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In Boardroom Shuffle, Puzder Exits CKE, KFC’s Marker Takes Over


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Andrew Puzder with Franchise Times Editor-at-Large Nancy Weingartner.

Joe Veen

A pair of high-profile moves are shaking things up at CKE and KFC.

Early on Tuesday, KFC U.S. President Jason Marker was replaced by former CMO Kevin Hochman. In a press release, Yum Brands announced Marker left to “pursue other opportunities.”

A few hours later, that opportunity was revealed in a release from CKE.

Marker will take over as CEO of CKE Restaurant Holdings, replacing Andrew Puzder, who served at the head of the company since 2000. Puzder, who served through the Great Recession, plotting a new course for growth, became a household name as President Donald Trump’s Labor Secretary nominee.

Stepping away from the bright, bright limelight would make sense, but Puzder said the transition had been in the works long before his nomination.

“I expressed my desire to have CKE plan for succession approximately a year ago, and I could not be more pleased to have Jason Marker selected to be the company’s next leader,” Puzder stated in a press release. “He is an outstanding executive who will continue to build the Hardee's and Carl’s Jr. brands both internationally and domestically.”

Hochman isn’t just moving into a vacuum. The move seems to have been an easy choice for Yum. He’s been in the CMO role for three years and has 10 consecutive quarters of same-store sales growth, and he was instrumental in rebranding the iconic chicken purveyor. 

“He has led KFC’s incredible brand re-launch and brought back the greatest chicken salesman in the world, Colonel Sanders, to pop culture,” said Greg Creed, chief executive officer, Yum! Brands. “He’s the perfect person to continue to grow and elevate KFC U.S. into a distinctive, relevant brand that people trust and champion.”

Yum (NYSE: YUM) shot up to more than $64 before sinking slightly (along with the rest of the market), ending the day at down .53% at $63.73. 

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The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonLaura Michaels is managing editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 
Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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