Taco Bell makes 3 major changes to international leadership
Taco Bell International has announced that current president Melissa Lora will retire next summer, at which time CFO Liz Williams will step into that key role, according to a news release.
Lora has held the post since its creation in 2013 when the brand took over international expansion from Yum Brands.
"Everyone at Taco Bell has been positively impacted by the contributions of Melissa Lora over the last 30 years," Taco Bell Corp. CEO Brian Niccol said in the release. "I have had the privilege of working with many talented people, and Melissa is one of the brightest and most thoughtful leaders in the business.
"Her accomplishments have made an enduring impact on our people, culture and business, and have paved the path for us to continue opening new restaurants around the world, pursuing our path to more than 9,000 restaurants by 2022."
Lora started at the brand as a development analyst in 1987, and worked her way up through the finance and development departments before stepping into the role of vice president and general manager for the northeast U.S. She subsequently was named chief financial and development officer, a position she filled for 12 years.
As president of Taco Bell International, she has been instrumental in helping the brand to achieve a record number of new restaurant openings and enter five new countries.
As CFO, Williams has delivered strong returns, best-in-class margins and financial performance that has taken Taco Bell restaurant growth to a 20-year high, the release said.
Williams will be succeeded as CFO by Rahul Shinde, who joins Taco Bell Corp. from KFC India, where he served as general manager. Shinde led the transformation and turnaround of KFC India, building a high-performing team and a one-system culture that helped to make KFC India distinctive, relevant, and profitable for the first time in its history, the release said.
Topics: Human Resources