Transcript
A (0:00)
Foreign.
B (0:06)
Ladies and gentlemen, welcome back to the Uncensored cmo. In this episode, I'm delighted to be joined by the global CMO for Yum brands, Ken Minch. And we're going to be talking all things QSR related, innovation, advertising, new concept stores, and what it takes to be a really successful global cmo, leading marketers all around the world. This is a fascinating episode. Ken's got so much wisdom and he's also the author of a brilliant book that brings the theory and practice of marketing together. It's called Red and I thoroughly recommend you reading it. Here it is, my interview with Ken Minch. So, Ken, welcome to the Uncensored cmo.
A (0:38)
Thank you very much for having me. It's really cool to be here.
B (0:40)
Really looking forward to this conversation. And thanks for hosting us in Taco Bell headquarters as well.
A (0:45)
That's right.
B (0:45)
So anyone watching on video will get a little glimpse of where we are.
A (0:49)
There you go. Southern California, indeed.
B (0:51)
Yeah, happy to be here. Although I brought the weather with me. I was expecting you did, you did.
A (0:55)
It was going to be sun and shining, the typ dry weather that we have. But actually we could have used the rain right now.
B (1:01)
So if there was ever a moment to bring the rain, then, then now's the moment. So thank you so much for hosting me. Love to know. How did you get into this career? Where did it start for you and where did the connection with Yum first happen?
A (1:13)
Interesting. So I, I had never thought of marketing and advertising, you know, my entire childhood career. I, I, I actually started, I was a creative writing major at University of California, San Diego and was going to be a, I don't know, remember, novelist, poet, I have no idea. And I, and I quickly realized there was no money in it whatsoever and I got an offer to be a junior copywriter at an ad agency. And I thought, ah, what the hell, I'll do it for the summer. And then from there it just sort of blossomed. I went from one shop to another shop as a creative and then eventually got into strategy and then, you know, ended up running a big shop in Chicago with a few other heads of strategy, FCB in Chicago reporting to a few great, great, great mentors. And then interestingly, we, what happened at that point? Oh yeah, we moved out. We came to, to present to California. There was an issue with Taco Bell. They were, they had several quarters of declining sales or something was going on. And we came out here and started working on their issues and, and they said, well, we really like what you're doing. I don't think we're going to continue a relationship with the agency, but it would be great if you came and work here or broke off and started your own shop. So that's what we did. We broke off and we started our own shop. A couple folks, and we did a bunch of work for a bunch of brands. Eventually they wanted us more on KFC and more on Pizza Hut and more on KFC Global and all these. So it's massive piece of business. We couldn't do it all. And we had other clients that were a lot of fun to work with. And so eventually I think they got frustrated and out of anger and spite, they acquired us. And then that way we would just, you know, get rid of everybody else on our, on our roster. And so we did. We were fortunate enough to work with them. It was a great, great move just because they're so exciting and intuitive marketers at Yum. And we did. So we came over, we were acquired, but they let us stay in our own little. At first they said, no, no, you got to move into the Taco Bell building. We quickly said, no, no, the whole benefit of this is to be outside and be in the real world. You should go to Collider offices that are nearby here. And so we did, we kept our own space and did our own thing. And eventually I became the CMO of yum, but still run Collider. And Collider's is now about 35 people or 33 people, something like that. And we do work in 165 countries around the world. Wow.
