Yum! Brands CEO Greg Creed appeared on this morning's "Bloomberg Markets: Americas" from the floor of the NYSE to discuss the split and what Yum! Brands will be focusing on now that the spinoff is complete.
Yum is the parent company of American fast food chains KFC, Taco Bell, and Pizza Hut.
"We're going to concentrate on growing and there's a huge growth potential for all three brands in the 135 countries in which we operate, emerging markets, development markets. So for me it's a real growth story for Yum! Brands," Creed said.
BloombergTV's Vonnie Quinn questioned Creed as to how the company will grow and if there will be any changes in operations, mainly giving more control to franchisees.
"We're going to be more focused, we're going to be more franchised, we're going to be more efficient," he responded. "I think all of those will help us grow. We're going to own less than 1,000 restaurants by the end of 2018. So we'll become a capital-like business that's really focused on growing same store sales and net new units, and that's the area of focus for the organization."
BloombergTV's Mark Barton joined the discussion and asked how much involvement CEO Creed will have in Yum! China and about how smooth the transition process will be.