US EditionFast food CEO who led expansion spree will retire
- David Gibbs, the 62-year-old CEO of Yum Brands, which owns Taco Bell, Pizza Hut, KFC and Habit Burger & Grill, announced his plans to retire in the first quarter of 2026 after more than five years in the role.
- Gibbs, who has been with Yum Brands since 1989 and became CEO in January 2020, will continue to lead the company while the board's succession planning committee searches for his replacement.
- During his tenure, Gibbs oversaw the opening of thousands of new stores and the acquisition of Habit Burger & Grill, as well as the implementation of new technologies, including a deal with Nvidia to automate drive-thrus and enhance operations.
- Yum's annual sales rose from $52.6 billion in 2019 to $65.5 billion in 2024, with digital sales reaching $30 billion, and the board of directors commended Gibbs for his “transformative impact” on the company.
- Gibbs' successor will inherit a growing global conglomerate with 61,000 restaurants, facing challenges such as balancing international growth, particularly in China where KFC and Pizza Hut derive significant sales, and maintaining sales growth across all brands, as Taco Bell and KFC account for 86% of Yum's divisional operating profit.
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