Subway CEO John Chidsey to Retire After Five Years Leading the Chain
Chidsey, who oversaw Subway's transformation and $9 billion sale to Roark Capital, will continue as a consultant focusing on international growth.
- John Chidsey, Subway's CEO since 2019 and the first outside the founding family, will step down at the end of 2024.
- During his tenure, Chidsey led significant changes, including menu updates, the introduction of deli slicers, and the launch of the 'Subway Series' menu.
- Chidsey played a pivotal role in the $9 billion sale of Subway to private equity firm Roark Capital in 2023.
- Carrie Walsh, current president of Subway's Europe, Middle East, and Africa division, will serve as interim CEO while a permanent replacement is sought.
- Subway has secured commitments for 10,000 new restaurants globally, with Chidsey set to continue supporting international expansion as a consultant.