July 19, 2011
For the seventh consecutive year, Yum! Brands Inc. has been named one of Black Enterprise magazine's "40 Best Companies for Diversity" for its comprehensive results across key measures.
Black Enterprisemagazine's seventh annual list of the best companies for diversity is featured in the July 2011 edition. The publication evaluated diversity programs, consulted with diversity experts and surveyed the top 1,000 of the country's largest public companies and 100 leading global companies with significant U.S. operations.
The selections were based on the number of African-Americans and members of other ethnic minority groups in four categories including supplier diversity, senior management, Board of Directors and total employee base.
Black Enterprisereported that total employee base and Board of Directors are two areas in which Yum! Brands is particularly strong.
"We are proud of this distinction and the progress we have made creating a diverse and inclusive culture," said David Novak, chairman and CEO, Yum! Brands Inc. "This recognition only motivates us to work even harder to create a 'Famous Recognition Culture Where Everyone Counts.'"
More than 50 percent of Yum!'s U.S. workforce are minorities as well as more than 50 percent of the company's new hires. In addition, the company has been named one of Fortune magazine's "Top 50 Employers for Minorities," one of Fortune's "Top 50 Employers for Women," one of the "Corporate 100 Companies Providing Opportunities for Hispanics" by Hispanic Magazine, one of the "Top 50 Corporations for Supplier Diversity" by Hispanic Enterprise Magazine, one of the "100 Best Corporate Citizens" by Corporate Responsibility Officermagazine and by BusinessWeekas one of the "Top 15 Companies for In–Kind Corporate Philanthropy."
Yum! supports minority entrepreneurship through its sponsorship of the National Minority Supplier Development Council, Women Business Enterprise National Council and U.S. Pan Asian American Chamber of Commerce, and is a founding member of the International Franchise Association's Diversity Institute.