value creation across its global portfolio.</p>
<p dir="ltr">The appointments come as Chris Turner, Chief Executive Officer-Designate and Chief Financial & Franchise Officer, Yum! Brands, Inc., prepares to step into the role of Chief Executive Officer on October 1.</p>
<p dir="ltr">Sean Tresvant has been promoted to <b>Yum! Brands’ Chief Consumer Officer and Chief Executive Officer of Taco Bell</b>, a role dedicated to ensuring the consumer of today and tomorrow remains at the forefront across Yum!’s iconic brands. Tresvant will continue to lead Taco Bell. With his added responsibilities, he will spearhead efforts across all brands to enhance consumer insights, drive brand relevance and foster innovation that resonates with consumers worldwide. Since joining Yum! in January 2022 as the Global Brand Officer at Taco Bell, Tresvant's leadership has propelled the brand to new heights and driven strong business results, delivering positive same-store sales growth every quarter of his tenure. He also led transformative initiatives across marketing, innovation and brand strategy notably driving cultural moments like the viral return of the Mexican Pizza and Taco Bell’s Consumer Day investor event and Live Más LIVE for fans. Prior to joining Yum!, Tresvant served as the Chief Marketing Officer of the Jordan Brand at Nike.</p>
<p dir="ltr">“Sean is a talented and visionary business leader, and Taco Bell’s consumer-centric growth is undeniable,” said Turner. “His ability to create cultural relevance, fuel growth and connect with consumers in meaningful ways makes him the perfect leader to ensure our iconic brands win the hearts of the future consumer.”</p>
<p dir="ltr">In addition, Jim Dausch, Global Chief Digital & Technology Officer of Pizza Hut, has been promoted to <b>Yum! Brands’ Chief Digital & Technology Officer and President of Byte by Yum!</b>, replacing Joe Park who is leaving Yum! to pursue an outside opportunity. Since joining Pizza Hut Global as CDTO, he’s led the brand’s technology strategy and created strong franchisee relationships. Previously, Dausch served as Executive Vice President & Chief Consumer Officer at Under Armour, where he focused on driving consumer demand and engagement across the brand’s digital channels. Prior to that, he spent more than 20 years at Marriott, where, during his tenure, he led global digital and technology, sales, brand, operations and business transformation.</p>
<p dir="ltr">“Jim is a seasoned and highly capable business leader with extensive experience in a complex, global, multi-brand franchised organization,” said Turner. “As we continue to scale Byte by Yum! and harness the power of AI, his leadership will be instrumental in elevating our digital capabilities, enabling franchisee success and creating even more connected and personalized experiences for our consumers.”</p>
<p dir="ltr">Finally, Ranjith Roy<b> </b>(“Roy”)<b> </b>has been promoted to<b> Yum! Brands’ Chief Financial Officer, </b>taking over from Turner as he steps into the Chief Executive Officer role. Roy joined Yum! in 2024 as Chief Strategy Officer and Treasurer, overseeing strategy, mergers and acquisitions and treasury operations. In this role, he brought financial expertise and a strategic lens to key growth initiatives and balance sheet management. As CFO, Roy will play a pivotal role in driving Yum!’s financial planning and performance across its iconic brands. Before joining Yum!, Roy served as CFO of the e-commerce marketplace Goldbelly, where he helped scale operations and unlock new growth opportunities. He also spent more than 15 years with Goldman Sachs where he led investment banking relationships for restaurant, food and food tech businesses, building industry expertise.</p>
<p dir="ltr">“Roy brings a blend of commercial acumen, strategic insight on Yum! and the restaurant industry to the CFO role,” said Turner. “He has a proven ability to navigate fast-paced and complex environments with a sharp focus on long-term value creation.”</p>
<p dir="ltr">In addition to these promotions, Turner plans to add a <b>Chief Scale Officer</b> to his leadership team. Yum! Brands is beginning a search for a candidate to fill this new role, which will focus on leveraging Yum!’s scale to accelerate franchisee returns, maximize unit economics and drive restaurant profitability across the entire enterprise. This leader will oversee global functions including supply chain, franchise office, food safety and quality assurance and more, and will play an important role in scaling innovations and driving sustainable growth. </p>
<p dir="ltr">“This new structure and industry-leading talent strengthens our ability to deliver for our stakeholders and positions Yum! to grow in ways that only we can,” said Turner. “With their deep expertise and innovative thinking, alongside our already strong leadership team, I am confident we will continue to build on our momentum and shape the future of Yum! together.”</p>
