Yum! reorganizes international business, personnel
Nov. 22, 2011
by Eric Schroeder
LOUISVILLE, KY. — Yum! Brands, Inc. has reorganized its Yum! Restaurants International division (YRI), including separating its India business from YRI and making several promotions.
According to Yum!, the standalone India business now will be known as Yum! Restaurants India. Niren Chaudhary will lead the company as president. Mr. Chaudhary joined the Yum! in 1994, overseeing KFC in The Netherlands and Germany. He took over the company’s India operations in 2007, and since that time, he and his team have grown the business, with system sales up 42% year-to-date. He has adopted best operating and development processes from the company’s China division and applied those to India.
“We have separated our India business from YRI to create a standalone reporting division to underscore the potential scale of this exciting emerging market for Yum! Brands,” said David C. Novak, chairman and chief executive officer of Yum! Brands, Inc. “There is clear evidence that we are at the same stage of development as we were in China at a similar juncture in its life cycle, and I’m confident we will turn India into a major growth engine for Yum! under Niren Chaudhary’s inspiring leadership.”
Additionally, Micky Pant was promoted to c.e.o. of YRI, replacing Graham Allan, who is retiring from the company early in 2012. Mr. Pant most recently was president of YRI and global branding. He joined Yum! in 2005 as chief marketing officer, following senior-level marketing positions at Unilever P.L.C., PepsiCo, Inc. and Reebok.
“The growth at Yum! Restaurants International during the past eight years under Graham Allan’s leadership has been stellar,” Mr. Novak said. “YRI is a global powerhouse, having opened more than 7,500 new restaurants and grown its system-wide sales from $8.4 billion to more than $15 billion during Graham’s tenure as c.e.o. Graham Allan has established the strategies, structure and people capability that have proven so successful to our international expansion.”
Mr. Novak said Mr. Pant’s promotion pleased him and that it ensures “a seamless transition in leadership.”
“Micky is an exceptional strategic and conceptual thought leader, who has tremendous passion, energy and commitment to building our business and satisfying our customers,” Mr. Novak said. “He has also forged outstanding relationships with our franchisees and is a culture champion who has mentored and developed outstanding leaders across our company.”