---
title: "Yum! Brands Names Target CEO as Chairman"
url: https://burnaze.com/article/ce040bfa-052d-4311-aa13-72c332d3196d
source: "1851 Franchise"
original_url: https://1851franchise.com/yum-brands-names-target-ceo-as-chairman-2708505
category: "Franchisors"
industry: "Franchise Industry"
segment: "Franchisors"
topics: ["Finance & M&A","People"]
published: 2018-11-20T15:10:01.000Z
modified: 2026-11-01T04:08:11.992Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/b50cb849873f22278a95c9b6e26026d03051.jpg
---

# Yum! Brands Names Target CEO as Chairman

**TL;DR:** Yum! Brands has appointed Target CEO Brian Cornell as its non-executive chairman, succeeding retiring chairman Robert Walter. Cornell has served on the Yum! Brands board since 2015 and previously served as CEO of PepsiCo Americas Foods.

*originally published in 1851 Franchise on 2018-11-20. [Read the original](https://1851franchise.com/yum-brands-names-target-ceo-as-chairman-2708505).*

## Story

Yum! Brands has hired Target chairman and CEO Brian Cornell as its non-executive chairman, the company announced. According to an article in QSR Magazine, Cornell has served on the Yum! Brands board since 2015 in conjunction with his role at Target. He also previously served as CEO of PepsiCo Americas Foods before joining Target’s executive team.

The parent company of Taco Bell, KFC, Pizza Hut and several other franchise brands made the move in the wake of current non-executive chairman Robert Walter’s decision to retire from the role. Walter will remain a board member for Yum! Brands.

“Brian’s tremendous leadership of one of the world’s largest and most innovative retailers has brought a unique perspective and wealth of knowledge, consumer insights and best practices to Yum! Brands,” CEO Greg Creed said in a statement.

## Entities

- 1851 Franchise (publication)
- Franchise Industry (sector)
- Taco Bell (company)
- executive appointment (topic)
- KFC (company)
- Pizza Hut (company)
- Yum Brands (company)
- leadership change (topic)
- Target (company)
- PepsiCo (company)
- board membership (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/yum-brands-names-target-ceo-as-chairman-2708505). Summarized by Burnaze (https://burnaze.com/article/ce040bfa-052d-4311-aa13-72c332d3196d).