<p dir="ltr"><b>About Yum! Brands</b> <br />
Yum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of over 61,000 restaurants in more than 155 countries and territories under the company’s concepts – KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. The Company's KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-inspired food and pizza categories, respectively. Habit Burger & Grill is a fast casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2024, Yum! was named to the Dow Jones Sustainability Index North America, Newsweek’s list of America’s Most Responsible Companies, USA Today’s America’s Climate Leaders and 3BL’s list of 100 Best Corporate Citizens. In 2025, the Company was recognized among TIME magazine’s list of Best Companies for Future Leaders. In addition, KFC, Taco Bell and Pizza Hut led Entrepreneur's Top Global Franchises 2024 list and were ranked in the first 25 of Entrepreneur’s 2025 Franchise 500, with Taco Bell securing the No. 1 spot in North America for the fifth consecutive year.</p>
<p dir="ltr">###</p>
<p dir="ltr"><b>Contacts</b></p>
<p dir="ltr">Analysts may contact Investor Relations at 888/298-6986.</p>
<p dir="ltr">Media may contact Public Relations at 502/874-8200.</p>
<p>
<i>Since its founding in 1997, Yum! has been Serving Up Good
with its brands by investing in initiatives that enable team members, employees
and communities to thrive. Yum! remains committed to using its capital –
financial and human – to reduce food insecurity and to help individuals gain
the skills and capabilities they need to build meaningful careers. This series
highlights both the stories of Yum! leaders who are driving meaningful change
and shaping a better future for all, as well as the beneficiaries of the many
community impact programs Yum! leads around the world.</i> </p>
<p><br /></p>
<p>When Andrew German was a sophomore, he dropped out of college, unable to pay for another semester. Since he wasn’t going to class, his aunt asked him to accompany her to their local Taco Bell for a job interview, serving as her translator. By the end of the interview, the manager was so impressed that both German and his aunt left with jobs. </p>
<p>Less than a year into his new role, German’s manager recalled how he often talked about practicing with a local dance company that he started outside of work and was aware of the obstacles that German faced with his first attempt at college. Taking both into consideration, she encouraged him to re-enroll in school and apply for the Live Más Scholarship to help make his educational goals possible. While this scholarship offers financial support for school, it’s a passion-based scholarship —applicants submit a video showcasing what they care about, rather than writing a traditional essay.</p>
<p>“My manager saw so much potential in me and encouraged me to apply,” German said. “After my first college experience, I didn’t feel very confident about going after new opportunities. But she truly believed in me and encouraged me to take the leap, so I did.”</p>
<p>A few weeks later, German’s manager asked to meet with him; he thought it was to interview for a shift lead position. But instead of an interview, she surprised him with a $25,000 Live Más Scholarship.</p>
<p>German is just one of over 3,000 Live Más scholars. Continue reading to learn how he advanced from a restaurant team member to an analyst with the Taco Bell Foundation, where he now manages the Live Más Scholarship program.</p>
<p><img src="/wps/wcm/connect/yumbrands/9828677c-5c25-4f70-99ae-d9d4288ee717/1/Andrew+Live+Mas+Scholarship+Awarding.jpg?MOD=AJPERES" title="" style="width: 600px; height: 450px; margin: 0px auto; display: block;" /><br /></p>
<p><b><span style="font-size: 18px;">How
did your experience as a Live </span><span style="font-size: 18px;">Más</span><span style="font-size: 18px;"> Scholar help you understand the impact and mission of the Taco Bell Foundation?</span></b> </p>
<p>I had never heard of the Taco Bell Foundation until I applied for the Live Más Scholarship, but I now know that the Taco Bell Foundation is on a mission to fuel bold ambitions, inspiring the next generation to Live Más.</p>
<p>The scholarship opens doors in fields like food, arts, trades and entrepreneurship by focusing on each recipient’s story, strengths and dreams. Live Más goes beyond financial aid, providing scholars with career resources, mentorship and connections with professionals to help achieve their goals. </p>
As an employee managing this program, I've learned that everyone has talent and potential. We help individuals realize and utilize their abilities to grow. Our organization has the resources and expertise to make these experiences accessible to young people facing barriers.
