Yum Brands names Ranjith Roy as new CFO

Yum Brands, Inc. has appointed Ranjith Roy as its new Chief Financial Officer, effective October 1, 2025.

Rhea-AI Filing Summary

Yum Brands, Inc. has appointed Ranjith Roy as its new Chief Financial Officer, effective October 1, 2025. He will serve as principal financial officer with global responsibility for finance operations.

Roy, age 45, currently serves as Chief Strategy Officer & Treasurer and previously was CFO of ecommerce marketplace Goldbelly, Inc. He also spent about 15 years at Goldman Sachs in senior investment banking roles focused on restaurants and food-related businesses.

Under his offer letter, Roy will receive an annual base salary of $700,000, plus an annual cash bonus targeted at 100% of base salary and capped at three times the target, prorated for 2025 while he serves as CFO. His expected 2026 long-term equity award has a grant date fair value of $1,500,000, split among stock appreciation rights (25%), restricted stock units (25%) and performance share units (50%) for the 2026–2028 period. He is also eligible for standard executive benefit and deferral programs.

Insights

Corporate governance and executive compensation analyst

Yum Brands names a new CFO with a performance-heavy pay package.

Yum Brands appoints Ranjith Roy as CFO effective October 1, 2025, moving him from his role as Chief Strategy Officer & Treasurer. His background at Goldbelly and Goldman Sachs aligns closely with the company’s restaurant and food sector focus.

The compensation structure combines a $700,000 base salary with an annual cash bonus targeted at 100% of salary and up to three times the target, plus a $1,500,000 expected long-term equity award for 2026–2028. The mix of stock appreciation rights, restricted stock units and performance share units emphasizes multi‑year equity incentives.

Future filings covering the 2026 long-term grant and subsequent performance share unit outcomes may provide additional detail on how this package aligns with long-term company performance and shareholder interests.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

Who is the new CFO of Yum Brands (YUM) and when does he start?

Yum Brands appointed Ranjith Roy as Chief Financial Officer, effective October 1, 2025. He will become the company’s principal financial officer, taking global responsibility for finance operations after serving as Chief Strategy Officer & Treasurer since May 2024.

What is Ranjith Roy’s compensation as CFO of Yum Brands (YUM)?

Ranjith Roy will receive a $700,000 annual base salary and an annual cash bonus targeted at 100% of salary, with a maximum of three times the target. His expected 2026 long-term equity award totals $1,500,000 in various stock-based incentives.

How is the 2026 long-term equity award structured for Yum Brands (YUM) CFO?

For 2026, Roy’s expected long-term equity award has a grant date fair value of $1,500,000. It is split into 25% stock appreciation rights, 25% restricted stock units and 50% performance share units covering the 2026–2028 performance period.

What prior experience does Yum Brands (YUM) CFO Ranjith Roy bring to the role?

Before becoming CFO, Roy served as Yum Brands’ Chief Strategy Officer & Treasurer. He was previously CFO of ecommerce marketplace Goldbelly, Inc., and spent about 15 years at Goldman Sachs leading investment banking relationships for restaurants and food-related companies.

Is Yum Brands (YUM) CFO Ranjith Roy’s 2025 bonus fully earned for the year?

Roy’s 2025 annual cash bonus will be prorated for the portion of the year he serves as CFO. The actual payout will depend on the achievement of specific team and individual performance factors defined under Yum Brands’ incentive framework.

What additional benefit plans can Yum Brands (YUM) CFO Ranjith Roy join?

Roy may participate in Yum Brands’ Executive Income Deferral Program and the company’s healthcare, retirement and vacation benefit plans. His participation is governed by the standard terms of these programs, similar to other senior executives at the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/09/2025 - 07:35 AM Learn about SEC filing dates

0001041061false00010410612025-09-082025-09-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

September 8, 2025

________________________

YUM! BRANDS, INC.

(Exact name of registrant as specified in its charter)

Commission file number 1-13163

North Carolina

13-3951308

(State or other jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification No.)

1441 Gardiner Lane,

Louisville,

Kentucky

40213

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code:

(502)

874-8300

Former name or former address, if changed since last report:

N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act

Title of Each Class

Trading Symbol

Name of Each Exchange on Which Registered

Common Stock, no par value

YUM

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 8, 2025, Yum Brands, Inc. (the “Company”) appointed Ranjith Roy as Chief Financial Officer, effective October 1, 2025. In this capacity, Mr. Roy will serve as the Company’s principal financial officer and will assume global responsibility for the Company’s finance operations. Mr. Roy, 45, has been the Company’s Chief Strategy Officer & Treasurer since May 2024, overseeing the strategy, mergers and acquisitions and treasury functions. Mr. Roy previously served as Chief Financial Officer of the ecommerce marketplace Goldbelly, Inc, beginning in May 2021. Prior to that, Mr. Roy spent a cumulative 15 years with The Goldman Sachs Group, Inc., in increasingly senior roles leading investment banking relationships for restaurants, food companies and food tech businesses.

In connection with Mr. Roy’s election as the Company’s Chief Financial Officer, the Company provided Mr. Roy with an offer letter, pursuant to which Mr. Roy will receive an annual base salary of $700,000 and an annual cash bonus with a target value equal to 100% of his base salary and a maximum value equal to three times his target bonus. The actual cash bonus payout will be based on achievement of certain team and individual performance factors and, for 2025, will be prorated for the portion of the year during which he serves as CFO. Mr. Roy’s annual long term equity award for 2026 is expected to have an aggregate grant date fair value of $1,500,000, consisting of stock appreciation rights (25%), restricted stock units (25%) and performance share units (50%) covering the 2026-2028 performance period. Mr. Roy may participate in the Company’s Executive Income Deferral Program, as well as the Company’s other healthcare, retirement and vacation benefit plans and programs in accordance with the terms of such plans. There is no arrangement or understanding between Mr. Roy and any other person pursuant to which Mr. Roy was appointed.

A copy of the press release announcing the above is attached as exhibit 99.1

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1			Press release dated September 9, 2025
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

YUM! BRANDS, INC.

(Registrant)

Date:

September 9, 2025

/s/ Erika Burkhardt

Chief Legal Officer and Corporate Secretary