Yum! Brands Recognized in Fortune's Top 50 ``Best Companies for Minorities'' and Takes Number One Spot for Managerial Diversity.To download high-resolution, print-ready JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption Photo Editors/Business Editors NOTE TO MEDIA: Multimedia assets available A photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.062603/bb5 LOUISVILLE, Ky.--(BUSINESS WIRE)--June 26, 2003 Diversity Drives Culture and Business at World's Largest Restaurant Company Yum! Brands Yum! Brands, Inc. (NYSE: YUM) or Yum! is a Fortune 500 corporation, that operates or licenses A&W (excluding Canada), KFC, Long John Silver's, Pizza Hut, and Taco Bell restaurants worldwide. Based in Louisville, Kentucky, it is the world's largest quick-service (a.k.a. , Inc. (NYSE NYSE See: New York Stock Exchange :YUM) has been named one of Fortune magazine's "50 Best Companies for Minorities" for its comprehensive results across key diversity measures. The survey, which appears in FORTUNE's July 7 issue, measures minority representation throughout the organization including Board of Directors and top 50 paid executives, purchasing from minority firms, diversity training, recruitment and retention, and charitable contributions to minority organizations, among other categories. Yum! Brands, parent company of A&W All-American Food, KFC KFC Kentucky Fried Chicken (restaurant chain) KFC Kenya Flower Council KFC Kitchen Fresh Chicken (Kentucky Fried Chicken motto) KFC Kung Fu Cult (Cinema) KFC Kitchen Fixed Charge , Long John Silver's, Pizza Hut and Taco Bell Taco Bell Corp., a subsidiary of Yum! Brands, Inc., is a Mexican-style quick service restaurant chain based in Irvine, California, United States. The restaurant has locations primarily in the United States and Canada, but also operates outlets in several other markets. , tops the list for managerial diversity and is also ranked among the top ten companies having the highest percentage of African-American employees. Fifty-four percent of the company's U.S. workforce are minorities as well as 53 percent of the company's recent hires. "Yum! Brand's commitment to diversity helps drive all aspects of our business," said David Novak, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Yum! Brands. The company's formula for success puts people capability first because satisfied customers and profitability follow. "We're excited that our global culture is actively developing a workforce that's diverse in style and background, where everyone can truly make a difference. Building on our diverse foundation at all of our brands gives us a competitive edge and helps drive customer mania," said Novak. Yum!'s diversity strategy includes leadership development, franchising, purchasing and community involvement. FORTUNE highlights Yum!'s philanthropy efforts targeting minorities. Last year, the company nearly tripled its minority community giving and employee volunteer involvement through programs such as Louisville-based Dare to Care Food Bank. Yum! Brands Foundation made a $1 million annual commitment to the organization, two-thirds of which will help reach an additional 46,000 hungry children in underserved minority communities. The company and its franchise partners also support community leaders such as the NAACP NAACP in full National Association for the Advancement of Colored People Oldest and largest U.S. civil rights organization. It was founded in 1909 to secure political, educational, social, and economic equality for African Americans; W.E.B. Du Bois and Ida B. , National Urban League, National Council of LaRaza, League of United Latin American Citizens The League of United Latin American Citizens (LULAC) is the oldest organization of Hispanic Americans in the United States. With a membership of approximately 115,000, the organization uses education and advocacy to improve living conditions and seek advances for all Hispanic nationality , MultiCultural Foodservice and Hospitality Alliance, National Minority Supplier Development Council, National Minority Franchising Initiative, the American Indian College Fund and the U.S. Pan Asian American Chamber of Commerce. Yum! Brands, Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system units with nearly 33,000 restaurants in more than 100 countries and territories. Four of the company's restaurant brands - KFC, Pizza Hut, Taco Bell and Long John Silver's - are the global leaders of the chicken, pizza, Mexican-style food and quick service seafood categories, respectively. Since 1919, A&W All-American Food has been serving a signature frosty mug root beer Mug Root Beer is a brand name of root beer made by the Pepsi company. Mug was first produced by the Belfast Beverage Company in San Francisco, California during the early 1950s. Its name was changed to Mug Old Fashioned Root Beer. float and all-American pure-beef hamburgers and hot dogs, making it the longest running quick service franchise chain in America. Yum! Brands is the worldwide leader in multibranding, offering consumers more choice and convenience at one restaurant location from a combination of KFC, Taco Bell, Pizza Hut, A&W All American Food or Long John Silver's brands. The Company and its franchisees today operate over 2,000 multibranded restaurants worldwide generating nearly $2 billion in annual system sales. The Company and its franchisees have over 1,800 multibranded restaurants in the U.S., representing nearly 10% of its total traditional domestic units. Outside of the United States in 2002, the Yum! Brands' system opened about three new restaurants each day of the year, making it one of the fastest growing retailers in the world. In 2002, the Company changed its name to Yum! Brands, Inc. from Tricon Global Restaurants to reflect its expanding portfolio of brands and its ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Note: A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.062603/bb5 |
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