Yum China Holdings Management

Management criteria checks 2/4

Yum China Holdings' CEO is Joey Wat, appointed in Mar 2018, has a tenure of 6.17 years. total yearly compensation is $20.34M, comprised of 7% salary and 93% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth $20.29M. The average tenure of the management team and the board of directors is 5 years and 7.2 years respectively.

Key information

Joey Wat

Chief executive officer

US$20.3m

Total compensation

CEO salary percentage	7.0%
CEO tenure	6.2yrs
CEO ownership	0.1%
Management average tenure	5yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Joey Wat's remuneration changed compared to Yum China Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$825m
Dec 31 2023	US$20m	US$1m	US$827m
Sep 30 2023	n/a	n/a	US$783m
Jun 30 2023	n/a	n/a	US$745m
Mar 31 2023	n/a	n/a	US$631m
Dec 31 2022	US$16m	US$1m	US$442m
Sep 30 2022	n/a	n/a	US$864m
Jun 30 2022	n/a	n/a	US$762m
Mar 31 2022	n/a	n/a	US$860m
Dec 31 2021	US$17m	US$1m	US$990m
Sep 30 2021	n/a	n/a	US$666m
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$952m
Dec 31 2020	US$21m	US$1m	US$784m
Sep 30 2020	n/a	n/a	US$723m
Jun 30 2020	n/a	n/a	US$507m
Mar 31 2020	n/a	n/a	US$553m
Dec 31 2019	US$12m	US$1m	US$713m
Sep 30 2019	n/a	n/a	US$697m
Jun 30 2019	n/a	n/a	US$677m
Mar 31 2019	n/a	n/a	US$642m
Dec 31 2018	US$10m	US$1m	US$708m
Sep 30 2018	n/a	n/a	US$527m
Jun 30 2018	n/a	n/a	US$500m
Mar 31 2018	n/a	n/a	US$482m
Dec 31 2017	US$8m	US$740k	US$398m

Compensation vs Market: Joey's total compensation ($USD20.34M) is above average for companies of similar size in the UK market ($USD5.60M).

Compensation vs Earnings: Joey's compensation has increased by more than 20% in the past year.

CEO

Joey Wat (52 yo)

6.2yrs

Tenure

US$20,335,792

Compensation

Ms. Joey Wat has been the Chief Executive Officer of Yum China Holdings, Inc. since March 1, 2018 and served as its President and Chief Operating Officer since February 7, 2017 until February 2018. Ms. Wat...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joey Wat	CEO & Executive Director	6.2yrs	US$20.34m	0.14% $ 20.3m
Ka Wai Yeung	Chief Financial Officer	4.6yrs	US$4.82m	0.020% $ 2.9m
Johnson Huang	Advisor	7.3yrs	US$3.03m	0.013% $ 1.9m
Xueling Lu	Controller & Principal Accounting Officer	6.3yrs	no data	0.0057% $ 828.4k
Leila Zhang	Chief Technology Officer	6.2yrs	no data	0.0096% $ 1.4m
Pingping Liu	Corporate Secretary & Chief Legal Officer	5yrs	no data	0.0032% $ 462.3k
Jerry Ding	Chief People Officer	less than a year	no data	0.00046% $ 67.1k
Duoduo Huang	Chief Supply Chain Officer	2.5yrs	no data	0.0028% $ 414.2k
Chen Maggie	Chief Customer Officer	less than a year	no data	no data
King Yin Tang	Joint Company Secretary	no data	no data	no data
Michelle Shen	Director of Investor Relations	no data	no data	no data
Florence Lip	Senior Director of Investor Relations	no data	no data	no data

5.0yrs

Average Tenure

50yo

Average Age

Experienced Management: 0M30's management team is seasoned and experienced (5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joey Wat	CEO & Executive Director	6.8yrs	US$20.34m	0.14% $ 20.3m
Peter A. Bassi	Independent Non-Executive Director	7.6yrs	US$385.00k	0.013% $ 1.9m
Edouard Ettedgui	Independent Non-Executive Director	7.6yrs	US$348.00k	0.011% $ 1.6m
Rong Lu	Independent Non-Executive Director	7.6yrs	US$350.00k	0.013% $ 1.8m
Zuliu Hu	Independent Non-Executive Chairman	7.5yrs	US$560.00k	0.014% $ 2.0m
Zili Shao	Independent Non-Executive Director	7.6yrs	US$352.50k	0.011% $ 1.6m
Min Zhang	Independent Non-Executive Director	3yrs	US$355.00k	0.0019% $ 277.1k
Yang Wang	Independent Non-Executive Director	6.8yrs	US$327.50k	0.010% $ 1.5m
David L. Hoffmann	Independent Director	less than a year	US$304.79k	0.0014% $ 208.6k
Xiaojing Zhu	Independent Director	less than a year	US$315.00k	0.0014% $ 205.6k

7.2yrs

Average Tenure

53.5yo

Average Age

Experienced Board: 0M30's board of directors are considered experienced (7.2 years average tenure).

