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Subway Names CEO Transition

by Katie Lee

Miami — Subway has announced that John Chidsey, global chief executive officer (CEO), will retire from the company at the end of 2024, after 5 years of leadership in the role. Carrie Walsh, Subway’s current president of Europe, Middle East and Africa (EMEA) and former global chief marketing officer (CMO), will assume the role of Iinterim CEO, while a search is conducted to identify Chidsey’s permanent successor. Chidsey joined Subway in 2019 as the brand’s first CEO outside of the founding family and led a multi-year transformation of the business. …

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franchise developmentNewspeoplerestaurantssoftware/technology

Smoothie King Appoints New Chief Information Officer

by Katie Lee

Dallas — Smoothie King, the world’s largest smoothie brand and the first health and fitness fast-casual brand of its kind, has appointed Jyoti Lynch as its new chief information officer (CIO). Lynch started in late October, and in this role, she leads the brand’s technology strategy, ensuring that innovation continues to enhance Smoothie King’s digital transformation and guest experience. Lynch brings more than 25 years of experience as a proven technology expert with a successful track record in building and transforming well-known restaurant, retail and technology brands; growing company revenue, …

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Newspeopleretailers

The Michaels Companies Announces CEO Transition

by Katie Lee

Irving, Texas — The Michaels Companies, Inc. has announced that Ashley Buchanan is stepping down from his role as chief executive officer and member of the board of directors, effective Jan. 15, 2025. The board of directors has already initiated a CEO search with leading executive search firm, Spencer Stuart. “On behalf of the board and Michaels team members, I want to thank Ashley for his valuable contributions since he joined the company in 2020,” says Andrew Jhawar, chairman of the board. “Ashley has led Michaels through significant transformation, delivering …

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Newspeoplerestaurants

Tom’s Watch Bar Names Co-Founders as Co-CEOs

by Katie Lee

Denver — Tom’s Watch Bar, a rapidly expanding premier venue for sports viewing and entertainment, has appointed Brooks Schaden and Shannon McNiel as co-CEOs. Schaden and McNiel are both co-founders, along with fellow industry veterans Tom Ryan and Rick Schaden, both of whom remain with the company as board members and active advisors. Rick Schaden remains chairman of the board. “Brooks and Shannon have demonstrated the strength of their partnership over the past 7 years, together successfully driving Tom’s Watch Bar’s growth to 12 — soon to be 13 — …

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Newspeoplerestaurants

Craveworthy Brands Appoints First In-House General Counsel

by Katie Lee

Chicago — Craveworthy Brands, an innovative, multi-brand restaurant platform, has appointed its first in-house general counsel, John Silvestri, J.D. With over 25 years of experience, Silvestri’s addition to the team strengthens Craveworthy’s goal to build a comprehensive legal framework that enhances operational resilience, supports partner success and drives the company’s vision forward. As general counsel, Silvestri will oversee corporate governance, franchise compliance, M&A negotiation and risk management across Craveworthy’s expanding portfolio of legacy brands and emerging concepts. “John’s expertise and leadership will be a game-changer for Craveworthy as we redefine …

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Newspeopleretailers

Publix Names Vice President of Finance

by Katie Lee

Lakeland, Fla. — According to Publix Super Markets CEO Kevin Murphy, Doug Stalbaum has been promoted to vice president of finance, effective Jan. 1, 2025. He joined the company in 2019 as director of business analysis and reporting, and was promoted to his current role, vice president and controller, in 2022. Prior to joining Publix, Stalbaum was a senior audit manager at an accounting firm for 8 years, senior director and controller at a restaurant chain for 6 years and director of finance at a furniture retailer for 3 years. …

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franchise developmentNewspeoplerestaurants

Jack in the Box Inc. Names Chief Financial Officer

by Katie Lee

San Diego — Former CFO Lance Tucker is returning to Jack in the Box Inc., again as chief financial officer, effective Jan. 13, 2025. Tucker is currently chief financial officer of Davidson Hospitality Group, while having also served as CFO at CKE Restaurants Inc. and Papa John’s International, Inc. Tucker succeeds Brian Scott, who resigned from the company on Nov. 20. Tucker served as CFO of Jack in the Box Inc. from March 2018 to July 2020, during which he played an instrumental role in implementing the company’s securitization, while …

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Citi Trends Appoints CEO

by Katie Lee

Savannah, Ga. — The board of directors of Citi Trends Inc. has appointed Kenneth (Ken) Seipel as chief executive officer, effective Nov. 18, 2024. Seipel has been serving as the interim CEO of Citi Trends since June 1, 2024, and on the board of directors since 2019. Concurrently, the board appointed Peter Sachse, the current executive chairman of the board, as chairman of the board. In addition, the company is announcing preliminary Q3 2024 results with sales of $179.1 million and comparable store sales growth of 5.7% vs. Q3 2023. …

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franchise developmentNewspeoplerestaurants

Nothing Bundt Cakes Appoints Chief Development Officer

by Katie Lee

Dallas — Nothing Bundt Cakes®, the nation’s largest specialty cake company, has appointed franchise development veteran Joel Larkin as chief development officer to lead the 635-unit brand’s continued expansion. Larkin brings over two decades of franchise development and operations expertise to Nothing Bundt Cakes. He most recently served as chief franchise and development officer at European Wax Center, where he oversaw its expansion to more than 1,000 locations. “Joel’s background is uniquely suited to the fast-paced growth we are undertaking here at Nothing Bundt Cakes,” says Dolf Berle, CEO of …

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Newspeopleretailers

Dollar Tree Makes Key Leadership Changes

by Katie Lee

Chesapeake, Va. — Dollar Tree, Inc. has made several updates to its executive leadership team. Steve Schumacher has been promoted to executive vice president and chief people officer; Jocelyn Konrad has been named chief of Dollar Tree Stores and enterprise store operations; and Jason Nordin has been named president of Family Dollar Stores. Schumacher’s promotion is effective immediately. He has served as interim chief people officer for the past 6 months and will continue to lead all human resources (HR) functions for the Dollar Tree and Family Dollar banners. He …

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