Skip to Content
  • Title
    CEO
  • Company
    Yum China
  • Country
    China

Since taking the lead last year at Yum! Brands spin-off Yum China, CEO Joey Wat has carried out a major facelift of the group—overseeing the renovation 95% of KFC stores, which account for roughly 70% of Yum China’s revenues, and opening over 1,000 new KFC locations across the country. Under Wat, who served as president and CEO of KFC China before the spin-off in 2016 and then as group president and COO afterwards, Yum China has expanded at an average over two new stores a day. The group now has more than 8,700 locations across China and same-store sales, which declined for several years before the spin-off, are now rising marginally, bumping up 1% last year. Revenues are rising more quickly, up 8% to $8.42 billion in 2018.

Subscribe to The Broadsheet, our newsletter on the world’s most powerful women.

Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

Personal Information

Country
China
Previous Rank
20
Newcomer?
no