Yum! Brands' CEO to retire next year
David Gibbs has served the company as CEO since January 2020.
Yum! Brands, Inc. announced that CEO David Gibbs has informed the Board of Directors of his plan to retire next year.
In response, the board has established a succession planning committee to carefully select the company’s next leader.
Gibbs will continue leading the company throughout the search process until his retirement, expected in the first quarter of 2026.
“I look forward to supporting the next CEO candidate and ensuring the company is set up for continued success,” Gibbs said. “In the meantime, my focus remains on executing our strategy and delivering against our growth commitments.”
Gibbs has served as Yum! Brands’ CEO since January 2020.
During his tenure, digital sales surpassed $30b in 2024, with over 50% of sales through digital channels, and the pace of annual net new unit development tripled, leading to more than 61,000 restaurant units worldwide.
