Joey Wat Explained

Joey Wat
Birth Place:Fujian, China
Alma Mater:Hong Kong University, Northwestern University's Kellogg School of Management
Occupation:CEO of Yum China
Employer:Yum China
Spouse:John H. Ott

Joey Chui Yung Wat (; born c. 1971) is the chief executive officer of Yum China. She also was CEO of KFC China, managing director of A.S. Watson Group UK, and spent seven years in management consulting.[1] [2] [3]

As of May 2020, she is one of only 37 female CEOs on the Fortune 500.[4]

Early life and education

Wat was born on June 26, 1971, in a poor neighborhood near Fuzhou, China.[5] Wat's family moved to Hong Kong circa 1980. Wat worked nights to support her family, while going to school during the day.[6] She worked at a factory that created plastic flower arrangements starting at the age of nine.[7] [8] and also worked as a waitress between the ages of 15 and 18.[9] She graduated third in her class in high school and won the Hong Kong Outstanding Students Award.[10]

After high school, Wat attended the University of Hong Kong, where she studied development economics. After graduating with first-class honors in 1994,[11] [12] she returned to her hometown in Fuzhou. She saw that the area had prospered due to private investment. She decided to go into business, initially working at AT Kearney, a business consultancy. Then, she moved to the United States to attend Northwestern University's Kellogg School of Management,[13] where she earned a Master's degree in Business Administration.[14]

Career

Wat started her career as a consultant at A.T. Kearney,[15] and then from 2000 to 2003 as a management consultant at McKinsey & Company in Hong Kong.[16] [17]

She joined A.S. Watson Group UK in 2004, becoming head of strategy for over 10 countries in Europe and managing director of A.S. Watson Group UK. In September 2014, she moved back to China and joined Yum China, where she was president of KFC China before being promoted to chief executive officer of KFC China in 2015. Wat then was president and chief operating officer of Yum China and became a member of the firm's board of directors in 2017. Since March 1, 2018, she is its chief executive officer.[18] [19]

Recognition

Wat was included in Forbes list of the World's 100 Most Powerful Women for 2023,[20] 2022,Web site: The World's Most Powerful Women 2022 . Forbes . December 6, 2022 . January 24, 2024. and 2021[21] as well as Fortune Magazines list of Most Powerful Women in 2023 and 2020.[22] She appeared on Fortune Chinas list of China's 50 Most Influential Business Leaders in 2023,News: Chinese. 2023年中国最具影响力的50位商界领袖. Fortune China. October 25, 2023. 2022,News: 2022年中国最具影响力的50位商界领袖. Fortune China. November 1, 2022. Chinese. 2021,News: 2021年中国最具影响力的50位商界领袖. Fortune China. November 9, 2021. Chinese. and 2018.News: 2018年中国最具影响力的50位商界领袖. Fortune China. December 11, 2018. Chinese. [23] as well as Business Insiders list of 100 People Transforming Business in Asia in 2020.[24] She was also named to Forbes China's list of Top 100 Businesswomen in 2023,[25] 2022,[26] 2021,[27] 2020,[28] and 2019,News: 2019福布斯:中国最杰出商界女性排行榜. Forbes China. Chinese. and Fortune China's Most Powerful Women in Business list in 2023,[29] 2022,News: 2022年中国最具影响力的商界女性. November 1, 2022. Fortune Magazine. Chinese. 2021,News: 2021年中国最具影响力的商界女性. Fortune Magazine. November 9, 2021. 2020,News: 2020年中国最具影响力的商界女性. Fortune Magazine. December 1, 2020. Chinese. and 2018.[23] [30]

