Pant has been CEO and a member of the board of directors of Yum China since its spin-off from Yum! Brands Inc., which was completed last November. Before the spin-off, he was CEO of Yum! Restaurants China, a division of Yum! Brands.
“We are exceptionally grateful to Micky for leading the company through its spin-off and building a solid foundation as an independent company,” said Fred Hu, Ph.D., chairman of the board. “We thank Micky for his many significant contributions and are pleased that he will be Vice Chairman of the Board and will also continue to serve the company as its senior adviser in order to ensure a seamless transition to Joey.”
“Joey is an extraordinarily talented executive and the ideal leader to become our next CEO,” Hu said. “Joey has a strong track record of achieving results, and with her unique ability to translate vision and strategy into future world-class operations, I have no doubt that the Yum China business will continue to grow under her strong leadership. Leveraging the unprecedented growth opportunity that China presents, the board and the Yum China team are confident that she is the best person to take the company to its next level.”