Yum! Brands

David Novak’s Global Vision

The photos are the first thing people notice when they walk into David Novak’s office.

Hundreds of pictures cover the walls and even the ceiling. They show Novak, Yum! Brands Inc.’s chairman and CEO, with smiling restaurant managers, office staffers, and other employees honored for noteworthy achievement.

The winners get more than just a picture. They also win cash and the Yum! Award, a set of plastic smiling teeth with legs, denoting they “walk the talk” of leadership.

Yum's Same-Store Sales Up 14% in China

During his company’s first-quarter earnings call today, Yum! Brands CEO David Novak sounded a now-familiar refrain, once again lauding the company’s wildly successful international markets.

In China, Yum’s same-store sales shot up 14 percent from the previous quarter and are “performing at an unbelievable level,” Novak told investors. The international segment of Yum’s business now comprises more than 70 percent of its operating profit, he said.

How CEOs Can Make Big Things Happen

Quick-serve executives have a wide range of leadership strategies. While some believe that leading from behind the doors of their corner office is a suitable way to grow a business, others have found that the only path to success is leading by example and inspiring employees to be the best they can be.

For an example of the latter, look no farther than the CEO of the largest restaurant company in the world.

China Continues to Be Major Engine for Yum Growth

With more than half of Yum! Brands' profits now derived from stores in 73 emerging countries outside the U.S., Yum CEO David Novak said the company sees global growth as one of its biggest opportunities in 2012.

Novak said that China in particular is “the best restaurant growth opportunity of the 21st Century."

Wendy’s Appoints R. Scott Toop to SVP, General Counsel

The Wendy’s Company today announced the appointment of R. Scott Toop, 57, as senior vice president, general counsel, secretary, and a member of its Executive Leadership Team, effective today. Toop will report to Wendy’s President and Chief Executive Officer Emil Brolick.

A proven leader with extensive strategic legal and business experience, Toop has served as EVP and general counsel for Tim Hortons Inc., in Oakville, Ontario, since 2009.

The 100 Biggest Stories of 2011

1. Roark Capital Buys Arby’s

With concerns about the economy running high, restaurant industry mergers and acquisitions dipped noticeably.

None of 2011’s mergers came close in value to the previous year, when Burger King and CKE, parent of Carl’s Jr. and Hardee’s, were each sold for more than $1 billion. Instead, there were smaller deals and one big buyer, Roark Capital Group.

Yum Shakes Up International Division

Yum! Brands Inc. announced it has reorganized its Yum! Restaurants International division (YRI) to continue to drive aggressive international expansion and build strong brands globally.

The company also announced that Micky Pant was promoted to chief executive officer of YRI, replacing Graham Allan who is retiring from the company early in 2012. Pant most recently served as president of YRI and Global Branding.

Yum! Brands, NASCAR Drive Together Against Hunger

NASCAR driver David Gilliland was on the fast track to share the Yum! Brands, Inc. World Hunger Relief message last weekend at Talladega Superspeedway in Alabama. Gilliland’s No. 34 Ford Fusion sported the World Hunger Relief logos and decals from Yum! Brands, Inc., KFC, Pizza Hut, and Taco Bell, as he got behind the wheel at NASCAR’s fastest track.

Technomic Aims to Help Operators Get Into BRIC

In an industry where domestic growth has been elusive, U.S.-based restaurant chains are attempting to evolve into truly global brands, reaching emerging markets where less industry saturation and competition exists. As chains seek to establish footholds in these untapped markets, they are challenged to strike a balance between maintaining their brand identities while tailoring menu items and service formats to local preferences.

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