Sandwich chain Subway introduced on Tuesday that CEO John Chidsey will retire at the finish of the 12 months.
“It has been a privilege to guide Subway by way of an interval of thrilling change, and I’m so happy with what the workforce has achieved collectively,” he stated in a press release.
Chidsey has served as chief govt since 2019 and is the primary exterior of Subway’s founding household.
Subway, owned by Roark Capital, has undergone many modifications whereas Chidsey has been CEO.
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In 2021, for instance, the corporation applied a swath of updates to its substances. That was adopted 12 months later by the revealing of the “Subway Collection” menu.
Subway additionally introduced deli slicers and freshly sliced meats to its eating places final 12 months.
When he retires as CEO, Chidsey will seek the advice of Subway with an “explicit deal with serving to information the corporate’s worldwide progress technique and grasp franchisee relationships.”
Carrie Walsh, Subway’s Europe, Center East and Africa division president, will succeed Chidsey on an interim foundation. She has been with the corporation for 5 years.
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Subway board member Clay Harmon stated Walsh was “uniquely certified to guide Subway by way of this transition, bringing a mix of experience in world operations, model innovation, and digital transformation, which can carry continuity and assist Subway’s subsequent chapter.”
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The chain has practically 37,000 eating places all over the world, and in October, reported that it has notched more than 10,000 future restaurant commitments.
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