Subway Global CEO resigns
He has led the fast food giant for five years.
John Chidsey, Global CEO of Subway has announced his retirement from the company at the end of 2024.
Chidsey joined Subway in 2019 as the brand's first CEO outside of the founding family and led a multi-year transformation of the business. Under his leadership, Subway strengthened its market position by refreshing its menu and guest experience and accelerating digital innovation. Chidsey also led Subway's global growth strategy, with a focus on attracting well-resourced, experienced multi-unit operators and master franchisees. As a result, the brand now has over 10,000 future restaurant commitments and is on track to more than double the number of new restaurant openings in 2024, compared to 2019.
Chidsey will transition to a consulting role to ensure a seamless transition, with a particular focus on helping to guide the company's international growth strategy and master franchisee relationships.
Carrie Walsh, Subway's current President of Europe, Middle East and Africa (EMEA) and former Global Chief Marketing Officer (CMO), will assume the role of Interim CEO, whilst a search is conducted to identify John's permanent successor.
Walsh joined Subway in 2019 as a member of Subway's Executive Leadership Team. As Global Chief Marketing Officer, she helped bring thousands of new and lapsed fans back to the brand and strengthened Subway's position as a leader in the quick-service restaurant and sandwich industries. Most recently, Walsh served as President of EMEA, Subway's second-largest region, where she oversaw operations, finance, marketing and development activity across 50 countries and territories.