Subway announced CEO John Chidsey is stepping down at the end of 2024 at a time when the sandwich giant is struggling to keep pace with its fast-food rivals and just days after it canceled its $6.99 value meal deal because it apparently failed to meet expectations.
Chidsey, who has helmed the company since 2019, ushered Subway through its sale to private equity firm Roark Capital and is the chain's first CEO outside its founding families, CNN reported.
