The CEO of Yum! Brands, owner of KFC, Pizza Hut and Taco Bell, has a new kitchen for dining.
David Gibbs paid $ 8.5 million for a waterfront home in Gulf Stream, property records show. A trust in Patricia Moran’s name sold the 6,401 square foot home at 550 Middle Road. Moran is the former President and CEO of JM Family Enterprises, an auto company based in Deerfield Beach and founded by her father, Jim Moran.
Gibbs bought the property with his wife, Sharon. He became CEO of Yum! in January of last year, according to its website. Gibbs has been with the company since 1989 and was previously Director of the Board of Directors. Yum! separated from PepsiCo in 1997. It has more than 50,000 restaurants in 150 countries, including franchises.
Pat Moran bought the five-bedroom, seven-and-a-half-bath Gulf Stream home in 2016 for $ 6.7 million, according to records. It was built in 2001 on a 9,001 square foot lot with 330 feet of deep water frontage and a 150 foot dock.
The home has a wood-paneled library, three-bay garage, and balconies with views of the Intracoastal, according to the listing.
Earlier this year, a trust paid $ 11 million for a beachfront home in Gulf Stream. Other recent deals include an heir to McGraw Hill’s $ 8million sale and the Flex Seal founder ‘s $ 20million purchase, both of waterfront homes in the upscale city. .