
Yum! Brands, Inc. (NYSE:YUM) today announced the appointment of Stephen (&#34;Steve&#34;) B. Bratspies, former Chief Executive Officer of HanesBrands, Inc., to its Board of Directors, effective August 26, 2026.

This

<p xmlns="http://www.w3.org/1999/xhtml">
Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/YUM">YUM</a>) today announced the appointment of Stephen (&#34;Steve&#34;) B. Bratspies, former Chief Executive Officer of HanesBrands, Inc., to its Board of Directors, effective August 26, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml" id="news-body-cta">This press release features multimedia. View the full release here: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260821222625/en/" rel="nofollow">https://www.businesswire.com/news/home/20260821222625/en/</a></p><div xmlns="http://www.w3.org/1999/xhtml" id="bwbodyimg" style="width: 417px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mms.businesswire.com/media/20260821222625/en/2880142/4/Steve_Bratspies.jpg" alt="Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/YUM">YUM</a>) today announced the appointment of Stephen (&#34;Steve&#34;) B. Bratspies, former Chief Executive Officer of HanesBrands, Inc., to its Board of Directors, effective August 26, 2026."></img><p xmlns="http://www.w3.org/1999/xhtml" style="font-size:85%;">Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/YUM">YUM</a>) today announced the appointment of Stephen (&#34;Steve&#34;) B. Bratspies, former Chief Executive Officer of HanesBrands, Inc., to its Board of Directors, effective August 26, 2026.</p></div><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Steve is a respected business leader with extensive experience leading global consumer brands and driving operational excellence at scale,&#34; said Brian Cornell, Non-Executive Chairman of the Yum! Brands Board of Directors. &#34;His deep expertise across retail, brand management and consumer products, combined with his public company leadership experience, will bring valuable perspective to our board."

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"Throughout his career, Steve has demonstrated a strong ability to deliver results in highly competitive consumer markets," said Chris Turner, Chief Executive Officer, Yum! Brands. "His experience will be a tremendous asset as we continue to execute against our Raise the B.A.R. priorities and create long-term value for our stakeholders.&#34;

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<b xmlns="http://www.w3.org/1999/xhtml">About Steve Bratspies</b>

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Bratspies most recently served as Chief Executive Officer of HanesBrands, Inc., where he also served as a member of the company&#39;s Board of Directors.

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Prior to joining HanesBrands, Bratspies served as Chief Merchandising Officer at Walmart Inc., where he also held several other senior leadership positions, including Executive Vice President, Food, and Executive Vice President, General Merchandise, where he oversaw key merchandising and business operations across the company&#39;s U.S. business.

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Earlier in his career, Bratspies served as Chief Marketing Officer of Specialty Brands, a frozen foods company, and held various executive leadership positions at PepsiCo, Inc.

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Bratspies currently serves on the Board of Directors of Target Corporation and The Clorox Company.

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He earned a bachelor&#39;s degree from Franklin &amp; Marshall College and a master’s degree in business administration from The Wharton School of the University of Pennsylvania.

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<b xmlns="http://www.w3.org/1999/xhtml">About Yum! Brands</b>

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Yum! Brands, Inc. and its subsidiaries franchise or operate more than 58,000 restaurants in 155 countries and territories under its iconic brands — KFC, Taco Bell, Pizza Hut and Habit Burger &amp; Grill. KFC, Taco Bell and Pizza Hut are global leaders in the chicken, Mexican-inspired food and pizza categories, respectively. Habit is a fast-casual concept known for fresh, cooked-to-order food.

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Fueled by Yum!’s Recipe for Good Growth, KFC, Taco Bell and Pizza Hut led Entrepreneur&#39;s 2026 Franchise 500 rankings and its Top Global Franchises 2025 list. In 2026, Yum!’s unrivaled culture and talent led it to be named one of TIME magazine’s Best Companies for Future Leaders for the third consecutive year.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260821222625r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260821222625/en/" rel="nofollow">https://www.businesswire.com/news/home/20260821222625/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Members of the media are invited to contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Lori Eberenz, Director of Public Relations, at 502-874-8200

</p>

Yum! Brands Appoints Former HanesBrands CEO Steve Bratspies to Board of Directors

Yum! Brands Adds Steve Bratspies to Board to Support Growth Strategy

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Yum! Brands, Inc. (NYSE:YUM) today announced the appointment of Stephen (&amp;#34;Steve&amp;#34;) B. Bratspies, former Chief Executive Officer of HanesBrands, Inc., to its Board of Directors, effective August 26, 2026.

