Yum Brands, owner of Taco Bell, adds Target CEO Brian Cornell to its board

Associated Press

Target CEO Brian Cornell has been named to the board of Yum Brands, the company that owns Taco Bell and KFC.

Cornell, 56, who has been at the helm at Target for just over a year, has already left his stamp on one of the biggest retailers in the world. The company has revisited the fashions it sells and is positioning itself as a promotor of better health.

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Target said this week that it would put healthier snacks near the registers, and move more sugary snacks somewhere else. It also handed out Fitbit activity trackers to all of its 300,000-plus workers.

"Brian's expertise will complement our efforts to strengthen and grow our brands around the world," Yum CEO Greg Creed said in a printed statement.

Cornell was previously CEO of PepiCo. Inc.'s snack food business in the U.S. and Latin America. Before that, he was CEO of Sam's Club, Wal-Mart Store Inc.'s warehouse chain, and CEO of crafting chain The Michaels Cos.

Shares of Yum Brands Inc., based in Louisville, Kentucky, fell 1.41, or 1.7 percent, to $81.56 in midday trading Friday.