Greg Creed

David Novak

Louisville Ky based YUM! Brands Chief to retire

LOUISVILLE, Ky.–(BUSINESS WIRE)–Yum! Brands, Inc. (NYSE: YUM) announced today that David C. Novak, 63, Executive Chairman, plans to retire in May 2016 following the Company’s annual shareholder meeting and step down from the Company’s Board at that time. The Board plans to appoint a Non-Executive Chairman from among its Directors to succeed Mr. Novak and will announce that appointment at the Company’s annual shareholder meeting. Mr. Novak was appointed Chief Executive Officer of Yum! in 1999 and has served as Chairman of Yum! Brands since 2000. He transitioned to Executive Chairman on January 1, 2015, when he was succeeded as…

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Louisville Ky-based Yum! Brands faces financial transition with CFO exit

Company to launch internal and external search for successor Louisville, KY,  – Louisville-based Yum! Brands, Inc. (NYSE:YUM) announced today that Patrick Grismer, 53, intends to resign as Chief Financial Officer, effective February 19, 2016. Mr. Grismer will continue to serve as CFO until that time and will help finalize the Company’s 2015 Form 10-K filing with the Securities and Exchange Commission. He will also present at the Company’s upcoming investor conference in Plano, Texas, on December 10, 2015. The Company will conduct a search of internal and external candidates to identify a successor. “Pat has added tremendous value as CFO…