Yum! Brands, the company behind KFC, Pizza Hut and Taco Bell, has appointed David Gibbs as Chief Executive Officer, effective January 1, 2020. Gibbs currently serves as President and Chief Operating Officer and oversees the global KFC, Pizza Hut and Taco Bell divisions. Greg Creed announced his decision to retire at the end of 2019 after a 25-year career with the company.
In a statement, Greg Creed said: “It has been an incredible journey at Yum! Brands during the past 25 years and my absolute privilege to serve as CEO during such an exciting time for our company. No other retailer in the world is like Yum! Brands, with our iconic global brands, category leadership, massive scale and uniquely diversified portfolio. I’m proud of how we’re emerging from our multi-year transformation as a more focused, franchised and efficient growth company. The best of Yum! is still to come and I’m delighted we have an exceptional leader like David who will drive the next wave of growth for our company.”
Since joining the company in 1989, Gibbs has held a variety of leadership roles in all three of YUM’s brands including global strategy, finance, general management, operations and real estate. Earlier this year, he was promoted to an expanded role as President and Chief Operating Officer, assuming operating leadership of the global KFC, Pizza Hut and Taco Bell divisions.
Creed remains CEO through the end of 2019 to ensure a smooth and seamless transition. He will serve as a part-time advisor next year and also remain on the Yum! Brands Board of Directors.
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