Andrall E. Pearson, Founding Chairman of Yum! Brands, Passed Away on March 11, 2006

Pearson had a legendary business career, which spanned over 40years and culminated in his serving as the Founding Chairman of Yum!Brands upon its spin-off from PepsiCo in 1997. He served in thatcapacity until 2000, at which time David C. Novak became Chairman andChief Executive Officer, having served as Vice-Chairman and Presidentuntil then. Pearson continued to serve on the Yum! Brands Board ofDirectors and was scheduled to step down in May, 2006.

"Andy Pearson was one of the world's most respected leaders andhas been instrumental to the success of our Company. His incredibleknowledge, brilliant insights and standards for excellence put YUM onthe right path and have helped us stay on it. All of us who have hadthe privilege to work with Andy know that he was truly one of a kind,"said David C. Novak, Chairman and CEO of Yum! Brands.

"On a personal note, Andy was not only my partner, he was like afather, brother and best friend wrapped in one. I will miss theexperience he so willingly shared, his constant encouragement, hisamazing positive energy and the incredible fun he brought to my life,"Novak added.

Pearson successfully reinvented himself in a succession ofsignificant positions, serving as partner of McKinsey & Co., presidentof PepsiCo, tenured professor at Harvard Business School, generalpartner of Clayton, Dubilier and Rice, and CEO and Founding Chairmanof YUM Brands.

Born in Chicago on June 3, 1925, he earned his Bachelor of Artsfrom the University of Southern California. He attended USC along withhis identical twin brother, Richard. Following his graduation fromUSC, Pearson, along with his brother, enlisted in the Navy at the endof the Second World War. Both brothers then attended Harvard BusinessSchool, graduating in 1947. After graduating, the Pearson twins metthe Pope sisters, also identical twins, and subsequently married in adouble ceremony in 1951. Both couples recently celebrated their 55thwedding anniversary together on March 2.

Pearson is fondly remembered by a number of business leaders:

"Andy will forever be remembered among the iconic, gifted leadersthat shaped PepsiCo into a successful and respected globalenterprise," said Steve Reinemund, Chairman and CEO of PepsiCo.

"What separated Andy from many other great leaders is that he hada big heart, not just a big brain. It's a rare quality to have bothpassion and a sense of humor, along with brilliance, and Andy set thestandard," said Jamie Dimon, Chairman and CEO of JPMorgan Chase.

Jack Welch, former Chairman and CEO of General Electric, calledAndy "a decisive business leader who loved business, was a greatpractitioner, as well as a great teacher."

Larry Bossidy, former Chairman of Honeywell International andauthor of best selling books such as "Execution," said, "Andy wasenergetic, insightful, stayed contemporary and was delightful to bearound."

"Andy separates the minutia from the real issues faster thananyone I've ever known," said Sandy Weill, Chairman of Citigroup andon whose board Andy served from the inception of Commercial Credituntil Andy retired in 2005.

Recently named one of the nation's "most significant Directors" bythe Outstanding Directors organization, Pearson served on numerouspublic and non-profit boards in addition to Yum! Brands, includingCitigroup, the May Company, TWA, the Metropolitan Museum of Art andthe NYU Medical Center. He was an avid collector of Pre-Columbian art,and his collection was featured at the Art Institute of Chicago in2002, and the Metropolitan Museum of Art in New York in the fall of2004. The family has made significant donations of their collection tothe Met.

He is survived by his wife of 55 years, Joanne Pope Pearson, histwin brother Dick and his wife Jany of Santa Barbara, CA, his daughterand son-in-law, Jill and Alan Rappaport, of Bronxville, NY, and twograndchildren, Alex and Hilary.

A memorial service will be held at the Reformed Church, 180Pondfield Road, Bronxville, NY on Saturday, March 18, 2006 at 11:00am. In lieu of flowers, the family requests that donations may be madeto the Cardiovascular Research Fund at the NYU Medical Center, 560First Ave. & 32nd Street, New York, NY 10016.