Yum! Brands' Leadership Transition and Strategic Continuity
David Gibbs announced his retirement as CEO, passing the role to Chris Turner effective October 1, emphasizing internal talent development and leadership strength.
Gibbs will serve as an adviser until end of 2026, ensuring a seamless transition and strategic continuity.
Leadership Transition and Strategic Vision Under New CEO Doug Palladini
Doug Palladini, who began his role as CEO and President just over 100 days ago, emphasized a renewed focus on long-term, sustainable, and profitable growth.
He highlighted his visits across stores, key accounts, and factories to identify opportunities and gather consumer feedback.
Palladini articulated a clear purpose for Carter's: 'to embrace the wonder of childhood and uplift those shaping the future,' aiming to reinforce the brand's emotional connection with families.