CEO John Chidsey to Retire at 12 months Finish
Carrie Walsh, Subway’s President of EMEA and former International Chief Advertising Officer, Appointed Interim CEO
Miami, Fl (RestaurantNews.com) Subway, one of many world’s largest restaurant manufacturers, at this time introduced that John Chidsey, International Chief Govt Officer (CEO), will retire from the corporate on the finish of 2024, after 5 years of outstanding management within the position. Carrie Walsh, Subway’s present President of Europe, Center East and Africa (EMEA) and former International Chief Advertising Officer (CMO), will assume the position of Interim CEO, whereas a search is performed to determine John’s everlasting successor.
“I’m honored to step into the position of Interim CEO, persevering with to drive key initiatives to assist increase franchisee profitability and delight our company via innovation,” stated Walsh. “By a collaboration with the Subway management crew, workers and our valued franchisees, we’ll hold elevating the Subway expertise and ship recent, high quality meals to extra company across the globe.”
Chidsey joined Subway in 2019 because the model’s first CEO outdoors of the founding household and led a multi-year transformation of the enterprise. Beneath his management, Subway strengthened its market place by refreshing its menu and visitor expertise and accelerating digital innovation. Chidsey additionally led Subway’s world progress technique, with a deal with attracting well-resourced, skilled multi-unit operators and grasp franchisees. Consequently, the model now has over 10,000 future restaurant commitments and is on monitor to greater than double the variety of new restaurant openings in 2024, in comparison with 2019.
“Beneath John’s management, Subway has been remodeled. His imaginative and prescient and keenness have set a excessive commonplace that may proceed to information the model for years to return,” stated Clay Harmon, Member of the Subway Board of Administrators. “Carrie is uniquely certified to guide Subway via this transition, bringing a mix of experience in world operations, model innovation and digital transformation, which is able to convey continuity and help Subway’s subsequent chapter.”
In her position, Walsh will proceed to execute Subway’s strategic progress plans, leveraging greater than twenty years of expertise constructing manufacturers throughout the restaurant, retail and client industries, together with at YUM! Manufacturers, Pizza Hut and PepsiCo.
Walsh joined Subway in 2019 as a member of Subway’s Govt Management Staff and performed a pivotal position in elevating the model’s U.S. and world notion and driving the corporate’s strategic route. As International Chief Advertising Officer, she helped convey hundreds of latest and lapsed followers again to the model and strengthening Subway’s place as a pacesetter within the fast service restaurant and sandwich industries. Most lately, Walsh served as President of EMEA, Subway’s second-largest area, the place she oversaw operations, finance, advertising and marketing and improvement exercise throughout 50 nations and territories.
“It has been a privilege to guide Subway via a interval of thrilling change, and I’m so pleased with what the crew has achieved collectively,” stated Chidsey. “I’ve labored intently with Carrie over the previous 5 years, and I’ve witnessed firsthand her deep understanding of what it takes for a worldwide model to develop and evolve. Mixed together with her steadfast dedication to Subway and its franchisees, I’m assured Carrie is the proper chief to shepherd Subway via this transition as we proceed to improve our place as a number one world restaurant model.”
Chidsey will transition to a consulting position to make sure a seamless transition, with a specific deal with serving to to information the corporate’s worldwide progress technique and grasp franchisee relationships.
About Subway® Eating places
As one of many world’s largest fast service restaurant manufacturers, Subway serves freshly made-to-order sandwiches, wraps, salads and bowls to thousands and thousands of company, throughout greater than 100 nations and territories in practically 37,000 eating places day by day. Subway eating places are owned and operated by Subway franchisees — a community that features hundreds of devoted entrepreneurs and small enterprise homeowners—who’re dedicated to delivering the most effective visitor expertise potential of their native communities.
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