Yum! Brands Appoints Sam Su to Board of Directors

Fri Mar 14, 2008 10:50am EDT
 
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Retains position as President, China Division
LOUISVILLE, Ky.--(Business Wire)--
Yum! Brands, Inc. (NYSE: YUM) today announced that Sam Su, 55, has
been appointed to the Board of Directors as Vice Chairman, maintaining
his position as President of the China Division. He will continue to
reside in Shanghai in this capacity for the long-term.

   "Sam Su is the pre-eminent pioneer of a booming restaurant
category in the world's fastest growing economy. He is doing an
outstanding job building leading brands in China in every significant
restaurant category, which is our number one growth strategy. His
long-term commitment to leading our China business has and will
continue to drive breakthrough results. I am very pleased Sam is
joining our Board of Directors as Vice Chairman, given his overall
knowledge of the business and the unique perspective he brings from
this rapidly expanding and highly profitable market," said David C.
Novak, Yum! Brands Chairman and Chief Executive Officer.

   The China Division operates across 450 cities in Mainland China,
with 2,140 KFC quick service restaurants, 351 Pizza Hut casual dining
restaurants, and 53 Pizza Hut Home Service units. It also has created
and is testing East Dawning, a quick service restaurant concept
serving Chinese food. The Company outpaces its nearest competitor,
McDonald's, by more than 1,000 restaurants in China, and is outpacing
their development by a roughly 3:1 pace. In 2007, the Company's China
Division added a record 471 new-restaurant openings and delivered 30%
operating profit growth. Recent Chinese government studies indicate
the middle class in Mainland China is over 250 million people, with an
economy growing in the low double-digits, creating significant
long-term demand for the Company's brands and rapid new-unit
development. The China Division also includes KFC in Taiwan and KFC
and Pizza Hut in Thailand.

   Yum! Brands Inc., based in Louisville, Kentucky, is the world's
largest restaurant company in terms of system restaurants with over
35,000 restaurants, which includes over 2,000 licensed restaurants, in
more than 100 countries and territories. Four of the company's
restaurant brands -- KFC, Pizza Hut, Taco Bell and Long John Silver's
-- are the global leaders of the chicken, pizza, Mexican-style food
and quick-service seafood categories respectively. Yum! Brands is the
worldwide leader in multibranding, which offers consumers more choice
and convenience at one restaurant location from a combination of KFC,
Taco Bell, Pizza Hut, A&W or Long John Silver's brands. The company
and its franchisees today operate over 3,500 multibrand restaurants.
Outside the United States in 2007, the Yum! Brands' system opened
about three new restaurants each day of the year, making it one of the
fastest growing retailers in the world. For the past four years, the
company has been recognized as one of Fortune Magazine's "Top 50
Employers for Minorities." It also has been recognized as one of the
"Top 50 Employers for Women" by Fortune, one of the "40 Best Companies
for Diversity" by Black Enterprise Magazine for the past three years,
one of Black Enterprise Magazine's "30 Hottest Franchises for 2006,"
one of the "Corporate 100 Companies Providing Opportunities for
Hispanics" by Hispanic Magazine, one of the "Top 50 Corporations for
Supplier Diversity" by Hispanic Trends Magazine and by BusinessWeek as
one of the "Top 15 Companies for In-Kind Corporate Philanthropy."

Yum! Brands, Inc.
Analysts:
Tim Jerzyk, 502-874-8006
Senior Vice President, Investor Relations/Treasurer
or
Pat Grismer, 502-874-8320
Vice President Investor Relations/Corporate Strategy
or
Quan Nghe, 502-874-8918
Director Investor Relations
or
Media:
Amy Sherwood, 502-874-8200
Vice President Public Relations

Copyright Business Wire 2008

 

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