The company said its Board of Directors elected Christopher Turner, currently Chief Financial and Franchise Officer, as Chief Executive Officer on June 13, 2025, effective October 1, 2025.

1. 01

   The company said its Board of Directors elected Christopher Turner, currently Chief Financial and Franchise Officer, as Chief Executive Officer on June 13, 2025, effective October 1, 2025.

2. 02

   The company said current Chief Executive Officer David Gibbs will assume a non-executive advisory role from October 1, 2025, remain CEO until September 30, 2025, and serve as an adviser to the company until the end of 2026.

3. 03

   Yum! Brands said it will pay Turner an annual base salary of $1,100,000 and an annual cash bonus with a target of 200% of his base salary, with a maximum bonus of three times his target bonus.

4. 04

   Yum! Brands said Turner's long-term equity award for his service as CEO in 2025 has an aggregate grant date fair value of $1,500,000, and his annual long-term equity award for 2026 is expected to have an aggregate grant date fair value of $10,100,000. Turner has served as Chief Financial Officer since August 2019.

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Original filing

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