Subway has named Jeff Shepherd as chief financial officer, succeeding Ben Wells, who will retire at the end of the year, the company said Wednesday.
Subway, the quick-service company that has corporate offices in both Shelton, Conn., and Miami, said Shepherd will report directly to John Chidsey, Subway CEO, and oversee the brand’s global finance organization and information security.
“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,” Chidsey said in a statement. “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 chief financial officer of Advance Auto Parts. Prior to Advance, Shepherd served as controller for General Motors Europe and held several senior roles within the organization. He also held a series of leadership roles with Ernst & Young.
Shepherd is based in the company’s Connecticut headquarters and will work with Wells for the remainder of the year to ease the transition.
Subway has about 37,000 restaurants in 100 countries. The company in August entered into an agreement to sell to Atlanta-based private-equity firm Roark Capital Group.
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