Subway taps Burger King veteran Jonathan Fitzpatrick as next CEO
Jonathan Fitzpatrick, Subway CEO.
Courtesy: Metro
Sandwich chain Subway touched for former Burger King manager Jonathan Fitzatrick as the last CEO of the company on July 28th.
On Monday, the announcement follows a month -long search for the successor of former CEO John Chidsey. Chidsey retired at the end of 2024 five years later with the company. The term of office included a sale of $ 9.6 billion of the chain of the family at the time of the private capital company Roark Capital, a private capital company in 2023.
Fitzpatrick joined Subway after spent more than 12 years, Driven Brands, another ROARK -supported company, is the automotive services provider. Before Driven brands, he worked as a brand and operation officer of Burger King, after playing other roles in the chain business. Fitzpatrick resigned from Driven brands earlier this year.
Chidsey’s resume contained time in Burger King. Ten years before joining Subway, Chidsey directed Burger King until it was purchased by 3G Capital and the end Restaurant brands international.
The change of leadership comes in difficult times for fast-food restaurants. Consumers often do not eat and seek agreements when they do. Such discounts can be heavy on restaurants on razor profit margins.
Subway himself comes with his own difficulties. It is the largest US restaurant chain, which has more than 19,500 locations according to the number of stores, but competition from fast and other sandwich chains has eroded its market share in the last 15 years.
According to Technomic data, sales fell 3.8%last year.
