(Reuters) - (Brief corrects to clarify that Micky Pant is expected to take on CEO role of Yum China after spin-off. The new role will replace his current position as head of Yum's China unit, from which he is expected to resign.)

Yum Brands <YUM.N>:

* In connection with spin-off, Muktesh (Micky) Pant willresign as CEO of Yum's current China division, conditioned onthe completion of the spin-off * Pant is expected then to become CEO of the newly-formedYum China following the spin-off expected later this year * In connection with the spin-off, Jonathan Linen willdepart from the current board and audit committee and willbecome a member of the new Yum China board * Linen's resignation from board and appointment to YumChina's board is expected to be effective as of October 12, 2016

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