Franchise News India: Yum! Brands, Inc. announced that on January 1, 2014, it will combine its international and U.S. divisions for KFC, Pizza Hut and Taco Bell. It will keep its Yum! Restaurants China and Yum! Restaurants India as separate divisions “given their strategic importance and enormous growth potential.”
“We believe that having 100% focused brand teams will enable us to more aggressively accelerate growth. We also believe know-how sharing will be more powerful by bringing the U.S. and international businesses together,” said David C. Novak, Chairman and Chief Executive Officer, Yum! Brands, Inc. “This is a natural evolution from where we are today. Over the last few years, we have been separating our YRI field business units by Brand. The next logical step was to organize our division leadership and resources by Brand, as we are now doing,” he added.
The new leadership structure, reporting to Novak includes: Sam Su, Yum! Brands Vice Chairman and Chairman and CEO of Yum! Restaurants China; Micky Pant, CEO of KFC; Scott Bergren, CEO of Pizza Hut; Greg Creed, CEO of Taco Bell; and Niren Chaudhary, President of Yum! Restaurants India. Also reporting to Novak are the YUM corporate functional leaders of finance, operations, human resources, public affairs and legal.
Helping plan the integration of international and domestic divisions, Rick Carucci announced his plans to retire as Yum! Brands President in March 2014, following a smooth transition to the new structure.
“Rick Carucci has been an incredible partner to me, and the Company will be forever grateful for his many contributions over a long career with YUM,” said Novak. “As we move forward, I couldn’t be more confident that the best is yet to come—for our customers, our associates and our franchisees—as we leverage our brand portfolio to grow our business around the world.”