Fast food chain Subway has appointed Jonathan Fitzpatrick as its new chief executive, marking the sandwich giant's first permanent leadership change since private equity firm Roark Capital acquired the chain for $9.6 billion (£7.12 billion) last year—a move that comes as aggressive rival Jersey Mike's rapidly expands across America with 300 new stores annually.
The appointment signals a critical juncture for the world's largest submarine sandwich franchise, which closed 631 US locations in 2024 whilst Jersey Mike's achieved £2.74 billion in US sales, representing a 12 per cent year-on-year increase.
