Chief Executive Magazine Names Yum! Brands' Chairman and CEO David Novak 2012 CEO of the Year

Chief Executive Magazine Names Yum! Brands' Chairman and CEO David Novak 2012
                               CEO of the Year

Peer CEOs Vote in 27th Annual Award

PR Newswire

GREENWICH, Conn., June 27, 2012

GREENWICH, Conn., June 27, 2012 /PRNewswire/ -- Chief Executive magazine today
announced David Novak, CEO of Yum! Brands, the world's largest restaurant
company with 37,000 KFC, Pizza Hut and Taco Bell restaurants in 125 countries,
has been named "2012 CEO of the Year," an honor bestowed upon an outstanding
corporate leader, nominated and selected by a group of his or her peers. 

"Not only is David market- and customer-driven, but he displays a compelling
vision with a comprehensive strategy," said Alan Mulally, president and chief
executive, Ford Motor, and 2011 CEO of the Year. "And above all else, he caps
this with relentless execution."

"David's performance has been outstanding for a very long time. He has an
astute global vision, China being a salient example," said Brian Duperreault,
president and chief executive of Marsh & McLennan. "More importantly, I am
impressed with how he works with his employees and how he develops their
potential. It's a great example to us all."

"An exemplary CEO whose leadership is worth emulating," added Christine
Jacobs, chairman, president and chief executive of Theragenics.

Under Novak's leadership, Yum! has established itself as a global powerhouse
going from approximately 20 percent of profits coming from outside the U.S. in
1997 to more than 70 percent in 2011, while driving one of the highest returns
on invested capital in the restaurant industry. Today, Yum! is the leading
retail developer in China as well as the largest and fastest growing
restaurant company in emerging markets. The Company's track record of success
includes at least 13 percent earnings-per-share growth for each of the last 10
years. Novak has created a unique recognition culture along with a leadership
training program called "Taking People With You" that has been cascaded around
the globe.

Nominations for CEO of the Year were garnered from among the 124,000 readers
of Chief Executive magazine. The 10 most frequently cited nominations were
evaluated and a winner voted upon at a meeting of a peer Selection Committee,
which took place earlier this year in New York City.

Prior CEO of the Year winners include Bill Gates, Jack Welch, Michael Dell,
A.G. Lafley, John Chambers, Anne Mulcahy, Larry Bossidy, Andy Grove and Herb
Kelleher.

The 2012 CEO of the Year Selection Committee was comprised of Brian
Duperreault (CEO, Marsh & McLennan), Fred Hassan (Chairman, Schering-Plough),
William Hickey (CEO, Sealed Air), Christine Jacobs (CEO, Theragenics), Alan
Mulally (CEO, Ford Motor), William R. Nuti (CEO, NCR), Thomas J. Quinlan III
(CEO, R.R. Donnelley), Jeffrey Sonnenfeld (CEO, The Yale Chief Executive
Leadership Institute), and James Turley (CEO, Ernst & Young). Tom Saporito,
Chairman of RHR International, was an advisor to the Selection Committee.

Novak's selection as 2012 CEO of the Year will be celebrated at an
invitation-only event hosted by NYSE Euronext and the Chief Executive Group at
the New York Stock Exchange in August.

For an exclusive interview with David Novak, comments from members of the 2012
Selection Committee, a complete list of prior CEO of the Year winners and
their comments on CEO leadership, please visit ChiefExecutive.net.

Magazine Cover:
http://www.ereleases.com/pic/2012-Chief-Executive-Novak-cover.jpg

CEO of the Year Seal: http://www.ereleases.com/pic/2012-CEO-Seal.jpg

About Chief Executive Group

Chief Executive Group enhances the effectiveness of CEOs and the organizations
they lead. The company produces Chief Executive magazine (published since
1977), ChiefExecutive.net, original research, conferences and roundtables that
enable top corporate officers to discuss key subjects and share their
experiences within a community of peers. Visit ChiefExecutive.net for more
information.

About Yum! Brands

Yum! Brands, Inc. (YUM), based in Louisville, Kentucky, is the world's largest
restaurant company in terms of system restaurants, with more than 37,000
restaurants operating in 125 countries. KFC, Pizza Hut and Taco Bell are the
category leaders of the chicken, pizza and Mexican-style food, respectively.
In 2011, the Company added 1,561 new restaurants, primarily in emerging
markets, and generated 14% EPS growth, the 10th consecutive year it achieved
at least 13% EPS growth. Outside the United States, the Yum! Brands system
opened approximately four new restaurants each day of the year, making it a
leader in international retail development. The Company has consistently been
recognized for its consistent shareholder returns, diversity leadership,
community giving, recognition culture and Chairman and CEO David Novak's
leadership training program called "Taking People With You." Novak's book
based on the highly successfully program, Taking People With You: The Only Way
to Make BIG Things Happen, is a best-seller and all of his proceeds are
donated to the United Nations World Food Programme in conjunction with Yum!
Brands global hunger relief efforts.

Contact:

J.P. Donlon
Chief Executive Group
203-930-2704
jpdonlon@chiefexecutive.net 
Photos Available Upon Request

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SOURCE Chief Executive Group

Website: http://chiefexecutive.net