| Nov 3 | people
LOUISVILLE, Ky. – Yum Brands, Inc. (NYSE: YUM) announced today that David Gibbs will be promoted to Global Pizza Hut chief executive officer on January 1, 2015. Gibbs, 51, who currently serves as president of Pizza Hut, U.S., will take over for Scott Bergren who will retire at the end of 2014.
Pizza Hut has over 13,000 restaurants outside of China and India, which are separate reporting divisions. 94% of Pizza Hut branded restaurants are franchised. Annual system sales for the division exceeds $10 billion.
"Greg Creed, who takes over as CEO of YUM Brands in January, and I are both confident David will lead Pizza Hut to the next level and widen its gap as the category leader all around the world," said David C. Novak, Chairman and CEO, YUM Brands Inc. Gibbs will report...