Subway announced on Tuesday that CEO John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure. Chidsey, who joined the company in 2019, is credited with driving a significant turnaround for the iconic sandwich chain, including revitalizing its menu and navigating its sale to private equity firm Roark Capital earlier this year. His departure comes as the company prepares for its next growth phase under new ownership.
The company also announced that Carrie Walsh, Subway’s current president of Europe, Middle East, and Africa (EMEA) and former global chief marketing officer (CMO), will serve as interim CEO starting January 1, 2025, while Subway
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