Yum! Brands, Inc. (NYSE: YUM) today announced it has appointed David Gibbs, 50, as President of its Pizza Hut business in the U.S., and Jason Marker, 43, as General Manager of its KFC business in the U.S. Gibbs will report to Scott Bergren, Pizza Hut Chief Executive Officer; and Marker will report to Micky Pant, KFC Chief Executive Officer. Both appointments are effective immediately.
In November 2013, Yum! Brands, Inc. announced it would reorganize its business to drive greater brand and geographic focus. Effective January 1, 2014, the reorganization became effective and the Company combined its Yum! Restaurants International (YRI) and the U.S. individual divisions for KFC, Pizza Hut and Taco Bell. Yum! Restaurants China and Yum! Restaurants India remain separate divisions given their strategic importance and enormous growth potential.
At the time of the reorganization announcement, David C. Novak, Chairman and Chief Executive Officer, Yum! Brands, Inc., said, “We believe that having 100% focused brand teams will enable us to more aggressively accelerate growth. The next logical step was to organize our division leadership and resources by Brand, as we are now doing,” he added.
David Gibbs joined the Company in 1989 and has risen through senior management since that time. He began his career in development and his roles included Vice President of Development at KFC and at YUM. In 2006, he was promoted to Chief Financial Officer of Pizza Hut in the U.S., then to CFO at Yum! Restaurants International, and most recently served as President and CFO of YRI. During that time, Gibbs improved the business model at Pizza Hut and led the development of a new vibrant restaurant asset base and significant supply chain savings. “David Gibbs is a champion for growth,” said Scott Bergren, Pizza Hut Chief Executive Officer. “He is an outstanding business leader, with strong strategic and brand building skills, and a demonstrated ability to work effectively with franchisees, share best practices, and build people capability.” Gibbs steps into the role vacated by Bergren, who was promoted to global brand leader for Pizza Hut during the recent reorganization.
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