News

Yum China names interim CFO

April 24, 2017

Yum China Holdings Inc. has appointed Jacky Lo as its interim CFO, effective June 1. He replaces Edwin "Ted" Stedem, who is leaving the position on that same date for personal reasons, according to a company press release

"Ted has made a great contribution to Yum China, especially in the spin-off process and in setting up a strong and capable finance team," Yum China CEO Micky Pant said in the release. "While thanking him for his contributions, I fully respect his personal decision to move back from Shanghai to the U.S. with his family. …

"At the same time, I am pleased that Jacky will step in as the interim CFO. Jacky has been the lead officer for our financial reporting and filings. ... I have full confidence that Jacky will successfully lead our team of experienced finance executives to ensure a seamless transition."

Lo will continue to serve as vice president, controller and principal accounting officer as well as his new role as interim CFO. He joined the company last August as vice president of finance and previously worked 15 years at Ernst & Young as partner and deputy director in the Asia Pacific Capital Markets Center that specializes in U.S. generally accepted accounting principles, SEC reporting and Sarbanes Oxley compliance requirements.