Yum! Brands names Chris Turner as CEO effective Oct 1, 2025; David Gibbs becomes adviser

YUM BRANDS INC

Chris Turner, current CFO and Chief Franchise Officer, elected CEO, succeeding David Gibbs.
David Gibbs, CEO since Jan 2020, will serve as non-executive adviser through end of 2026.
Turner's compensation: $1.1M base salary, 200% target bonus, $1.5M initial equity award for 2025.
Turner previously led PepsiCo's Walmart business and was a McKinsey & Co. partner.
Under Gibbs, digital sales surpassed $30B in 2024; net new unit development tripled to ~61,000 restaurants.

item 5.02

Executive movements

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Appointed

Christopher Turner

Chief Executive Officer

YUM · YUM BRANDS INC

Effective: 2025-10-01
Filed: June 17, 2025, 7:59 PM ET

elected Christopher Turner, currently Chief Financial and Franchise Officer of the Company, as Chief Executive Officer of the Company, effective October 1, 2025

Departed

David Gibbs

Chief Executive Officer

YUM · YUM BRANDS INC

Effective: 2025-10-01
Successor: Chris Turner
Filed: June 17, 2025, 7:59 PM ET

David Gibbs, who, in March 2025, informed the Board of Directors of his intention to retire in the next year after 37 years with the Company and a successful tenure as CEO.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Turner was elected as Chief Executive Officer at YUM BRANDS INC.

Action: elected
Role: Chief Executive Officer

Exact text from the filing

elected Christopher Turner, currently Chief Financial and Franchise Officer of the Company, as Chief Executive Officer of the Company, effective October 1, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Gibbs departed as Chief Executive Officer at YUM BRANDS INC.

Action: retire
Role: Chief Executive Officer

Exact text from the filing

David Gibbs, who, in March 2025, informed the Board of Directors of his intention to retire in the next year after 37 years with the Company and a successful tenure as CEO.

View on SEC.gov

YUM BRANDS INC filing history →

Source: SEC EDGAR

accession 0001041061-25-000041

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