Having helmed Yum Brands (the franchising titan you know as the parent company of subsidiaries like KFC, Taco Bell, and Pizza Hut among others) since 1999, CEO David Novak has nagivated not only Yum Brands’ massive overseas growth but trying times with Taco Bell’s PR rollercoaster ride. But it looks like that hard work has paid off: according to reports, the Louisville-based conglomerate’s chief exec is set to be named 2012 Chief Executive of the Year by a jury of his peers at an upcoming August event.
The Louisville Morning Call reports that the award comes courtesy of Chief Executive magazine, with nominations pulled from the publication’s readership and the top ten nominations evaluated by a peer committee earlier this year. Novak will receive the award at “an invitation-only event in August” hosted by NYSE Euronext and the Chief Executive Group at the New York Stock Exchange – in other words, it’s a pretty legit award. It’s also an award that will put Novak in good company: past winners have included such huge names as Bill Gates.
Here’s what Chief Executive editor-in-chief J.P. Donlon had to say about Novak and what sealed the deal for this honor:
"David Novak is a leader who not only promotes a performance culture but owns it as well. He personally reviews 600 of Yum's leaders every year, evaluating both the results they generated and how they've generated them -- meaning how well they lived up to the firm's cultural principles."
So to David Novak, we say: congratulations! You earned it.