Yum! Brands CEO David Gibbs announced on March 31, 2025, his intention to retire from the company in the first quarter of 2026. Gibbs has served as CEO since January 2020 and has been with Yum! Brands for 36 years.
The Board of Directors has established a succession planning committee to identify and appoint his successor, with Gibbs continuing to lead the company during the search process. Under Gibbs' leadership, digital sales surpassed $30 billion in 2024, and annual net new unit development tripled to over 61,000 restaurants worldwide.
Brian Cornell, Non-Executive Chairman of the Yum! Brands Board of Directors, commended Gibbs for his transformative impact and dedication. Gibbs expressed confidence in the company's strength and resilience, stating his focus remains on executing the current strategy and growth commitments.
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