Miami — Subway has appointed Jeff Shepherd as chief financial officer (CFO). He will report directly to CEO John Chidsey and oversee Subway’s global finance organization. Formerly with Advance Auto Parts, 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,” says 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 and led the company’s finance functions, including controllership and tax, financial planning and analysis, treasury, internal audit, pricing and strategy.
Prior to Advance, Shepherd served as controller for General Motors Europe.
Shepherd is based in the company’s Shelton, Conn., headquarters and will work closely with Wells for the remainder of the year to ensure a seamless transition.
As one of the world’s largest quick service restaurant brands, Subway has nearly 37,000 restaurants worldwide. Subway restaurants are owned and operated by Subway franchisees. For more information, visit www.newsroom.subway.com.
SOURCE: Subway Restaurants