News

Yum China board members named

September 16, 2016

Yum! Brands announced Friday nine members for the Yum China board of directors. Seven will be official when the brand's spinoff is complete on Oct. 31, according to a press release. Board Chairperson and Privavera Capital Group founder Dr. Fred Hu will serve as the board's non-executive chairman when the distribution and Primavera investment are complete. The board members include:

• Micky Pant, CEO of Yum China
• Peter A. Bassi, former chairman and president of Yum! Restaurants International and current lead director for BJ's Restaurant and Potbelly Sandwich Works
• Christian L. Campbell, owner of Christian L. Campbell Consulting LLC and former senior VP, general counsel, secretary and chief franchise policy officer of Yum! Brands
• Ed Chan Yiu-Cheong, vice chairman of Charoen Pokphand Group Company Limited
• Edouard Ettedgui, non-executive chairman of Alliance Française, Hong Kong and non-executive director of Mandarin Oriental International Limited
• Louis T. Hsieh, director and senior advisor to the CEO, and former CFO and president of New Oriental Education & Technology Group
• Jonathan S. Linen, director for Yum! Brands and Modern Bank N.A., former adviser to the chairman of American Express Company, and former vice chairman of American Express Company
• Zili Shao, co-chairman of King & Wood Mallesons - China

Yum China will name an additional independent board member, according to a news release.

"I am honored to lead the Yum China board alongside such experienced and talented individuals," said Hu. "My fellow directors bring proven track records of success in the food service, finance, legal and other industries in China. We all also understand this market well, and I look forward to working collaboratively to build a strong business and create sustained value for Yum China shareholders."

Yum China CEO Micky Pant and Yum! Brands CEO Greg Creed stated the board members selected have the "right mix" of industry knowledge and experience to succeed.