>YUM brands CEO suddenly resigned
A director of one of Louisville’s largest publicly traded companies has resigned.
Elane B. Stock resigned as a director of Yum Brands Inc. (NYSE: YUM) on Dec. 22, according to a filing with the U.S. Securities and Exchange Commission.
Stock’s resignation went into effect the same day, the filing states. It also specified that her resignation “was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.”
Stock had been with Yum as a director since 2014.
Louisville-based Yum is the owner of KFC, Taco Bell, Pizza Hut and Habit Burger Grill. It’s Louisville’s second largest publicly traded company, with 2021 revenue of $6.58 billion. It’s also one of the area’s largest employers with about 1,100 local employees.
Stock is the CEO of Atlanta, Georgia-based ServiceMaster Brands LLC, according to her LinkedIn profile.She serves as a non-executive director of Reckitt Benckiser. Along with Yum, she was also a non-executive director of Equifax (NYSE: EFX) from 2016 until 2020.
Before joining ServiceMaster in 2020, Stock served as Group President of Kimberly-Clark International, a division of Kimberly-Clark Corporation, a global consumer products company, from 2014 to 2016, according to Yum’s most recent proxy filing.
Stock earned $260,000 in stock awards in 2021,according to the proxy filing. In total, she owned 25,577 units.
Yum’s board of directors is made up of 10 independent directors: Paget Alves, Keith Barr, Mirian M. Graddick-Weir, Thomas C. Nelson, Chris Connor, Justin Skala, Brian C. Cornell, Tanya Domier and Annie Young-Scrivner. It also includes David Gibbs, the company’s CEO, a non-independent director.
Yum Brands has more than 53,000 restaurants in 155 countries and territories, according to its website.
Shares of YUM were trading at $129.55 as of 11:30 a.m. Tuesday. That's up about a half of a percent from when trading opened.
Yum's fourth quarter earnings for 2022 are scheduled for Feb. 8.
Sauce: https://archive.ph/dLebR#selection-1555.0-1603.64
She'll be aright, getting piles o cash from everybody..
Sauce: https://archive.ph/dLebR#selection-1555.0-1603.64
Stock profile: https://www.marketscreener.com/business-leaders/Elane-Stock-00CS4C-E/biography/
https://www.directorsandboards.com/roster/individual/elaine-b-stock