David Gibbs (businessman) explained

David Gibbs is an American businessman and CEO of Yum! Brands Inc.

Career

Gibbs became the CEO of Yum! Brands Inc. on January 1, 2020.[1] Before that, he served as the company's president and chief operating officer beginning in January 2019, and president and chief financial officer before that. He became a director of the board in November 2019.[2] [3] [4]

Gibbs joined Yum! in 1989, and his service to the company has included worldwide planning, finance, international market management, overall operations and real estate.[5]

He was also CEO of Pizza Hut, which is owned by Yum!, president and CFO of Yum! Restaurants International, Yum! Brands chief strategy officer and served in various real estate and restaurant development leadership roles in KFC, Pizza Hut and Taco Bell.[6]

In 2021, Gibbs's total compensation from Yum! Brands was $27.6 million, representing a CEO-to-median worker pay ratio of 2,108-to-1 for the company.[7] In 2023, Gibbs's total compensation at Yum! Brands was $21.2 million, or 1,205 times the median employee pay at Yum! Brands for that year.[8]

Education

Gibbs received his BS in mathematics from the Johns Hopkins University and his MBA in finance from the Fuqua School of Business at Duke University.[9]

Notes and References

  1. News: Klein . Danny . Yum! Brands' CEO Greg Creed to Retire .
  2. News: Haddon. Heather. Yum Taps Company Veteran as Next CEO. The Wall Street Journal. August 12, 2019. April 15, 2020.
  3. News: Balu. Nivedita. Yum Brands promotes COO David Gibbs to top job. Reuters. August 12, 2019. April 15, 2020.
  4. News: Lalley. Heather. Yum Brands names David Gibbs CEO. Restaurant Business magazine. August 12, 2019. April 15, 2020.
  5. News: Badkar. Mamta. Yum Brands promotes David Gibbs to chief executive. Financial Times. August 12, 2019. April 15, 2020.
  6. News: Staff. YUM! Promotes David Gibbs to President, COO. QSR magazine. January 28, 2019. April 15, 2019.
  7. Web site: Jackson . Sarah . 2022-07-22 . Here are the 20 companies with the biggest pay gap between CEOs and workers in 2021, including Amazon, Apple, Starbucks, and McDonald's . live . https://web.archive.org/web/20240214091537/https://www.businessinsider.com/these-20-companies-have-biggest-ceo-to-worker-pay-ratios-2022-7?op=1#3-mcdonalds-2251-to-1-3 . 2024-02-14 . 2024-08-31 . . en-US.
  8. Web site: Anderson . Sarah . 2024-08-29 . Executive Excess 2024: The “Low Wage 100” corporations are enriching CEOs at the expense of workers and long-term investment . live . https://web.archive.org/web/20240829154904/https://ips-dc.org/wp-content/uploads/2024/08/executive_excess_2024_ips_report.pdf . 2024-08-29 . 2024-08-31 . Institute for Policy Studies.
  9. Web site: David Gibbs biography. January 2020. Senior Officers. April 15, 2020.

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