Comcast SpinCo Appoints Ex-Fast Food CEO David Novak As Chairman

4 hours ago 2

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Comcast NBCUniversal building at Universal Studios film and television production studios

Comcast NBCUniversal building at Universal Studios film and television production studios Getty Images

Comcast has appointed David Novak, one of its board members and the former CEO of fast food company YUM! Brands, as chairman of its soon-to-spin-off collection of cable TV networks.

SpinCo, as the entity is called on a temporary basis, is aiming to separate from Comcast by the end of the year. It will have major networks including MSNBC, USA and others from the NBCUniversal fold, with Bravo remaining at the parent company with NBC and Telemundo.

In a statement, Comcast CEO Brian Roberts salkuted the “talent and success” of Novak, who steered YUM from 2000 to 2014. PepsiCo created YUM as a stand-alone entity (speaking of spincos) after acquiring KFC, Pizza Hut and Taco Bell.

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