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  • Title
    CEO
  • Company
    Yum China Holdings
  • Country
    China
  • Age
    47

Wat became CEO of China’s largest restaurant company in March. The $7.1 billion company that operates over 8,100 KFCs, Pizza Huts and Taco Bells across China—it also owns two fast-concept Chinese chains—was spun off from U.S.-based Yum! Brands in November 2016. Wat, a former McKinsey consultant who spent a decade in the U.K. with the international health and beauty retailer A.S. Watson, faces toughening conditions; while Yum China posted revenue growth in the first half of 2018, Pizza Hut, which accounts for 20% of the company’s profit, is struggling. Meanwhile, consumer spending is cooling, as is taste for fast American fare in the country. A consortium of private investors recently abandoned a takeover pursuit of Yum China after their initial proposal had been rebuffed, reportedly because of the worsening environment and risks of a trade war. As of August 30, Yum China’s market value has fallen 26% since Wat took charge.

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Personal Information

Country
China
Previous Rank-
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Company Financials

2017 Profits
403.0
2017 Revenues
7,144.0
Market Value as of 08/30/18 ($M)
14,824.0