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Yum Brands, the global restaurant powerhouse behind iconic brands like KFC, Taco Bell, and Pizza Hut, has announced a significant leadership change. Chris Turner, currently the company's Chief Financial Officer (CFO), will step into the role of Chief Executive Officer (CEO) effective October 1st. This marks the end of an era for David Gibbs, a long-time Yum Brands veteran who has held numerous key positions within the company.

Gibbs, a highly respected figure in the restaurant industry, initially announced his intention to retire in March 2026. His departure will follow nearly 37 years of dedicated service to Yum Brands, a remarkable career trajectory that saw him ascend through various roles before ultimately assuming the CEO position in 2020. During his tenure, Gibbs has overseen periods of substantial growth and navigated the company through evolving consumer trends and global challenges, including the significant impact of the COVID-19 pandemic.

The transition to Chris Turner represents a strategic move by Yum Brands, leveraging internal talent and ensuring a smooth handover of leadership. Turner has served as CFO since 2019, and his deep understanding of the company's financial operations, strategic priorities, and global markets positions him well to lead Yum Brands into its next chapter. He has been instrumental in driving efficiency, managing risk, and supporting the company's ambitious growth plans.

“Chris has been an exceptional partner to me and the entire leadership team,” said David Gibbs. “He has a proven track record of delivering results, a deep understanding of our business, and a passion for our brands and our people. I am confident that he will lead Yum Brands to continued success.”

Looking ahead, investors and industry analysts will be closely watching Turner's strategic direction. Yum Brands faces ongoing challenges, including inflationary pressures, supply chain disruptions, and evolving consumer preferences. However, the company's strong brand portfolio, global presence, and commitment to innovation provide a solid foundation for future growth. Turner's experience and leadership will be crucial in navigating these challenges and capitalizing on emerging opportunities in the dynamic restaurant landscape.

The appointment of Chris Turner signals Yum Brands' commitment to maintaining a strong and experienced leadership team as it continues to expand its global footprint and deliver value to shareholders. The company anticipates a seamless transition and remains focused on its core mission: serving delicious food and providing exceptional experiences to customers worldwide.