Yum China Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

Yum China Holdings, Inc., Annual General Meeting, May 23, 2024

Yum China Holdings, Inc. Announces Executive Changes

Yum China Holdings, Inc. Announces Executive Appointments

Independent Non-Executive Director recently sold US$1.1m worth of stock

Insufficient new directors

Insufficient new directors

Recent updates

Yum China Holdings, Inc. Declares Cash Dividend, Payable on June 18, 2024

First quarter 2024 earnings released: EPS: US$0.72 (vs US$0.69 in 1Q 2023)

Yum China Holdings, Inc., Annual General Meeting, May 23, 2024

Yum China Holdings, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Upcoming dividend of US$0.16 per share

Fourth quarter dividend increased to US$0.16

Full year 2023 earnings released: EPS: US$1.99 (vs US$1.05 in FY 2022)

Yum China Holdings, Inc. Declares Cash Dividend, Payable on March 26, 2024

Yum China Holdings, Inc. Announces Executive Changes

Yum China Holdings, Inc. to Report Q4, 2023 Results on Feb 06, 2024

Upcoming dividend of US$0.13 per share at 1.1% yield

Third quarter 2023 earnings released: EPS: US$0.59 (vs US$0.49 in 3Q 2022)

Yum China Holdings, Inc. Declares Cash Dividend, Payable on December 19, 2023

Now 29% undervalued after recent price drop

Yum China Holdings, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.13 per share at 1.0% yield

Investor sentiment deteriorates as stock falls 39%

Now 21% undervalued after recent price drop

Yum China Holdings, Inc. Declares Quarterly Dividend for the Second Quarter Ended June 30, 2023, Payable on September 18, 2023

New major risk - Share price stability

Second quarter 2023 earnings released: EPS: US$0.47 (vs US$0.20 in 2Q 2022)

Now 20% undervalued after recent price drop

Yum China Holdings, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Yum China Holdings, Inc. Announces Executive Appointments

Upcoming dividend of US$0.13 per share at 0.9% yield

Independent Non-Executive Director recently sold US$1.1m worth of stock

Yum China Holdings, Inc. Declares Quarterly Dividend for the Period Ended 31 March 2023, Payable on 20 June 2023

First quarter 2023 earnings released: EPS: US$0.69 (vs US$0.23 in 1Q 2022)

Upcoming dividend of US$0.13 per share at 0.9% yield

Full year 2022 earnings released: EPS: US$1.05 (vs US$2.35 in FY 2021)

Yum China Holdings, Inc. Declares Cash Dividend Payable on March 28, 2023

Yum China Holdings, Inc. to Report Q4, 2022 Results on Feb 07, 2023

Upcoming dividend of US$0.12 per share

Insufficient new directors

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: US$0.49 (vs US$0.25 in 3Q 2021)

Yum China Holdings, Inc. Declares Cash Dividend, Payable on December 20, 2022

Investor sentiment deteriorated over the past week

Yum China Holdings, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Yum China Holdings, Inc.(NYSE:YUMC) dropped from FTSE All-World Index (USD)

Upcoming dividend of US$0.12 per share

Yum China Holdings, Inc. Announces Dividend for the Quarter Ended June 30, 2022, Payable on September 15, 2022

Second quarter 2022 earnings released: EPS: US$0.20 (vs US$0.43 in 2Q 2021)

Yum China Holdings, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Now 23% undervalued

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Now 23% undervalued

Insufficient new directors

Yum China Holdings, Inc. Announces Executive Appointments

Upcoming dividend of US$0.12 per share

Yum China Holdings, Inc. Declares Cash Dividend Payable on June 21, 2022

First quarter 2022 earnings released: EPS: US$0.23 (vs US$0.55 in 1Q 2021)

Yum China Announces Executive Changes

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.12 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Yum China Holdings, Inc. Declares Cash Dividend Payable on March 29, 2022

Yum China Caters to Local Tastes with Regional Menu Items

Upcoming dividend of US$0.12 per share

Third quarter 2021 earnings released: EPS US$0.25 (vs US$1.13 in 3Q 2020)

Upcoming dividend of US$0.12 per share

Second quarter 2021 earnings released: EPS US$0.43 (vs US$0.35 in 2Q 2020)

Independent Director Christian L. Campbell has left the company

Independent Director Yiu Cheong Chan has left the company

Upcoming dividend of US$0.12 per share

First quarter 2021 earnings released: EPS US$0.55 (vs US$0.17 in 1Q 2020)