LOUISVILLE, Ky. — Patrick Grismer will resign as CFO, Yum Brands, Inc., effective Feb. 19, 2016.
“Grismer has added tremendous value as CFO of our company and has been an excellent partner to me,” said Greg Creed, CEO. “I respect his personal decision to move to be geographically closer to family members and I wish him all the best. We have a strong and seasoned team of financial executives who have the expertise and experience needed to ensure a seamless transition and to execute a smooth separation of our China business.”
Grismer has served as CFO of Yum since 2012. Prior to this role, he has served in a number of senior finance and planning positions since 2002.
In the meantime, the company will conduct a search of internal and external candidates to identify a successor.