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Yum! Brands Updates Executive Leadership

Gibbs becomes president of the multi-concept operator. David Gibbs was promoted to president and chief financial officer for Yum! Brands, Inc., effective May 2, 2016. Gibbs, a 27-year veteran of the company, previously served as chief executive officer of the global Pizza Hut Division.

The global Pizza Hut Division will continue to be led by Milind Pant, president of Pizza Hut International, and by Artie Starrs, who was promoted from general manager to president of Pizza Hut U.S., also effective May 2. Dave Russell, who served as interim CFO, will resume his role as vice president, finance and corporate controller for Yum! Brands.

In his new role, Gibbs will assume global responsibility for finance, operations, supply chain and information technology. This announcement comes as the multi-concept operator prepares to transition its executive leadership in advance of the company's separation into two publicly traded companies – Yum! Brands and Yum! China – by the end of this year.

Gibbs has held a variety of roles at Yum! and its predecessor companies since he joined in 1989, including development, real estate, finance, and engineering positions. He served as CFO of Pizza Hut U.S. from 2005 to 2010 before transitioning to a global role as President and CFO of Yum! Restaurants International. Gibbs also served as President of Pizza Hut U.S.