Senior KFC Executives Opt for Retirement as Interest Rates Hit Pension Payouts

Rising interest rates are adding to companies’ borrowing costs and triggering higher credit-card bills for consumers. At KFC, they are driving a turnover in senior management.

The Louisville, Ky.-based brand’s U.S. chief operating officer, chief financial officer and national field operations director have all notified Yum Brands KFC’s parent, that they will leave the chicken chain at the end of next month, according to company messages viewed by The Wall Street Journal.