This</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Yum! Brands announced Steve Bratspies, former HanesBrands CEO, will join its Board effective August 26, 2026. Bratspies brings deep consumer-brand and retail leadership from Walmart, Target, and other stints, potentially enhancing governance and strategic oversight. The move aligns with Yum&#039;s Raise the B.A.R. priorities and could bolster long-term value creation, even though no near-term earnings catalyst is implied.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Yum! Brands appoints Steve Bratspies to its board, effective August 26, 2026.</li><li>Bratspies is former HanesBrands CEO with Walmart and Target leadership experience.</li><li>Board addition strengthens governance as Yum pursues its Raise the B.A.R. strategy.</li><li>Yum operates 58,000 restaurants in 155 countries; branded as KFC, Taco Bell, Pizza Hut.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Yum! Brands (YUM)</strong>: Board appointment of Bratspies; governance significance for Yum&#039;s strategy.</li><li><strong>HanesBrands (HBI)</strong>: Bratspies former CEO; demonstrates cross-industry consumer leadership.</li><li><strong>Target Corporation (TGT)</strong>: Bratspies currently serves on Target&#039;s board; indicates broad retail governance exposure.</li><li><strong>Walmart Inc. (WMT)</strong>: Bratspies previously CMO; deep retail operations and merchandising background.</li><li><strong>The Clorox Company (CLX)</strong>: Bratspies serves on Clorox board; adds consumer goods governance perspective.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate Developments: A high-profile board appointment signals governance strengthening and potential strategic refinement, consistent with Yum&#039;s long-term growth agenda.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Board-level governance enhancement could influence strategic decisions and investor sentiment.</li><li>No immediate earnings impact; the catalyst is long-term governance and execution quality.</li><li>Potential for incremental improvements to capital allocation and explore strategic initiatives.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Appointment effective August 26, 2026.</li><li>Bratspies is former CEO of HanesBrands, with Walmart and Target leadership roles.</li><li>Yum! Brands operates more than 58,000 restaurants in 155 countries.</li><li>Brands include KFC, Taco Bell, Pizza Hut and Habit Burger &amp; Grill.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over 6–12 months as governance depth may improve strategic execution and capital allocation.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/YUM">YUM</a>) today announced the appointment of Stephen (&#34;Steve&#34;) B. Bratspies, former Chief Executive Officer of HanesBrands, Inc., to its Board of Directors, effective August 26, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml" id="news-body-cta">This press release features multimedia. View the full release here: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260821222625/en/" rel="nofollow">https://www.businesswire.com/news/home/20260821222625/en/</a></p><div xmlns="http://www.w3.org/1999/xhtml" id="bwbodyimg" style="width: 417px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mms.businesswire.com/media/20260821222625/en/2880142/4/Steve_Bratspies.jpg" alt="Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/YUM">YUM</a>) today announced the appointment of Stephen (&#34;Steve&#34;) B. Bratspies, former Chief Executive Officer of HanesBrands, Inc., to its Board of Directors, effective August 26, 2026."></img><p xmlns="http://www.w3.org/1999/xhtml" style="font-size:85%;">Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/YUM">YUM</a>) today announced the appointment of Stephen (&#34;Steve&#34;) B. Bratspies, former Chief Executive Officer of HanesBrands, Inc., to its Board of Directors, effective August 26, 2026.</p></div><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Steve is a respected business leader with extensive experience leading global consumer brands and driving operational excellence at scale,&#34; said Brian Cornell, Non-Executive Chairman of the Yum! Brands Board of Directors. &#34;His deep expertise across retail, brand management and consumer products, combined with his public company leadership experience, will bring valuable perspective to our board."

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Throughout his career, Steve has demonstrated a strong ability to deliver results in highly competitive consumer markets," said Chris Turner, Chief Executive Officer, Yum! Brands. "His experience will be a tremendous asset as we continue to execute against our Raise the B.A.R. priorities and create long-term value for our stakeholders.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Steve Bratspies</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Bratspies most recently served as Chief Executive Officer of HanesBrands, Inc., where he also served as a member of the company&#39;s Board of Directors.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Prior to joining HanesBrands, Bratspies served as Chief Merchandising Officer at Walmart Inc., where he also held several other senior leadership positions, including Executive Vice President, Food, and Executive Vice President, General Merchandise, where he oversaw key merchandising and business operations across the company&#39;s U.S. business.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Earlier in his career, Bratspies served as Chief Marketing Officer of Specialty Brands, a frozen foods company, and held various executive leadership positions at PepsiCo, Inc.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Bratspies currently serves on the Board of Directors of Target Corporation and The Clorox Company.

</p><p xmlns="http://www.w3.org/1999/xhtml">
He earned a bachelor&#39;s degree from Franklin &amp; Marshall College and a master’s degree in business administration from The Wharton School of the University of Pennsylvania.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Yum! Brands</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Yum! Brands, Inc. and its subsidiaries franchise or operate more than 58,000 restaurants in 155 countries and territories under its iconic brands — KFC, Taco Bell, Pizza Hut and Habit Burger &amp; Grill. KFC, Taco Bell and Pizza Hut are global leaders in the chicken, Mexican-inspired food and pizza categories, respectively. Habit is a fast-casual concept known for fresh, cooked-to-order food.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Fueled by Yum!’s Recipe for Good Growth, KFC, Taco Bell and Pizza Hut led Entrepreneur&#39;s 2026 Franchise 500 rankings and its Top Global Franchises 2025 list. In 2026, Yum!’s unrivaled culture and talent led it to be named one of TIME magazine’s Best Companies for Future Leaders for the third consecutive year.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260821222625r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260821222625/en/" rel="nofollow">https://www.businesswire.com/news/home/20260821222625/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Members of the media are invited to contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Lori Eberenz, Director of Public Relations, at 502-874-8200

</p>

Yum! Brands announced Steve Bratspies, former HanesBrands CEO, will join its Board effective August 26, 2026. Bratspies brings deep consumer-brand and retail leadership from Walmart, Target, and other stints, potentially enhancing governance and strategic oversight. The move aligns with Yum's Raise the B.A.R. priorities and could bolster long-term value creation, even though no near-term earnings catalyst is implied.

News insight

Yum! Brands Appoints Former HanesBrands CEO Steve Bratspies to Board of Directors

AI summary

Sentiment rationale

Key facts

Corporate Developments