Yum promotes Rick Carucci to president

Yum promotes Rick Carucci to president

Yum! Brands Inc. announced Tuesday that Rick Carucci has been promoted from chief financial officer to president, reporting directly to chairman and chief executive David Novak.

The Louisville, Ky.-based company also announced that Patrick Grismer has been promoted from chief planning and control officer to replace Carucci as CFO.

Carucci had been Yum’s CFO since 2005, and before that he oversaw finances and development for Yum Restaurants International, or YRI.

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