See also

Notes and References

  1. News: Why Joey Wat decided to take on a challenging job opportunity — that had a high risk of failure. Gibbs. Alexandra. 2018-04-10. CNBC. 2018-08-08.
  2. Web site: Joey Wat: Executive Profile & Biography - Bloomberg. www.bloomberg.com. 2018-08-08.
  3. News: Yum China Looks to KFC For Next CEO. Armental. Maria. 2017-10-05. Wall Street Journal. 2018-08-08. 0099-9660.
  4. Web site: The number of female CEOs in the Fortune 500 hits an all-time record. Hinchliffe. Emma. May 16, 2019. May 19, 2019.
  5. Web site: Shah . Oliver . Street smart fighter puts smiles back at Superdrug . The Times & The Sunday Times . January 19, 2014 . October 25, 2023.
  6. Web site: 以同理心執掌餐飲王國 屈翠容：在百勝員工排第一 . 經濟一週 . March 11, 2023 . November 1, 2023.
  7. Web site: Shapiro . Eben . Joey Wat, CEO of Yum China, Shares Lessons On Controlling COVID . Time . December 6, 2020 . October 31, 2023.
  8. Book: Lussier, Robert N. . Achua . Christopher F. . Leadership: Theory, Application, & Skill Development . Cengage Learning . Australia Brazil Singapore United Kingdom United States . 2015-01-01 . 1-285-86635-5 . 397-400.
  9. Web site: Gibbs . Alexandra . Why the CEO of Yum China wants young professionals to keep on learning . CNBC . April 6, 2018 . October 31, 2023.
  10. Web site: 【信報月刊】以同理心管理45萬員工 百勝中國屈翠容不賺錢的經營智慧 . 信報編輯推介 . May 31, 2022 . zh . November 20, 2023.
  11. Web site: 俠女屈翠容Joey . 信報網站 hkej.com . November 20, 2023 . zh . November 20, 2023.
  12. Web site: 屈翠容小档案 _大公网 . 大公网 . March 8, 2023 . zh . November 20, 2023.
  13. Web site: Serwer . Max Zahn with Andy . Cultural differences ‘overrated’ as obstacle to US-China relations: Yum China CEO . Yahoo Finance . May 15, 2021 . November 9, 2023.
  14. Web site: Catering to consumers' evolving preferences . Chinadaily.com.cn . April 13, 2018 . October 31, 2023. He. Wei.
  15. News: The lessons learned during my restaurant job were some of the most important of my career, says Yum China CEO. Gilchrist. Karen. 2018-04-13. CNBC. 2018-08-08.
  16. News: Yum China appoints next CEO. Rebekah . Schouten. 2017-10-09. 2018-08-08.
  17. Web site: Joey Wat insider trading (SEC form 4) – wallmine.com. wallmine.com. June 21, 2024. 2018-08-08.
  18. News: Yum China (YUMC) Says CEO Micky Pant to Transition to Vice Chairman, Joey Wat to Succeed. StreetInsider.com. October 5, 2017. 2018-08-08.
  19. Web site: Yum China promotes Joey Wat to CEO. www.poandpo.com. October 9, 2017. 2018-08-08.
  20. Web site: The World's Most Powerful Women 2023 . Forbes . December 5, 2023 . January 24, 2024.
  21. Web site: THE WORLD'S MOST POWERFUL WOMEN 2021 . Forbes Africa . December 15, 2021 . February 26, 2024.
  22. Web site: Most Powerful Women . Fortune . December 18, 2023 . January 26, 2024.
  23. Web site: Birch . Kate . How Yum China is driving innovation in the restaurant space . Business Chief Asia . August 10, 2023 . January 24, 2024.
  24. Web site: Women lead 10% of Fortune 500 Companies . wetexas.biz . January 26, 2024.
  25. News: Forbes. 2023福布斯: 中国杰出商界女性100. Chinese. January 26, 2024.
  26. News: Forbes. 2022福布斯: 中国杰出商界女性100. January 26, 2024. Chinese.
  27. News: Forbes. 2021福布斯中国杰出商界女性榜 . Chinese. January 26, 2024.
  28. News: 163.com. 《2020福布斯中国商界女性排行榜》前十名照片曝光. January 26, 2024. Chinese.
  29. News: 2023年《财富》中国最具影响力的商界女性. October 25, 2023. Fortune Magazine. Chinese.
  30. News: 2018年中国最具影响力的25位商界女性. December 11, 2018. Chinese.

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