Pizza Hut Global CEO Aaron Powell exits
Yum Brands, the parent company of Pizza Hut as well as KFC and Taco Bell, announced on September 1 that it had finalised the sale of the pizza business.
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Published: Sep 3, 2026 11:10 AM | 1 min read
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- Pizza Hut's global CEO, Aaron Powell, has resigned effective September 1, 2026, following the completion of the company's sale by Yum Brands.
- Powell, who led Pizza Hut since 2021, announced his departure earlier in August and has accepted a position with LongRange Capital, the private equity firm acquiring a significant portion of Pizza Hut's operations.
- Yum Brands confirmed the finalization of the sale on September 1, structured as two transactions valued at $2.7 billion.
- The divestment marks a transition for Pizza Hut under new ownership and leadership.
Pizza Hut is undergoing a top-level leadership change following the completion of its sale, with global CEO Aaron Powell leaving the company after more than five years at the helm.
A regulatory filing from Yum Brands said Powell resigned as CEO of Pizza Hut and from his other positions within the group, with effect from September 1, 2026. His exit coincides with the closing of the transaction through which Yum Brands divested the pizza chain.
Powell took charge as Pizza Hut’s global CEO in 2021. He had indicated his impending departure earlier in August in a LinkedIn post, while also revealing that LongRange Capital, the private equity investor acquiring a substantial part of Pizza Hut’s operations, had offered him a position following the deal.
His resignation therefore took effect on the day the transaction was formally completed, bringing his tenure at the global pizza business to an end as its ownership structure changes.
Yum Brands completes Pizza Hut divestment
Yum Brands, the parent company of Pizza Hut as well as KFC and Taco Bell, announced on September 1 that it had finalised the sale of the pizza business.
The divestment was structured as two separate transactions, with the deals together valued at $2.7 billion. The completion of the sale sets the stage for a new phase for Pizza Hut under its incoming ownership and leadership structure.
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