Devyani International Limited has announced a leadership transition, confirming the resignation of Shivashish Pandey as CEO of Yum Brands, effective 28 February 2026. The resignation letter, dated 24 November 2025, was addressed to Virag Joshi, the company’s Chief Executive Officer & President, and Rajeshwar Tripathi, Group CHRO, underscoring the top management layer involved in guiding the transition. The company had previously signaled the change in a February 4, 2026 intimation and states that it will oversee a smooth handover as it moves to appoint a successor.
Pandey’s exit signals a pivotal moment for the Yum Brands business under Devyani International, which operates the Yum Brands-licensed network in India. As the company navigates this change, the leadership team led by Virag Joshi and Rajeshwar Tripathi is expected to steer the ongoing transition and ensure continued momentum across the Yum Brands portfolio. The announcement stops short of naming a replacement, indicating the process of finding a successor is underway.
Industry observers will be watching closely to see how Devyani maintains continuity in its fast-paced, consumer-facing business while defining the next phase of leadership for a strategically important segment of its operations. A clear succession plan and a timely appointment will be critical to sustaining growth as the organization progresses on its expansion and brand-enlargement agenda.