Yum! Brands Asian markets continue to surge, fueled by red-hot growth, said CEO David C. Novak during the company’s second-quarter earnings call on July 19th. Taco Bell, with a 13 percent increase in same-store sales, continues to be the most profitable brand for the company’s U.S. market.
SONIC welcomes two new members to its Oklahoma City corporate leadership team as part of a continued effort to build upon positive momentum for the brand: Mike Gallagher, vice president of market planning and franchising, and Todd Smith, vice president of marketing.
“These two new members of the executive team bring top-tier experience and leadership to SONIC and fill vital roles,” says Clifford Hudson, chairman of the board and chief executive officer for Sonic Corp. “We continue to invest in talent that brings new insights and will positively impact the momentum of the brand.”
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.
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.
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.
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."
QSR has been reporting on the largest companies in the quick-service segment for nearly 15 years. For many of those years (now more than a decade), we’ve also delivered a top-level ranking called the QSR 50 each August.
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.
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! 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.