David Novak is stepping down as chairman of Yum! Brands Inc., effective in May, ending the former CEO’s nearly 30-year tenure at the quick-service brand operator, the company said on Tuesday. Yum plans to name a non-executive chairman from among its existing directors during the company’s annual shareholder meeting. The announcement came more than a year after Novak stepped down as CEO. Greg Creed replaced Novak on Jan. 1, 2015. It also comes as Yum! Brands splits into two ...

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