John Chidsey, Global CEO of Subway, will retire at the end of 2024 after a five-year tenure.  He will be replaced by Carrie Walsh, President of the EMEA Segment and previously, Global Chief Marketing Officer.  Ms. Walsh will serve as the Interim CEO while a search is conducted for a permanent appointee. The “interim” status indicates the absence of a planned transition plan.

John Chidsey joined Subway in 2019 and led the transformation of the business culminating in acquisition of the company by Roark Capital Group. Chidsey will remain in a consulting role to facilitate transition, especially in relation to international growth and master franchisee relationships.

Currently, Subway has 10,000 commitments by aspirant franchisees and anticipates expansion in 2025.