SHANGHAI, April 18,
2022 /PRNewswire/ -- Yum China Holdings, Inc.
(the "Company" or "Yum China")
(NYSE: YUMC and HKEX: 9987) today announced the appointment of
Johnson Huang as its first Chief
Customer Officer. The creation of this leadership position is part
of the Company's strategic initiatives to integrate customer
centricity into the Company's brand-driven culture. Warton Wang,
currently the Company's Chief Development Officer, will succeed Mr.
Huang as General Manager, KFC. These appointments will be effective
on May 1, 2022.
Mr. Huang, who currently serves as General Manager, KFC, joined
the Company in 2006 and has held a variety of leadership roles.
Under Mr. Huang's leadership, KFC grew significantly and has been
recognized as an innovative quick service restaurant brand in many
dimensions. Previously, while serving as the Company's Chief
Information and Marketing Support Officer, Mr. Huang helped
Yum China build an industry-leading
IT function and a powerful digital infrastructure. In his new
capacity, Mr. Huang will focus on building capabilities to better
understand and serve customer needs as well as spearhead
cross-functional initiatives, such as cross-brand customer loyalty
programs. He will also oversee the Company's emerging brands –
Lavazza, COFFii & JOY and Taco Bell, and continue to report to
Joey Wat, the Company's Chief
Executive Officer.
Warton Wang, currently the Company's Chief Development Officer,
will become the General Manager, KFC. Mr. Wang is a 24-year
veteran with deep operations expertise, who first joined KFC in
1998 as an operations management trainee. He held various
operations roles within KFC, including as Market Manager of
Hangzhou KFC, the largest regional market of the KFC brand. Mr.
Wang became the Regional Vice President, KFC Field Operations in
2015, and in that position he led various initiatives to improve
KFC's business operations and enhance restaurant efficiency. In
2020, Mr. Wang was appointed as the Company's Chief Development
Officer. He was instrumental for the innovation of the Company's
multiple store formats and growth strategy.
Ms. Wat commented, "Digital is a core growth enabler of
Yum China to unlock tremendous
opportunities. Johnson's new leadership role will enable us to
continuously strengthen our digital capabilities and elevate the
customer experience. With his strong technology background and deep
understanding of the organization, Johnson is most suited for this
new role. Johnson's proven track record of leading KFC in the past
five years gives us confidence that he can transform our emerging
brands into future growth engines for Yum
China."
Ms. Wat continued, "Warton is a home-grown leader with deep
operations experience. He progressed his way up the operations
career path into the leadership team. In his previous capacity, he
demonstrated strong leadership, strategic thinking and the ability
to turn opportunities into tangible results. He has led the
innovation of store formats that accelerated store network
expansion and improved new store payback. I am confident that
Warton will catapult the brand to the next level of success.
Warton will also be an inspiration for our young operations talent
working on the frontlines."
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including
statements regarding the Company's business strategy. We intend all
forward-looking statements to be covered by the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally can be identified by the fact
that they do not relate strictly to historical or current facts and
by the use of forward-looking words such as "expect,"
"expectation," "believe," "anticipate," "may," "could," "intend,"
"belief," "plan," "estimate," "target," "predict," "project,"
"likely," "will," "continue," "should" or similar terminology.
These statements are based on current estimates and assumptions
made by us in light of our experience and perception of historical
trends, current conditions and expected future developments, as
well as other factors that we believe are appropriate and
reasonable under the circumstances, but there can be no assurance
that such estimates and assumptions will prove to be correct.
Forward-looking statements are not guarantees of performance and
are inherently subject to known and unknown risks and uncertainties
that are difficult to predict and could cause our actual results or
events to differ materially from those indicated by those
statements. We cannot assure you that any of our expectations,
estimates or assumptions will be achieved. The forward-looking
statements included in this press release are only made as of the
date of this press release, and we disclaim any obligation to
publicly update any forward-looking statement to reflect subsequent
events or circumstances, except as required by law. Numerous
factors could cause our actual results or events to differ
materially from those expressed or implied by forward-looking
statements. In addition, other risks and uncertainties not
presently known to us or that we currently believe to be immaterial
could affect the accuracy of any such forward-looking statements.
All forward-looking statements should be evaluated with the
understanding of their inherent uncertainty. You should consult our
filings with the SEC (including the information set forth under the
captions "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in our Annual
Report on Form 10-K) for additional detail about factors that could
affect our financial and other results.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brands in
mainland China. It has exclusive rights in mainland China to KFC,
China's leading quick-service restaurant brand, Pizza Hut, the
leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving
innovative Mexican-inspired food. Yum
China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii &
JOY concepts outright. In addition, Yum
China has partnered with Lavazza to explore and develop the
Lavazza coffee shop concept in China. The Company
had 12,163 restaurants in over 1,600 cities at the
end of February 2022.
In 2021, Yum China ranked # 363 on the Fortune 500 list and
was named to TIME100 Most Influential Companies list. Yum China has also been selected as member of
both Dow Jones Sustainability Indices (DJSI): World Index and
Emerging Market Index. In 2022, the Company was named to the
Bloomberg Gender-Equality Index and was certified as a Top Employer
2022 in China by the Top Employers
Institute, both for the fourth consecutive year. For more
information, please visit http://ir.yumchina.com.
Investor Relations Contact:
Tel: +86 21 2407 7556 /+852 2267 5801
IR@YumChina.com
Media Contact:
Tel: +86 21 2407 7510
Media@YumChina.com
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SOURCE Yum China Holdings, Inc.