Leadership change

News of a change in the board of directors or a chief officer of a firm

Yum Brands Appoints Brian Cornell as Non-Executive Chairman

Yum Brands, Inc. [NYSE:YUM) announced on Monday that its board of directors has appointed Brian C. Cornell to replace Robert D. Walter, 72, as its non-executive chairman. Cornell is the chairman and chief executive officer of Target Corporation [NYSE:TGT].

TGI Fridays Hires Ruby Tuesday’s Chief Ray Blanchette as Its CEO

Casual dining franchisor TGI Fridays announced on Tuesday that it has hired Ruby Tuesday’s CEO, Ray Blanchette, as its CEO. Former CEO Aslam Khan, who joined the firm as CEO in April of 2017, was promoted to vice chairman of the board — on Tuesday.

Shareholders Vote to Add Two Directors to Restaurant Brands International Board

Restaurant Brands International Inc. [NYSE:QSR], the holding company to franchisors Burger King, Tim Hortons and Popeyes Louisiana Kitchen, reported election results for its board of directors by its shareholders at its annual shareholders meeting held on June 7.

Franchisees Welcome New CEO of Ruth’s Chris Steak House

Ruth’s Hospitality Group, Inc. [NASDAQ:RUTH], a chain of 150 company-owned and franchised upscale restaurants that do business as Ruth’s Chris Steak House, announced yesterday that chief operating officer Cheryl Henry has begun the role of president and CEO of the company.