David C. Novak, born in 1952, served as the CEO of Yum! Brands from 2000 until 2015. He graduated from the University of Kentucky with a degree in Business Administration and built his career around management and corporate leadership. Under...

Number of Employees

35K

Year

2015

Total Compensation

$12.00

Salary

$1.00

Board Justification

The compensation philosophy focuses on aligning executive pay with company performance, utilizing a mix of fixed and variable compensation to incentivize long-term success and retention.

Bonus

$2.00

Board Justification

The bonus is based on the company's performance metrics, including revenue growth and operating income, and is paid out annually based on the achievement of these targets in 2015.

Other

$5.00

Board Justification

Other compensation includes retirement contributions, life insurance premiums, and other benefits provided to the CEO in 2015.

Restricted Stock

$4.00(3 RSU)

Board Justification

The vested stock consists of performance-based restricted stock units (RSUs) that were earned based on the company's performance in 2015 and vested during the year.

Performance Metrics

The performance metrics for 2015 included revenue growth, operating income, and total shareholder return.

SEC Filing

From April 8, 2016

David C. Novak

Ex-CEO of Yum! Brands

DC

Education

Bachelor's degree in Business Administration from the University of Kentucky

Field of Expertise

Business & Management

Born

January 1, 1952 - 73 years ago

Is Founder?

No

Tenure

15 years 7 months (May 2000 - Dec 2015)

Previous Experience

President of Pizza Hut, Inc.