Yum chairman David Novak to step down

Yum chairman David Novak to step down

Former CEO will leave the board in May after 29 years with the company

David Novak is stepping down as chairman of Yum! Brands Inc., effective in May, ending the former CEO’s nearly 30-year tenure at the quick-service brand operator, the company said on Tuesday.

Yum plans to name a non-executive chairman from among its existing directors during the company’s annual shareholder meeting.

The announcement came more than a year after Novak stepped down as CEO.

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