1851

From the <a href="https://1851franchise.com/taco-bell-reveals-cause-of-the-great-tortilla-shortage-2710660" style="text-decoration-line:none" target="_blank">&ldquo;Tortillapocalypse&rdquo;</a> to <a href="https://1851franchise.com/pizza-hut-closing-hundreds-of-underperforming-stores-in-favor-of-modern-express-model-2710638" style="text-decoration-line:none" target="_blank">the impending closure of 500-plus Pizza Huts</a>, it&rsquo;s been a tumultuous few weeks for franchise parent company <a href="https://www.yum.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=yum-brands-is-getting-a-new-ceo-2710703" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Yum! Brands</a>.&nbsp;

Here at 1851 Franchise, we love a good executive shakeup, as evidenced by this article from late July announcing <a href="https://1851franchise.com/yum-brands-name-new-taco-bell-and-pizza-hut-ceos-2710580" style="text-decoration-line:none" target="_blank">new CEOs at both Taco Bell and Pizza Hut</a>. It appears the leadership changes at Yum! weren&rsquo;t done then, as it was announced on Monday that CEO and 25-year company veteran <a href="https://www.yum.com/wps/portal/yumbrands/Yumbrands/news/press-releases/yum%21+brands+announces+ceo+succession+plan+to+drive+next+chapter+of+global+growth%2C+effective+january+1%2C+2020?utm_source=1851franchise.com&utm_medium=article&utm_campaign=yum-brands-is-getting-a-new-ceo-2710703" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Greg Creed would be retiring</a> at the end of the year. Come January 1, 2020, David Gibbs will move into the role, exchanging just a single letter in his current title of COO.

<a href="https://www.restaurantbusinessonline.com/leadership/yum-brands-names-david-gibbs-ceo?utm_source=1851franchise.com&utm_medium=article&utm_campaign=yum-brands-is-getting-a-new-ceo-2710703" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Restaurant Business noted</a> that Gibbs has been with Yum! for more than 30 years and has served in a variety of roles including global strategy, finance, general management, operations and real estate.

Despite the company&rsquo;s recurring presence in the news cycle of late, business is good, <a href="https://www.cnbc.com/2019/08/12/yum-brands-names-david-gibbs-to-replace-longtime-ceo-greg-creed.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=yum-brands-is-getting-a-new-ceo-2710703" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">as CNBC points out</a> Yum! Brands saw a 5% increase in same-store sales in Q2 and company shares are up more than 25% in 2019.&nbsp;

&ldquo;I am excited to accept this new role as we conclude the third and final year of our company&rsquo;s strategic transformation,&rdquo; Gibbs said in a statement. &ldquo;Because of our journey to become more focused, franchised and efficient, we&rsquo;re now in the best position we&rsquo;ve ever been in to accelerate growth and improve franchise unit economics, but we still have more to achieve.&quot;

Read the full announcement <a href="https://www.yum.com/wps/portal/yumbrands/Yumbrands/news/press-releases/yum%21+brands+announces+ceo+succession+plan+to+drive+next+chapter+of+global+growth%2C+effective+january+1%2C+2020?utm_source=1851franchise.com&utm_medium=article&utm_campaign=yum-brands-is-getting-a-new-ceo-2710703" target="_blank" rel="nofollow" target="_blank">here</a>. Photo courtesy of Yum! Brands on <a href="https://twitter.com/yumbrands/status/1161009053587398656/photo/1?utm_source=1851franchise.com&utm_medium=article&utm_campaign=yum-brands-is-getting-a-new-ceo-2710703" target="_blank" rel="nofollow" target="_blank">Twitter</a>.

Yum! Brands is Getting a New! CEO

1851 Franchise

Come 2020, the parent company of franchise powerhouses KFC, Taco Bell and Pizza Hut will have a new leader at the helm.

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Minuteman Press International

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Minuteman Press Franchisees Celebrate 25+ Years in Warwick, RI

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Mellow Mushroom

Mellow Mushroom Ranks No. 1 in Customer Experience and Customer Loyalty Among Pizza Chains in MarketForce Casual Dining Report

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From Stadiums to Sustainability: How David Hoover Is Scaling Impact With Filta

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Yum! Brands is Getting a New! CEO

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