Jeff Shepherd Becomes Subway CFO as Ben Wells Retires

Jeff Shepherd has assumed the role of CFO at Subway, bringing with him nearly three decades of financial expertise. He takes over from Ben Wells, who joined the chain back in December 2019 and is set to retire at the year’s end.

Wells will continue supporting the company until the year-end to facilitate a smooth transition. Wells boasts an impressive 46-year career, notably serving as CFO at Burger King from 2005 to 2011.

Shepherd’s extensive financial and accounting background spans nearly 30 years. Prior to joining Subway, he served as CFO and EVP of Advance Auto Parts, where he led comprehensive financial functions encompassing controllership, tax, financial planning, analysis, treasury, internal audit, pricing, and strategy, as noted by the company. Shepherd’s earlier experience at Ernst & Young involved developing processes to aid clients through bankruptcy and leading tax remediation efforts.

CEO John Chidsey expressed gratitude for Wells’ substantial contributions to the brand’s global financial stability and strategic growth, citing his involvement in 11 consecutive quarters of positive sales results. Chidsey praised Shepherd’s track record in driving strong financial outcomes for global brands, emphasizing his wealth of experience spanning nearly three decades.

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