Restaurant Supply Chain Solutions Announces CEO Succession Plan

Louisville, Ky., July 19, 2021 – Restaurant Supply Chain Solutions, LLC (RSCS), the exclusive supply chain management organization for Yum! Brands, Inc. and its KFC, Pizza Hut, Taco Bell and The Habit Burger Grill restaurant systems in the U.S., today announced that President and Chief Executive Officer Steve McCormick has made the decision to retire effective February 1, 2022, after a successful nine-year career with the Company. The RSCS Board of Directors has unanimously chosen current RSCS Chief Operating Officer Todd Imhoff to succeed McCormick as President and CEO.

As President and CEO, Imhoff will take responsibility of all aspects of RSCS’s business strategy, overseeing the quick-service restaurant industry’s largest purchasing cooperative. He will report directly to the RSCS Board of Directors and serve as a non-voting ex-officio member of the RSCS Board of Directors.

“The RSCS Board is grateful for the tremendous leadership, strategic insight and lasting legacy of Steve McCormick, all of which positioned RSCS as a best-in-class supply chain company,” said Mark Peterson, RSCS Board Chairman. “One of Steve’s many strengths has been building an outstanding executive team, and the RSCS Board welcomes Todd as the incoming President and CEO. With his deep company experience and thoughtful leadership approach, we have full confidence that Todd is the right leader, at the right time, to continue driving RSCS’s business and culture forward.”

“RSCS plays a critical role in the day-to-day operation of Yum! Brands’ business, and Steve’s leadership has undoubtedly had a profound and positive impact on our company for nearly a decade. On behalf of Yum! Brands, I thank him for his partnership and congratulate him on his well-deserved retirement,” said Scott Catlett, Yum! Brands Chief Legal & Franchise Officer & Corporate Secretary and RSCS Board member. “We also extend our congratulations to Todd, a well-established and highly respected leader whose in-depth knowledge of our business and commitment to collaboration with our brands and franchisees will enable a seamless transition.”

Under McCormick’s leadership, RSCS has successfully built upon its strong tradition of world-class supply chain excellence, system-wide value creation and status as the world’s premier restaurant supply chain organization. Through his focus on collaboration between brand teams, suppliers and franchisee partners, RSCS has spent the last decade driving innovation while maximizing profitability through top- and bottom-line growth.

“It has truly been my pleasure and privilege to take this journey with RSCS along with its incredible team, franchisees, brand partners and many other stakeholders. The power of this team has enabled amazing growth and I am grateful for the support of the many associates whose passion and love of this organization and industry remain a north star for our success,” said McCormick. “RSCS will be in good hands with Todd at the helm, as he is an outstanding leader with the talent, integrity, track record and experience to take the Company into the future. I couldn’t be prouder of him, and am confident that he will transition smoothly into this exciting new chapter for him and the entire RSCS family.”

As Chief Operating Officer, Imhoff has led, developed and aligned both short- and long-term supply chain strategy for all of RSCS’s concepts and international business, ensuring that the Company delivered industry-leading supply chain capabilities and a world-class sales and operations planning process. He’s also a long-time, committed champion of RSCS’s core values and culture of transparency, collaboration, respect and integrity.

“I am honored and excited to take this role and continue the great work of Steve McCormick. He has served as a supportive partner and leader to me from day 1, and I intend to honor and preserve the solid business foundation and culture he built that makes RSCS as strong as it is today,” said Imhoff. “I thank the Board for its incredible acknowledgement and confidence, and I’m looking forward to a future of continued teamwork, exceptional results and more growth for the RSCS system.”

Imhoff joined RSCS as Chief Procurement Officer in 2013 from Alcoa Inc., a global metals, mining and engineering products company, where he served as Vice President Global Commodity Management. During his tenure at Alcoa, Imhoff led a global team responsible for the commercial procurement of strategic materials, indirect materials and services, and capital equipment and services for the enterprise. He also held positions at Great Lakes Chemical Corporation, Monsanto/Solutia and PepsiCo. Imhoff earned a Bachelor of Science in Business Logistics from Penn State University and an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University.

ABOUT RSCS
Restaurant Supply Chain Solutions, LLC (RSCS) is the exclusive supply chain management organization for Yum! Brands, Inc., and its national restaurant systems: KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill. Headquartered in Louisville, Kentucky, RSCS also has offices in Irvine, California; Fort Lauderdale, Florida; and Plano, Texas. With world-class buying expertise, supplier-relationship management and evolving strategic processes, RSCS negotiates the procurement of food, packaging, non-food and equipment items for approximately 18,000 restaurants. RSCS’s strategic vision is to be the world’s premier restaurant supply chain organization providing a competitive advantage to its members.



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