Carucci Promoted to President of Yum!

Grismer tapped to fill Carucci's CFO post.

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Yum! Brands, Inc. (NYSE: YUM) promoted Rick Carucci to president from chief financial officer. In addition, Yum! promoted Patrick Grismer to CFO from chief planning and control officer.

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As part of his new responsibilities, the leaders of Taco Bell, KFC and Pizza Hut in the U.S., Yum! Restaurants International (YRI) and Corporate Finance will now report to Carucci.

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Continuing to report to David Novak, the chairman and CEO of Yum!, are the CEOs of China and India, and the company's functional leaders.

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