Yum! Brands has announced the retirement of CFO Patrick Grismer.
Grismer has served as CFO at Yum since 2012 and worked in various senior finance and planning positions at the company since 2002.
Grismer will remain with the company until February 19, 2016. He will help finalise the Company’s 2015 Form 10-K filing with the Securities and Exchange Commission.
He will also “present at the company’s upcoming investor conference in Plano, Texas, on December 10, 2015.” Yum! Brands said in a press statement.
The company will conduct a search of internal and external candidates to identify a successor. No further details about the search have been revealed at this time.
“Pat has added tremendous value as CFO of our company and has been an excellent partner to me,” said CEO Greg Creed. “I respect his personal decision to move to be geographically closer to family members, and I wish him all the best.”
Yum! Brands operates more than 41,000 restaurants in more than 125 countries and territories. The company’s restaurant brands include KFC, Pizza Hut, and Taco Bell.
The first company, Yum China, operates as a franchisee in mainland China while Yum Brands operates the company’s three restaurant brands throughout the rest of the world.
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