Yum China Appoints New CFO

Belinda Zhou
    Sep 06, 2019 2:00 PM  PT
Yum China Appoints New CFO
author: Belinda Zhou   

Yum China Holdings Inc. (NYSE: YUMC) has appointed a new chief financial officer after Jacky Lo has decided to pursue opportunities closer to home.

The operator of KFC, Pizza Hut and Taco Bell in China said in a statement today that Ka Wai Yeung will assume the role of CFO starting on October 16. Previously, Yeung served as CFO for Smart Finance International Ltd. and Cheetah Mobile Inc. (NYSE: CMCM.) 

Lo, who has served at Yum China since June 2017, intends to leave the company to pursue professional opportunities in Hong Kong to be closer to his family, according to the report.

Shares in Yum China closed at $45.80 per American depositary share, down 1 percent Friday in New York.