Yum president leaving under reorganization
NEW YORK (AP) — Yum Brands says its president is leaving as part of a reorganization that will bring together U.S. and international divisions for each of its three chains — KFC, Pizza Hut and Taco Bell.
Rick Carucci, who has been with the company since 1984, plans to retire in March.
The reorganization brings together the global business for each chain. That means Yum will no longer break out U.S. performance of the chains in quarterly financial reports.
The China and India divisions will remain separate because of their size and growth potential, the company said.
Yum has more than 40,000 locations. But its business varies greatly by region; in China, for example, KFC is the company’s flagship chain. Taco Bell has been the strongest performer in the U.S.