Subway announced its new Chief Financial Officer will be Jeff Shepherd, from the beginning of 2024. Shepherd will report directly to Chief Executive Officer John Chidsey. Going forward, he will be in charge of Subway’s global finance organization, managing and optimizing the brand’s global financial performance and information security. Shepherd succeeds Ben Wells who will retire at the end of the year, after a 46-year career.

“Jeff has a well-earned reputation for driving strong financial results for global brands, bringing nearly 30 years of financial and accounting experience to our organization,” said Subway CEO John Chidsey. “As we welcome Jeff to Subway, we also thank Ben for his significant contributions. Since joining the company in December 2019, Ben has been a key driver of our brand’s global financial stability and strategic growth, contributing to 11 consecutive quarters of positive sales results.”

Most recently, Shepherd served as Executive Vice President and CFO of Advance Auto Parts where he set financial strategy for the business. He also worked for General Motors Europe and held a series of leadership roles with Ernst & Young.

Shepherd is based in the company’s Shelton, Connecticut, headquarters and will work closely with Wells for the remainder of the year to ensure a seamless transition.

Subway has nearly 37,000 restaurants in over 100 countries, owned and operated by Subway franchisees.

Photo: Subway