Annie Young-Scrivner
Director at YUM
Board
About Annie Young-Scrivner
Independent director at YUM since 2020; former CEO of Wella Company (2020–Jan 2025) and Godiva; senior operating roles at Starbucks and PepsiCo with deep global CPG, digital/loyalty, and China experience. She serves on YUM’s Audit Committee and is classified as independent under NYSE rules; the Board reported all directors met at least 75% attendance in 2024, and the Audit Committee met 8 times. Age not disclosed in the proxy.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Wella Company | Chief Executive Officer | 2020–Jan 2025 | Led portfolio including Clairol and OPI; stepped down Jan 2025. |
| Godiva Chocolatier, Inc. | Chief Executive Officer | Joined Aug 2017; through 2020 | Ran global premium confectioner. |
| Starbucks Corporation | EVP, Global Digital & Loyalty Development | 2015–Apr 2017 | Led digital and loyalty; relevant to YUM’s digital ambitions. |
| Starbucks Corporation | President, Teavana & EVP Global Tea | 2014–2015 | Brand leadership and category expansion. |
| Starbucks Corporation | Global CMO & President, Tazo Tea | 2009–2012 | Global brand/marketing leadership. |
| Starbucks Corporation | President, Starbucks Canada | 2012–2014 | P&L and market leadership. |
| PepsiCo, Inc. | Region President, PepsiCo Foods Greater China | 2006–2008 | Scale leadership in China; supply chain/market insights. |
External Roles
| Company/Institution | Role | Public/Private | Dates |
|---|---|---|---|
| Tiffany & Co. | Director (prior) | Public (prior) | Not specified (prior service) |
| Macy’s, Inc. | Director (prior) | Public | Not specified (prior service) |
| Current public company boards | None | — | — |
Board Governance
- Independence: Board determined she is independent; only the CEO is non‑independent. No other relationships with YUM beyond directorship noted.
- Committee assignments: Audit Committee member; Audit met 8 times in 2024; all members independent; Chair (Alves) designated financial expert.
- Attendance and engagement: Board met 5 times in 2024; all directors attended at least 75% of their Board and committee meetings. Policy is that all directors attend the Annual Meeting; all then‑serving directors attended the 2024 Annual Meeting.
- Leadership/structure: Independent Non‑Executive Chair (Brian Cornell); executive sessions of independent directors occur at every regular Board and committee meeting.
- Risk/compliance: Audit Committee oversees ERM, cybersecurity, food safety, and receives regular reports from Internal Audit and management.
Fixed Compensation (Director)
| Year (Comp for 2024 service) | Fees Earned (Cash) | Stock Awards | Options/SARs | All Other | Total |
|---|---|---|---|---|---|
| 2024 | $0 | $280,000 | $0 | $0 | $280,000 |
- Structure: Standard non‑employee director package includes an annual stock retainer ($280,000 for 2024), optional election to receive up to half in cash, initial one‑time $25,000 stock grant upon joining, Board Chair and committee chair retainers (not applicable to Young‑Scrivner). Deferred compensation available via phantom stock, paid in shares.
- 2024 chair retainers for reference: Board Chair $170,000; Audit $30,000; MP&D $20,000; Nominating & Governance $20,000.
Performance Compensation
- None disclosed for non‑employee directors; no performance‑conditioned equity for directors. Her outstanding SARs were zero at 12/31/2024.
Other Directorships & Interlocks
- Current public company boards: none. Prior: Tiffany & Co.; Macy’s, Inc. No interlocks or related-party relationships disclosed for Young‑Scrivner.
- Board‑level related party noted: Target Corporation (employer of the Non‑Executive Chair) had immaterial licensing/rebate flows relative to Target revenues; Board maintained independence. Not related to Young‑Scrivner.
Expertise & Qualifications
- Operating CEO experience (Wella; Godiva).
- Global brand, marketing, and digital/loyalty leadership (Starbucks).
- China/Asia P&L experience (PepsiCo Foods Greater China).
- Audit Committee service; Board cites collective technology/cyber experience across members; Doniz is primary CIO profile, but Young‑Scrivner brings digital/loyalty operating experience.
Equity Ownership
| Metric (as of 12/31/2024) | Amount |
|---|---|
| Shares Beneficially Owned (outright) | 6,320 |
| Options/SARs exercisable within 60 days | 0 |
| Deferral Plan Stock Units (payable ≤60 days) | 0 |
| Total Beneficial Ownership | 6,320 |
| Additional Underlying Stock Units (deferred, payable later) | 4,768 |
- Director stock ownership guideline: at least 5x the annual Board retainer, to be accumulated within 5 years and held through Board service; sales permitted to cover taxes. Compliance status by director not disclosed.
Governance Assessment
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Strengths for investor confidence:
- Clear independence; service on fully independent Audit Committee that met 8 times; Board-wide strong attendance.
- Compensation paid primarily in company stock retainer, aligning interests; ability to defer into phantom stock.
- Valuable operator skill set (global CPG, digital/loyalty, China) aligned with YUM’s digital and international growth priorities.
- Robust company-wide policies: no hedging/pledging; clawback policy; executive sessions each meeting; strong ERM and cybersecurity oversight structure.
-
Watch items / potential red flags:
- None specific to Young‑Scrivner disclosed: no related‑party transactions, no pledging/hedging, no Section 16(a) delinquencies.
- Ownership guideline timing: as a 2020 appointee, 5‑year window ends in 2025; individual compliance status not reported—monitor future proxy for guideline attainment disclosure.
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Insider trading and compliance:
- The company reported all directors and executive officers complied with Section 16(a) filing requirements in 2024.
- Company prohibits hedging and pledging of company stock.
-
Company policy context relevant to directors:
- Related‑party transaction review by Nominating & Governance Committee with $100,000 threshold; certain transactions deemed pre‑approved under objective limits.
- Compensation Recovery (clawback) policy applies to incentive compensation; double‑trigger vesting upon change in control; no excise tax gross‑ups.
Overall, Annie Young‑Scrivner presents as an independent, experienced operator with strong brand/digital credentials and active Audit Committee service—supportive of Board effectiveness and investor confidence. No conflicts or attendance issues are disclosed.