SHANGHAI – Yum China Holdings Inc. announced that Chief Financial Officer Jacky Lo will be leaving the company effective Oct. 16. Ka Wai Andy Yeung will take over the role upon Lo’s departure.
"We are grateful for all of the contributions Jacky has made to the Company and recognize the critical role he played in growing and strengthening our business since the spin-off, as well as for his ongoing engagement on succession discussions to ensure a smooth CFO transition," said Joey Wat, CEO of Yum China.
Lo held the role of CFO since June 2017. He is leaving the company to pursue professional opportunities in Hong Kong.
"We are pleased to welcome Andy to our team. Andy brings a wealth of knowledge to this critical role, and his deep experience in all facets of finance will be a tremendous asset to our Company,” Wat said. “We look forward to working closely with him as we continue to capitalize on market opportunities and work to generate significant long-term value for our shareholders."
Yeung served as CFO for Smart Financial International Ltd. from April 2017 to August 2019. Previous to that, he served as CFO of Cheetah Mobile Inc., a mobile internet company headquartered in Beijing, from January 2014 to March 2017.
He is a graduate of the Yale University School of Management with an MBA degree and the Univ. of California-Berkeley with dual degrees in Mechanical Engineering and Applied Mathematics.
Yeung will join the company as its Chief Financial Officer-Designate on Sept. 16 and will move to the CFO position starting Oct. 16.