Lowings to Succeed CEO Eaton at KFC
Yum Brands Inc. [NYSE: YUM] announced today that Tony Lowings will be promoted to be chief executive officer of its KFC Division on January 1, 2019. A 24-year veteran of the multi-branded franchisor, Lowings currently serves as president and chief operating officer of Yum’s KFC Division, which has 21,000 restaurants affiliated with its brand in 130 countries.
Lowing is to succeed Roger Eaton, who will retire at the end of this year after being with the firm for more than 20 years. The soon-to-be CEO of KFC will report directly to Greg Creed, chief executive officer of Yum Brands.
Before holding his current position, Lowings was managing director of Asia-Pacific for KFC. Lowings’ career also includes a role as chief operations officer of Yum! Restaurants International and various other international positions.
“Tony Lowings is an outstanding leader with deep knowledge of our business and a strong track record of growing KFC’s presence and strengthening the brand’s competitive position with our franchise partners in markets around the world,” said Yum’s CEO Creed. “As a proven and highly respected strategic brand builder, high impact operations leader and people grower, Tony is the perfect person to continue elevating KFC into a distinctive, relevant and easy global brand that people trust and champion. I’m extremely confident Tony and his management team will establish a seamless transition and continue to successfully execute KFC’s long-term global growth strategies in partnership with our franchisees.”
Kentucky-based Yum Brands has over 45,000 restaurants that are affiliated with its KFC, Pizza Hut and Taco Bell brands.