News Summary
Leadership developments are underway in Plano, Texas, as Yum! Brands announces its new CEO, Chris Turner, amidst retirements, including David Gibbs. Additionally, Tyler Technologies and Upbound Group are also making significant leadership changes. These transitions signify Plano’s growing importance in the corporate landscape, with businesses adapting strategies to bolster innovation and workforce consolidation.
Exciting Leadership Changes in Plano, Texas
Big news is shaking things up in Plano, Texas, as Yum! Brands announces its new CEO amidst some high-profile retirements. Chris Turner, who has played a significant role at Yum! Brands as the Chief Financial & Franchise Officer, is stepping into the top spot effective October 1. This marks a new chapter not just for Turner, but for the company as well, especially with the retirement of David Gibbs after a remarkable 37 years of service.
The Future Looks Bright for Yum! Brands
Turner’s appointment means Yum! Brands, known for its strong portfolio of restaurant brands, is set to steer ahead under a leader who’s no stranger to the business game. Turner’s history with big names like PepsiCo, where he managed retail and e-commerce operations with Walmart, gives him a well-rounded experience that’s hard to beat. Additionally, his time at McKinsey & Co. where he led various practices for over 13 years adds to his credibility. Gibbs expressed gratitude for his time with the company and expressed confidence in the direction under Turner’s leadership.
In another strategic move, Yum! Brands will be consolidating its workforce by relocating 100 corporate employees from Louisville to its Global headquarters right in our backyard of Plano. This transition reflects the company’s commitment to growing its presence in Texas.
Shifts in Other Local Businesses
But wait, there’s more exciting corporate news in Plano! Rusty Smith at Tyler Technologies is expanding his horizons by overseeing both the State & Federal Group and the Justice Group. Bret Dixon, who has been at the helm of Tyler’s State & Federal Group, plans to retire in June 2025 after dedicating 17 years to the company. However, the smooth transition is in good hands as he will take on an advisory role.
For those who may not know, Tyler Technologies is a significant player in providing integrated software and technology services to the public sector, and they’re consistently innovating across different government levels. This transition is expected to bring about even more strategic advancement within the company.
Upbound Group’s Big Moves
Meanwhile, over at Upbound Group, there’s a leadership shake-up as well. Fahmi Karam is set to take over as CEO starting June 1, succeeding Mitch Fadel, who is wrapping up a remarkable 40-year career with the company. Karam, who was the Chief Financial Officer prior to this transition, brings nearly 25 years of experience and is eager to extend Upbound’s tech-driven financial solutions further into the market.
Under Fadel’s visionary leadership, Upbound transformed its business model from focusing solely on brick-and-mortar stores to a more flexible, omni-channel lease-to-own platform. They recently made headlines with a significant acquisition of Brigit, a financial health technology firm, for a whopping $460 million. This bold move reflects Upbound’s dedication to enhancing its service offerings and growing its profile in technology-driven leasing solutions, thanks in part to efforts from Jennifer Kepler and her team.
Plano’s Corporate Landscape is Thriving
The ongoing developments in Plano underline the city’s emerging role as a powerhouse for corporate leadership and innovative strategies across various sectors. With Yum! Brands, Tyler Technologies, and Upbound Group all making substantial changes and expansions, it’s clear that Plano is increasingly becoming a magnet for talent and innovation.
This exciting wave of leadership changes and strategic moves will undoubtedly not just impact these companies, but also the broader economy in our Texas community. Keep your eyes peeled because we’re in for an exhilarating ride ahead in the corporate world right here in Plano!
Deeper Dive: News & Info About This Topic
- WFAA: Yum! Brands Announces New CEO
- Business Wire: Tyler Technologies Announces Executive Changes
- Dallas Innovates: Upbound Group Announces CEO Transition
- CBS News: Man Fatally Shot in Confrontation with Plano Police
- Candy’s Dirt: Jamee Jolly Tapped to Lead the Real Estate Council
- Wikipedia: Yum! Brands
- Google Search: Tyler Technologies
- Google Scholar: Leadership Changes in Business
- Encyclopedia Britannica: Corporate Leadership
- Google News: Plano Texas Business News
Author: STAFF HERE HOUSTON TX WRITER
HOUSTON STAFF WRITER The HOUSTON STAFF WRITER represents the experienced team at HEREHouston.com, your go-to source for actionable local news and information in Houston, Harris County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Houston Livestock Show and Rodeo, Art Car Parade, and Chevron Houston Marathon. Our coverage extends to key organizations like the Greater Houston Partnership and Houston Area Urban League, plus leading businesses in energy and healthcare that power the local economy such as ExxonMobil, Schlumberger, and Houston Methodist. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
