Taco Bell Yum is all set to have its next CEO in the coming year.
Taco bell’s parent company Yum brands said on Monday that David Gibs has been tapered as CEO effective Jan 1, 2020.
Gibs was precedent by Greg Creed who has been with Yum for 25 years now and will be retiring henceforth.
The 55-year-old serves currently as Yum’s president and chief operating officer.
Operating global chains that include Pizza Hut, KFC and Taco Bell. Gibbs was also appointed on the company’s board effective Nov.
I’ve had the privilege of partnering with our franchisees to grow the three iconic brands within the Yum! Brands portfolio for over 30 years and am honored follow in Greg’s footsteps,” Gibbs said in a statement.
“I am excited to accept this new role as we conclude the third and final year of our company’s strategic transformation,”
He also continued. “Because of our journey to become more
1.focused,
2.franchised
3.efficient
we’re now in the best position we’ve ever been in to accelerate growth
And also said that to improve franchise unit economics, but we still have more to achieve.”
The company has claimed that Creed will remain on the company’s board of directors and advisors as of next year.
The best of Yum! is still to come and I’m delighted we have an exceptional leader like David who will drive the next wave of growth for our company,” Creed said in a statement.
One thing is for sure that Creed has left the company with an unprecedented success something that was very questionable when David Novak retired from the company.
When Novak retired he left behind big shoes to fill something that Greg Creed did fill really well Creed will be leaving his own inedible footprint on the restaurant industry.
Now, what is yet to be seen us if Gibs would be doing the same.
