Yum! Brands Names Micky Pant CEO Of China Division

(RTTNews) - Restaurant operator Yum! Brands Inc (YUM) on Tuesday appointed company veteran Micky Pant as Chief Executive Officer of its China division.

Pant, who was the CEO Of KFC worldwide, succeeds Sam Su, who announced his plans to retire as Chairman and CEO of the China Division.

Su will serve as an Executive Advisor through February 2016 and also remain on the Yum! Brands Board to ensure a smooth transition.

The company also announced that Joey Wat, President of KFC China, and Peter Kao, Senior Vice President and Brand General Manager of Pizza Hut China, have each been promoted to the position of CEO of KFC and Pizza Hut, respectively, reporting to Pant.

"Micky has been one of our most effective and visionary leaders at YUM for the past decade... Micky is the perfect person to next lead the China Division, given his vast knowledge of KFC and Pizza Hut best practices from around the globe," said Yum! Brands CEO Greg Creed in a statement.