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SHANGHAI - Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987), a major restaurant company in China, has officially appointed Adrian Ding as its Chief Financial Officer, a role he has filled on an acting basis since October 2024. The announcement, made Monday, marks the culmination of a search process that began following the previous CFO’s departure. According to InvestingPro data, Ding takes the helm of a company currently valued at $2.36 billion, with analysis suggesting the stock may be undervalued at current levels.
Adrian Ding brings a wealth of experience to the position, having joined Yum China in March 2019 as Vice President of Corporate Finance. He later served as Chief Investment Officer from February 2020, where he led several investment and capital markets initiatives, including the acquisitions of KFC joint venture stakes and strategic investments in supply chain and technology.
Ding’s tenure at Yum China also includes serving as General Manager of the company’s Lavazza joint venture, contributing significantly to its establishment and growth in the Chinese market. His previous experience includes strategic investment roles at Alibaba Group and extensive investment banking experience with UBS AG, Morgan Stanley, and Citigroup Global Markets Asia Limited.
Joey Wat, CEO of Yum China, expressed confidence in Ding’s ability to drive the company’s RGM 2.0 strategy and contribute to its growth and development. Wat highlighted Ding’s deep understanding of the company’s strategies and strong business acumen as key factors in his appointment.
Ding’s educational background includes an MBA from Columbia Business School and a Bachelor’s degree in Quantitative Finance from the Hong Kong University of Science and Technology. He also serves as a director of Fujian Sunner Development Co., Ltd. (Shenzhen Stock Exchange: 002299).
This appointment comes as Yum China continues to expand its presence in China, operating over 16,000 restaurants across more than 2,200 cities. The company is known for leading brands such as KFC and Pizza Hut, as well as partnerships and specialty restaurants like Lavazza, Little Sheep, Huang Ji Huang, and Taco Bell. InvestingPro analysis reveals the company generated revenues of $2.61 billion in the last twelve months, though facing a slight decline of 0.38%. With a P/E ratio of 55.8 and a dividend yield of 3.64%, investors seeking detailed financial insights and additional ProTips can explore InvestingPro’s comprehensive analysis tools.
The information in this article is based on a press release statement from Yum China Holdings, Inc.
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