Yum! Brands Appoints DICK’S Sporting Goods President Lauren Hobart to Board
October 12 2020 - 9:00AM
Business Wire
Yum! Brands, Inc. (NYSE: YUM) today announced the appointment of
Lauren R. Hobart, President of DICK’S Sporting Goods, Inc. (NYSE:
DKS), to its Board of Directors, effective November 12, 2020.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201012005453/en/
Yum! Brands, Inc. today announced the
appointment of Lauren R. Hobart, President of DICK’S Sporting
Goods, Inc., to its Board of Directors, effective November 12,
2020. (Photo: Business Wire)
“Lauren will make an excellent addition to the Yum! Brands Board
as she brings broad leadership experience and a wealth of knowledge
from well-known and highly respected retail and consumer products
companies,” said Brian Cornell, Non-Executive Chairman of the Yum!
Brands Board of Directors and Chairman and Chief Executive Officer
of Target Corporation. “We look forward to the insights and many
contributions she will bring as we continue to position Yum! Brands
as an even stronger global growth company for all our
stakeholders.”
“The events of this year have accelerated many consumer trends
in the restaurant industry, particularly around digital, technology
and delivery,” said David Gibbs, Chief Executive Officer, Yum!
Brands. “Lauren has demonstrated strong leadership driving DICK’S
digital transformation and the growth of its e-commerce business
and has an impressive brand-building, operational and marketing
track record. These strengths, along with Lauren’s experience in
the foodservice industry, will be invaluable as we elevate and
invest in our customer and employee experience with technology and
innovation at the forefront.”
Yum! Brands also announced that Michael J. Cavanagh will retire
from the Yum! Brands Board of Directors. Cavanagh, Senior Executive
Vice President and Chief Financial Officer of Comcast Corporation,
joined the Yum! Brands Board in 2012.
In addition, the Yum! Brands Board has appointed Paget Alves,
former Chief Sales Officer of Sprint Corporation and a Yum! Brands
Director since 2016, to serve as Chair of the Audit Committee
succeeding Thomas C. Nelson, effective November 12. Nelson,
Chairman, Chief Executive Officer and President of National Gypsum
Company and a Yum! Brands Director since 2006, will remain a member
of the Yum! Brands Board.
“On behalf of the Board, we sincerely thank Mike for all of his
contributions and the unique business perspective he has brought to
Yum! Brands over the years,” said Gibbs. “We also want to thank
Paget for taking on his new role as Chair of the Audit Committee
and extend our gratitude to Tom for his service leading the
Committee for the past eight years. We look forward to their
continued leadership on the Yum! Brands Board.”
About Lauren Hobart
Hobart has served as President of DICK’S Sporting Goods, a
leading omni-channel sporting goods retailer with 727 locations
across the United States, since 2017. In this role, she oversees
the Stores, Marketing, eCommerce, Technology, HR, Legal, and
Strategy & Analytics organizations. Hobart joined DICK’S in
2011 and has held leadership roles including Executive Vice
President, Chief Customer & Digital Officer and Chief Marketing
Officer. Prior to joining DICK’S, Hobart spent 14 years at PepsiCo
in various strategic planning and marketing roles, including Chief
Marketing Officer of Carbonated Soft Drinks in North America. Prior
to PepsiCo, Hobart was at Wells Fargo and JPMorgan Chase.
In addition to her current duties, Hobart is President of The
DICK’S Sporting Goods Foundation and serves on the DICK’S Board of
Directors. She also served on the board of Sonic Corp. for five
years. Hobart is a graduate of The University of Pennsylvania and
holds an MBA from Stanford University.
About Yum! Brands, Inc.
Yum! Brands, Inc., based in Louisville, Kentucky, has over
50,000 restaurants in more than 150 countries and territories,
making it a leader in global retail development primarily operating
the company’s brands – KFC, Pizza Hut and Taco Bell – global
leaders of the chicken, pizza and Mexican-style food categories.
The Company’s family of brands also includes The Habit Burger
Grill, a fast-casual restaurant concept specializing in
made-to-order chargrilled burgers, sandwiches and more. In 2019,
Yum! Brands was named to the Dow Jones Sustainability North America
Index and in 2020, the company ranked among the top 100 Best
Corporate Citizens by 3BL Media.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201012005453/en/
Analysts are invited to contact: Keith Siegner, Vice President,
Investor Relations, M&A and Treasurer, at 888/298-6986
Members of the media are invited to contact: Virginia Ferguson,
Senior Director, Public Relations, at 502/874-8200
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Apr 2023 to Apr 2024