Yum says Pizza Hut CEO Aaron Powell resigns

Sept 1 (Reuters) - Yum ‌Brands said ​in ​an regulatory filing on Tuesday that Aaron Powell, the chief executive ‌of Pizza Hut, has resigned from ⁠the role and other positions with the company ‌following completion of the ‌chain's sale.

Here are some details:

• The company, which also owns Taco Bell and ​KFC, said earlier in the day that it completed the sale of Pizza ⁠Hut through two deals worth a combined $2.7 billion. Its ​stores in the U.S. and the rest of the world except for ​mainland China were sold to ‌private equity firm LongRange Capital for $1.5 billion.

• Powell, Pizza Hut's ⁠global CEO since 2021 - according to his LinkedIn profile - stepped down effective September 1, the ⁠filing said.

• He had announced his departure in a ​LinkedIn post in August and said LongRange had offered him a continuing role.

• Yum Brands announced ‌sale of the struggling chain in June after facing persistent declines ‌on the back of weak demand, ⁠rising competition and growing ‌use of ​GLP-1 weight-loss drugs.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Shailesh ‌Kuber)

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