Loeb cited the prospect of Yum! Brands turning the page in China, specifically a recovery at KFC after a food supplier scandal last year crippled sales and profits. Third Point declined to comment via email on whether it still holds a stake in Yum! Brands, and, if it did, what it thought about the company's China performance. An inquiry to Meister was not immediately returned. The lack of progress by Yum! Brands management in fixing its China problems may spur the activist investors to call for changes at the company, such as demanding board seats or pushing for a spinoff of the China businesses before they lose more value, given the issues plaguing their performance. The involvement of Loeb and Meister has arguably already brought a shake-up to Yum! Brands. On Aug. 18, Yum! Brands said company veteran Micky Pant would replace retiring CEO Sam Su as head of the China division.