Yum! Brands Inc. Promotes Carucci President and Grismer Chief Financial Officer
Yum! Brands, Inc. (NYSE: YUM) today announced the promotion of Rick Carucci, 54, to President of the Corporation, reporting to Chairman and Chief Executive Officer, David C. Novak. Carucci has served as the Company's Chief Financial Officer since 2005. Reporting to Carucci will be the leaders of Taco Bell, KFC and Pizza Hut in the U.S., Yum! Restaurants International (YRI) and Corporate Finance.
Continuing to report to Novak are the CEOs of China, the Company's largest, highest growth and most profitable division, and India, a newly formed division designed to capitalize on future growth, as well as the YUM corporate functional leaders. The Company also announced the promotion of Patrick Grismer, 50, to Chief Financial Officer, reporting to Carucci. Grismer has previously served as the Company's Chief Planning and Control Officer.
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