<p><b><br /><img src="/wps/wcm/connect/yumbrands/9828677c-5c25-4f70-99ae-d9d4288ee717/2/Andrew+Video+2.png?MOD=AJPERES" title="" style="width: 700px; height: 392px; margin: 0px auto; display: block;" /></b></p>
<p><b><span style="font-size: 18px;"><br /></span></b></p>
<p><b><span style="font-size: 18px;">Is it fair to say the foundation changed your life?</span></b></p>
<p>One thousand percent yes! After I was awarded the scholarship, the foundation kept me engaged with various opportunities that aligned with my love for dance, from a music video cameo to national campaign features. </p>
<p>The Live Más Scholarship offered numerous workshops and conferences where I met Taco Bell senior leadership, learned about internships and got a first look at corporate jobs, I’d have to say that the mentorship was my favorite part. As a Live Más scholar, I was mentored by Zach Trail from the People & Culture team. His story mirrored mine, and his guidance helped me silence my imposter syndrome. With his encouragement, and the support of Mikerra Spoon with the Talent Acquisition team, I applied for a role I was interested in at the corporate office. Although I didn't get the first role I applied to, Mikerra thought I’d be a great fit for another open role with the Taco Bell Foundation and with Zach’s continued motivation, I tried again, and this time I got it! The program's exposure and support were instrumental in my career growth, reinforcing my mantra, “Alone you can do so little, but together we can do so much.”</p>
<p><img src="/wps/wcm/connect/yumbrands/9828677c-5c25-4f70-99ae-d9d4288ee717/3/Andrew+TB+PSA.png?MOD=AJPERES" title="" style="width: 600px; height: 337px; margin: 0px auto; display: block;" /><br /></p>
<p><b><span style="font-size: 18px;">What key insights have you gained in your role that others
should know?</span></b></p>
<p>While the Scholarship isn’t exclusively for Gen Z applicants, my close work with this generation — through my dance studio, youth-centered volunteer work and professional relationships with restaurant team members — revealed clear gaps in how organizations connect with them. I saw an opportunity to ensure our program didn’t just include Gen Z but truly supported their needs. Rather than relying on outside interpretations, I’ve found the most effective insights come from direct engagement. By treating Gen Z as collaborators, not just recipients, their voices have been able to help shape our scholarship experience in a way that resonates across generations and is especially impactful for the next one.</p>
<p><br /></p>
<i>Whether through a
passion for dance or a dedication to inspiring the next generation, teaching is
at the heart of what fuels German.
You can support the journey of ambitious individuals, like him, aspiring to live their dreams, by </i><a href="https://www.tacobellfoundation.org/donate/" ><i>donating to the Taco Bell
Foundation </i><i>Live Más Scholarship program.</i></a>
<p><br /></p>
<p dir="ltr"><strong>LOUISVILLE, Ky., August 28, 2025 –</strong> Yum! Brands, Inc. (NYSE: YUM) today announced that Chris Turner, who will become Chief Executive Officer of the Company on October 1, 2025, was appointed as a Director of the Board, also effective October 1, 2025.</p>
<p dir="ltr">“We look forward to welcoming Chris to the Board as he takes on the Chief Executive role and leads Yum! into its next stage of growth,” said Brian Cornell, Non-Executive Chair of the Yum! Brands Board of Directors. “His appointment will further deepen collaboration between leadership and the Board, ensuring Yum!’s continued success.”</p>
<p dir="ltr">Turner was appointed to become Yum! Brand’s next Chief Executive Officer on June 13, effective October 1, 2025, succeeding David Gibbs, who, in March 2025, informed the Board of Directors of his intention to retire after 36 years with the Company and a successful tenure as CEO.</p>
<p dir="ltr">Turner has served as Yum! Brands' Chief Financial Officer since 2019 and expanded his role to include Chief Franchise Officer in 2024, with responsibilities for finance, corporate strategy, supply chain, franchise standards and support.</p>
<p dir="ltr">Also, effective October 1, 2025, Gibbs will no longer be a Director of the Board but will remain as an executive advisor to the Company through 2026.</p>
<p dir="ltr"><strong>About Yum! Brands </strong></p>
<p dir="ltr">Yum! Brands, Inc., based in Louisville, Kentucky, and its subsidiaries franchise or operate a system of over 61,000 restaurants in more than 155 countries and territories under the company’s concepts – KFC, Taco Bell, Pizza Hut and Habit Burger & Grill. The Company's KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-inspired food and pizza categories, respectively. Habit Burger & Grill is a fast casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2024, Yum! was named to the Dow Jones Sustainability Index North America, Newsweek’s list of America’s Most Responsible Companies, USA Today’s America’s Climate Leaders and 3BL’s list of 100 Best Corporate Citizens. In 2025, the Company was recognized among TIME magazine’s list of Best Companies for Future Leaders. In addition, KFC, Taco Bell and Pizza Hut led Entrepreneur's Top Global Franchises 2024 list and were ranked in the first 25 of Entrepreneur’s 2025 Franchise 500, with Taco Bell securing the No. 1 spot in North America for the fifth consecutive year.</p>
<p dir="ltr"><strong>Contacts</strong></p>
<p dir="ltr">Analysts may contact Investor Relations at 888-298-6986.</p>
<p dir="ltr">Media may contact Public Relations at 502-874-8200.</p>
