Yum! Manufacturers CEO David Gibbs—who oversees fast-food manufacturers akin to KFC, Pizza Hut, and Taco Bell—plans to retire someday early in 2026.
Gibbs knowledgeable the corporate’s board of administrators of his choice, saying that he can be a part of the group via the search course of till retirement. The board established a committee to call his successor.
“Throughout my time as CEO and all through my 36 years with Yum! Manufacturers, it has been an honor to work alongside this extremely gifted group and our devoted franchisees to construct essentially the most cherished, trusted, and linked restaurant manufacturers all over the world,” Gibbs stated in a press release. “I got down to strengthen and broaden the attraction of our iconic manufacturers, construct industry-leading digital capabilities, dramatically speed up the tempo of worthwhile new unit improvement, and amplify our people-first tradition.”
Gibbs joined Yum! Manufacturers in 1989 and has led the Louisville, Ky.-based firm since 2020, proper earlier than the Covid-19 pandemic took a stronghold of the nation. He efficiently navigated Yum! Manufacturers via this chaotic interval whereas increasing its retailer depend from 50,000 to 61,000, translating to a couple of 25% enhance in annual gross sales, or $66 billion.
“Together with your entire board of administrators, I commend David for his dedication to Yum! Manufacturers and applaud his transformative affect on the corporate—not simply in his time as CEO, however all through everything of his practically four-decade profession with Yum! Manufacturers,” stated Brian Cornell, non-executive chairman of the corporate’s board and chairman and CEO of Goal, in a press release. “The board is dedicated to overseeing an intensive succession planning course of and appreciates David’s continued management of the enterprise, in addition to the ample timeline offered to make sure a seamless management transition.”
