Yum Brands COO Tracy Skeans to step down in November, transition to advisor role

Filed June 2, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• high

  Tracy Skeans will step down as Chief Operating Officer and Chief People & Culture Officer effective November 1, 2026, transitioning to a Senior Advisor role until her planned retirement in March 2028.

  Item 5.02 verify on EDGAR →
• medium

  Skeans will receive her current base salary and remain bonus-eligible through retirement (excluding fiscal 2028 bonus), plus a $500,000 lump sum payment at retirement in lieu of new equity grants during 2027.

  Transition Agreement verify on EDGAR →
• low

  Existing equity awards will continue vesting through March 2028 retirement date, with retirement-eligible treatment under plan terms for vesting and exercise periods.

  Transition Agreement verify on EDGAR →