YUM! Brands, Inc. announced the promotion of David Gibbs, to President and Chief Operating Officer, reporting to Chief Executive Officer Greg Creed. Gibbs, has served as President and Chief Financial Officer for the last two years. In his expanded role as President and COO, Gibbs will assume operating leadership of global KFC Division as well as the U.S. and international businesses of Pizza Hut and Taco Bell, with the respective brand leaders reporting to him. Gibbs will retain his current Yum! Brands CFO role, title and responsibilities overseeing corporate strategy, finance, supply chain and information technology, while the Company conducts a search to identify a successor CFO. Since joining in 1989, Gibbs has held a variety of leadership roles in all three of YUM’s global brands, including global strategy, finance, general management, operations and real estate. Most recently, he served as Yum! Brands President and Chief Financial Officer, and was the chief architect of Yum! Brands’ financial, refranchising and restaurant development strategy to transform the company into a capital-light, pure play franchisor.