Form 8-K · Current Report · Filed 2025-06-17
Yum! Brands Appoints Chris Turner as New CEO Effective October 1, 2025
On June 13, 2025, Yum! Brands, Inc. announced that its Board of Directors has elected Christopher Turner, currently serving as Chief Financial and Franchise Officer, as the new Chief Executive Officer, effective October 1, 2025. Turner will succeed David Gibbs, who will remain CEO until September 30, 2025, and then transition to a non-executive advisory role until the end of 2026. Turner's compensation package includes an annual base salary of $1,100,000, an annual cash bonus with a target value of 200% of his base salary, and a long-term equity incentive award with an aggregate grant date fair value of $1,500,000 for 2025. Turner's role will involve executing Yum! Brands' Good Growth strategy, focusing on digital initiatives, innovation, and driving long-term results.
- Filer
- Yum! Brands, Inc. YUM · NYSE
- Filed
- Accession
- 0001041061-25-000041
- CIK
- 0001041061
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$141.94
Next session
-2.5%
Since filing
+8.0%
Latest close
$153.28
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Precedent
Previous filings from YUM reporting the same item, with the next session's move:
Exhibits (1)
About Yum! Brands, Inc.
Yum! Brands, Inc. operates as one of the world’s largest fast-food restaurant companies, specializing in the development and management of globally recognized brands such as KFC, Pizza Hut, and Taco Bell. The company focuses on offering a diverse array of consistent, value-driven food options that cater to a wide range of consumer tastes and preferences. With its entrepreneurial franchise business model, Yum! Brands extends its global footprint across numerous countries, with thousands of restaurants strategically located to reach a vast customer base. A notable feature of the company includes its ability to integrate localized flavors and menu customizations while maintaining brand consistency and operational efficiency. Headquartered in Louisville, Kentucky, Yum! Brands plays a significant role in the quick-service restaurant industry, leveraging its significant scale and brand equity to influence market trends and consumer behavior.
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