WASHINGTON (dpa-AFX) - Yum! Brands Inc. (YUM) announced the promotion of Rick Carucci, 54, to President of the Corporation, reporting to Chairman and Chief Executive Officer, David Novak. Reporting to Carucci will be the leaders of Taco Bell, KFC and Pizza Hut in the U.S., Yum! Restaurants International (YRI) and Corporate Finance.
Carucci has served as the Company's Chief Financial Officer since 2005. Before becoming the Company's CFO in 2005, Carucci served as CFO and head of Development of its International Division.
The company also announced the promotion of Patrick Grismer, 50, to Chief Financial Officer, reporting to Carucci. Grismer has previously served as the Company's Chief Planning and Control Officer. He previously served in a series of domestic and international finance positions, including Chief Financial Officer of YRI, Corporate Vice President of Strategy and Investor Relations, Chief Financial Officer of Pizza Hut (UK), Vice President of Planning at YRI, and Senior Director of Finance at Taco Bell.
Prior to joining the Company, Grismer spent ten years at The Walt Disney Company in a series of finance executive positions, including Vice President of Strategic Planning and New Business Development for The Disneyland Resort. He also served as a senior consultant at Price Waterhouse.
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