Yum recruits Pepsico VP
Yum Brands has announced that Pepsico executive Chris Turner will join the company as chief financial officer, closing out a nearly five-month-long search to fill the position. The appointment is effective August 8.
Turner will report to chief executive officer Greg Creed, and will assume global responsibility for finance, corporate strategy, supply chain and information technology.
At Pepsico, Turner led its Walmart business as senior vice-president and general manager. Before that, he was a senior vice-president with Pepsico’s Frito-Lay North America. Before joining Pepsi, Turner spent more than 13 years at management consulting firm McKinsey & Co.
Yum Brands, based in Louisville, Kentucky, has over 48,000 restaurants in more than 145 countries and territories primarily operating the company’s restaurant brands – KFC, Pizza Hut and Taco Bell.
Apple’s Ive goes independent
Apple’s chief design officer Jony Ive will leave the iPhone maker later this year to form an independent design company, with Apple as one of its primary clients.
Ive, a close professional confidant of founder Steve Jobs, has long been a major part of Apple’s phenomenal growth story. He joined the company in 1992 and led its design teams from 1996. He took up his current role as chief design officer in 2015.
Apple CEO Tim Cook praised Ive’s contribution to the company, saying, “Jony is a singular figure in the design world and his role in Apple’s revival cannot be overstated.”
Ive’s new company will be called LoveFrom, the Financial Times reports, and will be based in California. Ive told the newspaper he would work on Apple priorities wearable technology and healthcare in addition to unspecified “personal passions”.
Rooney to join CBRE
Simon Rooney, one of Australia’s leading capital markets brokers, will join CBRE as executive managing director, retail investments, Shopping Centre News reports.
Rooney is well known for the volume of retail transactions he has executed totalling more than $20 billion over his career, including the recent sales of Brisbane’s Indooroopilly shopping centre, Westfield Eastgardens in Sydney and the Vicinity Centres portfolio.
Rooney is joining CBRE on August 1, after 25 years at JLL, where he carved a niche as the market leader in institutional retail transactions and ranked as one of the firm’s top three brokers globally.
Rooney has also been instrumental in significant mixed-use transactions such as 80 Collins Street in Melbourne and the MLC Centre and Wynyard Place in Sydney.