Yum! Brands names CFO Chris Turner as its subsequent CEO

Yum! Brands on Tuesday named Chief Financial and Franchise Officer Chris Turner as its subsequent CEO, efficient October 1.

He will substitute David Gibbs, who introduced his retirement previous this 12 months. Gibbs has led Yum since 2020 and can keep on as an guide via 2026.

Turner joined the short meals corporate in 2019. Before that, he held senior roles at PepsiCo and spent over a decade at McKinsey.

“I’m deeply honored to step into the role of CEO at Yum! Brands and incredibly grateful for the opportunity to lead this global company with such iconic brands,” Turner mentioned in a commentary. “I’m excited to build on all that we’ve accomplished together alongside our talented teams and in partnership with our franchisees around the world.”

Under Gibbs, Yum expanded virtual ordering and driven worth menus. Turner is anticipated to proceed that technique as client spending shifts.

Yum operates KFC, Taco Bell, Pizza Hut and Habit Burger in over 150 international locations.

Shares of the corporate are up about 5% thus far this 12 months.