New York CNN —Yet another fast food CEO is stepping down. Subway announced Tuesday that its CEO, John Chidsey, will retire at the end of 2024. Chidsey, the first chief executive outside of the chain’s founding family, joined Subway as CEO in 2019. The chain’s store count is also shrinking, closing 400 restaurants in the US last year and finishing 2023 with the lowest store count since 2005. Incoming interim CEO Walsh is currently the company’s president of Europe, Middle East and Africa and also served as global chief marketing officer.

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Persons: John Chidsey, Carrie Walsh, Chidsey, Walsh, – CNN’s Jordan Valinsky Organizations: New, New York CNN, Subway, Starbucks Locations: New York, Wendy’s, Europe, Middle East, Africa