Subway, one of the world’s largest restaurant brands, has recently appointed Jeff Shepherd as its Chief Financial Officer (CFO).
Shepherd will directly report to John Chidsey, the Chief Executive Officer (CEO), and will supervise Subway’s worldwide finance organization. In this role, he will be responsible for both managing and enhancing the global financial performance and information security of the brand.
Shepherd takes over from Ben Wells, who is set to retire at the end of the year, concluding a remarkable 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,” said Subway CEO John 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.”
In his most recent position, Shepherd held the role of Executive Vice President and Chief Financial Officer at Advance Auto Parts. In this capacity, he formulated the financial strategy for the business and directed various finance functions, encompassing controllership and tax, financial planning and analysis, treasury, internal audit, pricing, and strategy.
Before joining Advance, Shepherd acted as the controller for General Motors Europe and occupied various senior positions within the organization. Additionally, he played pivotal roles at Ernst & Young, where he devised a procedure to guide global clients through bankruptcy and spearheaded tax remediation initiatives. Shepherd earned his bachelor’s degree in business administration, focusing on accounting, from Central Michigan University.
Situated at the company’s Shelton, Connecticut headquarters, Shepherd will collaborate closely with Wells throughout the remainder of the year, ensuring a smooth transition.