Pizza Hut 2011 Annual Report Download - page 57

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16MAR201218542623
Our Named Executive Officers (NEOs) for 2011:
• David C. Novak, Chairman, Chief Executive Officer and President
• Richard T. Carucci, Chief Financial Officer
• Jing-Shyh S. Su, Vice Chairman of the Board and Chairman and CEO—China Division
• Graham D. Allan, Chief Executive Officer—Yum Restaurants International Division (‘‘YRI’’)*
• Micky Pant, Chief Executive Officer—YRI *
YUM’s Compensation Philosophy
YUM’s compensation philosophy is reviewed annually by the Committee.
Our philosophy is to:
• reward performance
• pay our restaurant general managers and executives like owners
• design pay programs at all levels that align team and individual performance, customer satisfaction
and shareholder return
• emphasize long-term incentive compensation
• require NEOs and other executives to personally invest in Company stock
Objectives of YUM’s Compensation Program
The objectives of our executive compensation program are to:
• attract and retain highly qualified employees through competitive compensation and benefit
programs
• reward our employees for personal contributions that grow the business
Proxy Statement
• maximize shareholder returns
* Mr. Allan announced at the end of 2011 that he would retire in March of 2012. Effective December 6,
2011 (the beginning of YRI’s fiscal year), Mr. Pant assumed Mr. Allan’s responsibilities as Chief
Executive Officer of YRI. Mr. Allan continued as an executive officer reporting to Mr. Novak to assist
in Mr. Pant’s transition.
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