Yum! Brands, Inc. Appoints Paget Alves to Board
September 26 2016 - 12:00PM
Business Wire
Yum! Brands, Inc. (NYSE:YUM) today announced the appointment of
Paget Alves to its Board of Directors, effective November 17, 2016.
With Mr. Alves’s appointment, the Yum! Brands Board will consist of
12 directors, 11 of whom will be independent.
“Paget’s extensive executive management and leadership
experience, as well as his background in sales, make him a strong
addition to the Yum! Brands Board,” said Robert Walter,
Non-Executive Chairman of Yum! Brands. “We are thrilled to have
Paget join us at this exciting time for the Company, and look
forward to benefitting from the insight and expertise he will
bring.”
Greg Creed, Chief Executive Officer of Yum! Brands said, “We are
excited to appoint a director as qualified and talented as Paget
who will bring fresh perspectives to the Board as Yum! Brands
begins its next chapter and moves forward following the separation
of the China business. I look forward to working with him as we
execute on our strategic plans to drive growth across all of our
brands and deliver value for our shareholders.”
Mr. Alves, 62, serves on the Boards of Directors of
International Game Technology PLC, Ariel Investments LLC and
Synchrony Financial. He previously served on the Boards of
Directors of GTECH Holdings Corporation and Herman Miller, Inc. He
served as Chief Sales Officer of Sprint Corporation, from January
2012 to September 2013, after serving as President of the Business
Markets Group since 2009. Prior to that, he held various other
positions at Sprint. Before joining Sprint in 2003, he served as
President and Chief Executive Officer of PointOne
Telecommunications Inc., and President and Chief Operating Officer
of Centennial Communications. Mr. Alves earned a Bachelor of
Science degree in Industrial and Labor Relations and a Juris Doctor
degree from Cornell University.
About Yum! BrandsYum! Brands, Inc., based in Louisville,
Kentucky, has nearly 43,000 restaurants in almost 140 countries and
territories. Yum! is ranked #218 on the Fortune 500 List with
revenues of over $13 billion in 2015 and is one of the Aon Hewitt
Top Companies for Leaders in North America. The Company’s
restaurant brands – KFC, Pizza Hut and Taco Bell – are the global
leaders of the chicken, pizza and Mexican-style food categories.
Worldwide, the Yum! Brands system opens over six new restaurants
per day on average, making it a leader in global retail
development.
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version on businesswire.com: http://www.businesswire.com/news/home/20160926006061/en/
Yum! Brands, Inc.Virginia Ferguson, 502-874-8200
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