David Gibbs to retire as Yum! Brands CEO in Q1 2026; board starts succession search

YUM BRANDS INC

Gibbs informed board on March 26, 2025 of retirement plan; will continue as CEO until Q1 2026.
Board formed succession planning committee; no successor named yet.
Under Gibbs, digital sales exceeded $30B in 2024 with >50% digital channel sales.
Annual net new unit development tripled during tenure to over 61,000 units globally.
Gibbs was CEO since Jan 2020; led company through COVID-19 and digital transformation.

item 5.02 item 9.01

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Departed

David Gibbs

Chief Executive Officer

YUM · YUM BRANDS INC

Filed: March 31, 2025, 7:59 PM ET

On March 26, 2025, David Gibbs, the Company’s Chief Executive Officer, informed the Board of Directors of his intention to retire in 2026.

Key facts

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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

On March 26, 2025, David Gibbs, the Company’s Chief Executive Officer, informed the Board of Directors of his intention to retire in 2026.

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YUM BRANDS INC filing history →

Source: SEC EDGAR

accession 0001193125-25-067752

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