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

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Christopher Turner

Chief Executive Officer

YUM · YUM BRANDS INC

Effective: 2025-10-01
Filed: Jun 17, 2025 23:59 UTC

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: Jun 17, 2025 23:59 UTC

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.

Source: SEC EDGAR

accession 0001041061-25-000041

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