Yum Brands: Micky Pant to lead spun-off Yum China after split
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
Logos of KFC, owned by Yum Brands Inc, are seen on its delivery bicycles in front of its restaurant in Beijing February 25, 2013. REUTERS/Kim Kyung-Hoon/File Photo
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
(Reuters) - (Brief corrects to clarify that Micky Pant is expected to take on CEO role of Yum China after spin-off. The new role will replace his current position as head of Yum's China unit, from which he is expected to resign.)
Yum Brands (NYSE: YUM):* In connection with spin-off, Muktesh (Micky) Pant willresign as CEO of Yum's current China division, conditioned onthe completion of the spin-off * Pant is expected then to become CEO of the newly-formedYum China following the spin-off expected later this year * In connection with the spin-off, Jonathan Linen willdepart from the current board and audit committee and willbecome a member of the new Yum China board * Linen's resignation from board and appointment to YumChina's board is expected to be effective as of October 12, 2016
Source text - http://bit.ly/2duFq76
Further company coverage: [YUM.N]
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sense of duty draws U.S. veterans to Dakota pipeline protest
- Syrian rebels weakened in Aleppo battle by their own divisions
- Iran vows 'firm response' unless Obama stops sanctions renewal