Joey Wat

In September, NYSE-listed Yum China pursued a secondary offering in Hong Kong and raised $2.2 billion, one of the largest offerings in Hong Kong so far this year, but share performance on the first day of trading flopped amid lingering doubts about recovery prospects for restaurants during the pandemic. (The share price has climbed since then.) Wat, CEO of Yum China since March 2018, oversaw the company’s COVID-19 relief efforts, including the provision of free meals to frontline medical workers in 1,450 hospitals across 28 provinces in China. Yum China also launched a family care fund in February to provide extra health protection for employees’ families, a program that now covers over 31,000 workers. Pandemic aside, Yum China reached the 10,000-store milestone in China in July.