Subway names new CFO

He was previously the EVP and CFO of Advance Auto Parts.

Subway has appointed Jeff Shepherd as the new Chief Financial Officer.

Shepherd will report directly to CEO John Chidsey and oversee Subway's global finance organization, responsible for managing and optimising the brand's global financial performance and information security. Shepherd succeeds Ben Wells who will retire at the end of the year after a 46-year career.

Shepherd previously served as Executive Vice President and CFO of Advance Auto Parts where he set a 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.

Before Advance, Shepherd served as controller for General Motors Europe and held several senior roles within the organization. He also held a series of leadership roles with Ernst & Young where he developed a process for assisting global clients through bankruptcy and led tax remediation efforts. Shepherd holds a bachelor's degree in business administration from Central Michigan University with an emphasis in accounting.

Shepherd will be based in the company's Shelton, Connecticut, headquarters and will work closely with Wells for the remainder of the year to ensure a seamless transition.