Yum! Brands, Inc. (NYSE: YUM) announced today the appointment of
Brian Cornell to its Board of Directors. Cornell is the Chairman and
Chief Executive Officer of Target Corporation (NYSE: TGT). The
appointment is effective immediately.
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Yum! Brands, Inc. (NYSE: YUM) announced today the appointment of Brian Cornell to its Board of Directors. Cornell is the Chairman and Chief Executive Officer of Target Corporation (NYSE: TGT). The appointment is effective immediately. (Photo: Business Wire)
“Brian will make an outstanding addition to the Yum! Brands Board of
Directors,” said David Novak, Executive Chairman, Yum! Brands. “Brian is
a seasoned retail and consumer products veteran. He brings a wealth of
knowledge and best practices to YUM leading one of the largest and most
innovative retail companies in the world.”
“We are thrilled to welcome Brian to the Yum! Brands Board of
Directors,” said Greg Creed, Chief Executive Officer, Yum! Brands. “As
we continue to build three iconic global brands that people trust and
champion through insight-driven marketing, breakthrough product
innovation and digital leadership, Brian’s expertise will complement our
efforts to strengthen and grow our brands around the world and deliver
strong performance for our shareholders over the long term.”
Cornell, 56, has more than 30 years of experience at leading retail and
global consumer product companies. Prior to joining Target in August
2014, Cornell served as CEO of PepsiCo Americas Foods where he oversaw
the company’s global food business, the largest of PepsiCo’s four
divisions. He was responsible for a portfolio that included Frito-Lay
North America, Quaker Foods and all of PepsiCo’s Latin America food and
snack businesses. Before joining PepsiCo in 2012, Cornell served as
president and CEO of Sam’s Club, a division of Wal-Mart Stores, Inc.
Cornell also held the position of CEO at Michaels Stores, Inc., and
prior to that, executive vice president and chief marketing officer for
Safeway.
Yum! Brands, Inc., based in Louisville, Kentucky, has over 41,000
restaurants in more than 125 countries and territories. Yum! is ranked
#228 on the Fortune 500 List with revenues of over $13 billion in 2014
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.
Outside the United States, the Yum! Brands system opens over five new
restaurants per day on average, making it a leader in international
retail development.
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