C-SUITE

Fast-casual giant begins hunt for new CEO

BY Marianne Wilson

The chief executive of Subway is stepping down.

Suzanne Greco will retire as CEO of Subway on June 30, at which point she will become a senior advisor to the company. Subway has appointed Trevor Haynes, chief business development officer, as interim CEO, overseeing the day-to-day operations of the company, effective May 2, while it searches for a permanent chief. Haynes, who joined Subway in 2006, will work with Greco to ensure a smooth transition until Greco officially retires.

Greco has been CEO since 2015. She joined the company in 1973 as a “sandwich artist.” Prior to her role as CEO, she was part of the research & development team for over two decades and was promoted to lead the group as VP of operations and research & development in 2013.

“As we work with Suzanne on a smooth transition for the business we cherish, we are grateful for her extraordinary contributions and her insightful and dedicated leadership,” Subway’s shareholders stated. “We are optimistic about the brand and look forward to working with the next CEO to ensure a robust future for the company.”

Subway operates about 44,000 restaurants in 112 countries. Founded by then 17-year-old Fred Deluca and family friend Dr. Peter Buck more than 52 years ago, Subway is still a family owned business, working with more than 21,000 franchisees.

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