Industry News | June 14, 2005

YUM! Brands Named Among “30 Best Companies for Diversity”

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Black Enterprise magazine recognized the level of minority representation at Yum! in categories including procurement, senior management, and total workforce diversity.

Yum! Brands, Inc., has been named one of Black Enterprise magazine’s “30 Best Companies for Diversity” for its comprehensive results across key diversity measures. Black Enterprises “30 Best Companies for Diversity” survey appears in its July 2005 issue. The magazine surveyed over 1,000 public companies and made its selection based on the level of African-American and ethnic minority representation in four categories including Board of Directors, procurement, senior management and total workforce diversity.

Yum! Brands, parent company of A&W All-American Food, KFC, Long John Silver's, Pizza Hut and Taco Bell, ranks high for its diverse employee base. “Yum! Brands captures a high spot in workforce diversity, with ethnic minorities composing more than 50 percent of all U.S. employees,” the magazine says. Over fifty-four percent of YUM’s U.S. workforce are minorities. Black Enterprise president and COO, Earl Graves, Jr. told Yum! Brands, “You represent the gold standard for diversity. We are proud to celebrate your unwavering commitment to establishing and maintaining the type of inclusion programs and initiatives that are consistent with our definition of true diversity in the workplace.” “We’re honored to be recognized for our diversity achievements,” says David C. Novak, Chairman and CEO, Yum! Brands, Inc. “Black Enterprise magazine’s recognition, in addition to our ranking by Fortune magazine as one of the top 50 ‘Best Companies for Minorities,’ only serves to fuel our passion to get better and better, as we know diversity helps drive our business by connecting us even more closely to the customers we serve.”

Yum!’s diversity strategy includes employment, leadership development, purchasing, and community involvement. The company and its franchise partners support leading community organizations such as the Congressional Black Caucus; NAACP; National Urban League; National Council of LaRaza; U.S. Pan Asian Chamber of Commerce; MultiCultural Foodservice & Hospitality Alliance, and the Women’s Foodservice Forum, among others.