Subway Chief Govt Officer John Chidsey will retire on the finish of 2024 after 5 years within the function on the intently held sandwich chain.
Carrie Walsh, the chain’s president for Europe, Center East and Africa will function interim CEO whereas Subway searches for Chidsey’s successor, the corporate stated Tuesday in a press release.
Chidsey joined in 2019, changing into the primary CEO from exterior the corporate’s founding household because the chain struggled with a gross sales slowdown. He has tried to win again prospects by refreshing the menu and opening extra shops overseas for what’s already one of many world’s largest restaurant manufacturers.
As well as, Chidsey oversaw Subway’s sale to Roark Capital Group, a prolific restaurant investor whose holdings additionally embody Dunkin’ proprietor Encourage Manufacturers.
Chidsey will tackle a consulting function throughout the management transition, the corporate stated.
