Yum! Brands: appoints two members to its board

Louisville / KY. (yb) Yum! Brands Inc. announced that Greg Creed, 57, who will become Chief Executive Officer of the Company on January, 01, 2015, was formally appointed as a Director of the Board. Additionally, the Company appointed Elane B. Stock, 50, to its Board of Directors. Stock is the Group President of Kimberly-Clark International, comprising its operations in Asia-Pacific, Latin America, Middle East, Europe and Africa. The appointments are effective immediately. «I am very pleased the Board appointed Greg Creed as a Director of our Company, furthering our seamless leadership transition», said David Novak, Chairman and CEO, Yum! Brands. «Greg walks the talk of our culture, is a visionary business leader and will make an outstanding Director and CEO of Yum Brands». Creed currently serves as Chief Executive Officer of Taco Bell and is a 20-year veteran with the Company. As previously reported, he will become CEO on January 01, 2015, at which time Novak becomes Executive Chairman of the Board. «Elane Stock also will make an outstanding addition to the Yum! Brands Board of Directors. Elane leads a global business portfolio for one of the world´s leading consumer products companies, with a successful career in packaged goods and strategic consulting. As we continue to build dynamic, vibrant brands through superior marketing, breakthrough innovation and compelling value, Elane´s specific expertise will complement our efforts to distinguish our brands around the world», said Novak.