Yum! completes $1.5B Pizza Hut ex-China sale to LongRange; $2.7B total with China

YUM BRANDS INC

Completed sale of Pizza Hut ex-China to LongRange Capital for ~$1.5B cash, plus up to $75M earn-out by 2030.
Combined with Pizza Hut China sale to Yum China (closed Aug 7, 2026), total proceeds ~$2.7B.
Aaron Powell resigned as Pizza Hut CEO effective Sept 1, 2026, in connection with closing.
Yum! refocuses on core brands; CEO Chris Turner cites digital capabilities and Byte by Yum! for growth.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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

Departed

Aaron Powell

Chief Executive Officer of the Pizza Hut business

YUM · YUM BRANDS INC

Effective: 2026-09-01
Filed: September 1, 2026, 4:39 PM ET

Aaron Powell, the Chief Executive Officer of the Pizza Hut business of Yum! Brands, Inc. (the “ Company ”), resigned from his position as Pizza Hut CEO and all other positions with the Company effective September 1, 2026, in connection with the closing of the Pizza Hut Transaction (as defined below).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron Powell resigned as Chief Executive Officer of the Pizza Hut business at YUM BRANDS INC.

Action: resigned
Role: Chief Executive Officer of the Pizza Hut business

Exact text from the filing

Aaron Powell, the Chief Executive Officer of the Pizza Hut business of Yum! Brands, Inc. (the “ Company ”), resigned from his position as Pizza Hut CEO and all other positions with the Company effective September 1, 2026, in connection with the closing of the Pizza Hut Transaction (as defined below).

View on SEC.gov

YUM BRANDS INC filing history →

Source: SEC EDGAR

accession 0001041061-26-000187

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.