Subway

Financing

Here are 4 ideas for Subway's next CEO

The Bottom Line: The retirement of John Chidsey was not surprising given the sandwich giant’s sale to Roark Capital. Whoever takes over will have a lot to do. So here are a few ideas, starting with fixing relations with operators.

Leadership

John Chidsey to retire as Subway CEO

The chief executive of the fast-food sandwich giant will retire at the end of the year. Carrie Walsh, who heads the company’s operations in Europe, the Middle East and Africa, will take over as interim CEO.

The fast-food sandwich giant is ending an in-restaurant offer of a $6.99 Meal Deal after sales did not meet expectations. The company is shifting to an online, 20% off deal the rest of the year.

The sandwich chain debuted “Fresh Forward 2.0,” a new iteration of its restaurant image designed to improve convenience and ambiance and pave the way for more digital efforts.

The Double Chocolate Peppermint Footlong is the follow-up to the sandwich chain’s original chocolate chip version.

The fast-food sandwich giant is debuting Ghost Pepper Bread for two limited-edition sandwiches launching Wednesday.

A distributor in the area didn’t make promised deliveries for at least two weeks, leaving the company and franchisees scrambling to find supplies.

The company says it has commitments for 10,000 global restaurants, turning around what had been a struggling international growth strategy even as it closes locations domestically.

An attorney for the sandwich giant’s franchise association told the company to stop threatening operators with termination over the company’s new Pepsi contract.

The sandwich giant terminated the franchise earlier this month, but says it is working to reopen the stores in Washington and Oregon.

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