Jersey Mike’s Subs has appointed Charlie Morrison, former CEO of Wingstop and Salad and Go, as its new CEO following its $8 billion acquisition.
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00:00Jersey Mike Subs has appointed Charlie Morrison, former CEO of Wingstop and Salad and Go, as the new CEO, following its $8 billion acquisition by private equity firm Blackstone.
00:11Founder Peter Cancro, who started the company in 1975, is stepping down after 50 years, but will remain chairman and retain a 10% ownership stake.
00:21Under Cancro's leadership, the chain expanded to over 3,500 locations and achieved more than $3.5 billion in U.S. sales in 2024, a 12% increase from the previous year.
00:33Morrison plans to accelerate the chain's growth, especially in international markets, leveraging Jersey Mike's growing popularity among value-focused consumers.