Subway North America President Doug Fry gives an update on the $3 Footlong Dipper on “Claman Countdown.”
Sandwich chain Subway announced Tuesday that Chief Executive Officer John Chidsey will retire at the end of the year.
“It's been an honor to lead Subway during a period of exciting change, and I'm so proud of what our team has accomplished together,” he said in a statement.
Chissy has served as CEO since 2019, making him the first person outside of Subway's founding family to do so.
John Chissey became Subway's CEO in 2019. (Photo by Miguel Villagran/Getty Images/Getty Images)
Subway, owned by Roark Capital, has undergone a number of changes during Chidsey's tenure as CEO.
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For example, the company implemented a series of ingredient updates in 2021. A year later, the “Subway Series'' menu was announced.
Last year, Subway introduced deli slicers and freshly sliced meats to its restaurants.
Upon stepping down as CEO, Chissey will consult with Subway “with a particular focus on guiding the company's international growth strategy and building relationships with franchisees.”
An employee prepares sandwiches at a Subway restaurant on January 12, 2023 in Austin, Texas. (Brandon Bell/Getty Images/Getty Images)
Carrie Walsh, president of Subway's Europe, Middle East and Africa division, will replace Chissey on an interim basis. She has been working at the company for 5 years.
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Subway board member Clay Harmon said Walsh's “combined expertise in global operations, brand innovation, and digital transformation makes him uniquely qualified to lead Subway through this period of transition.” “It will provide continuity and support Subway's next chapter.”
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The chain has about 37,000 restaurants worldwide and reported in October that it had signed contracts for more than 10,000 restaurants in the future.
