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    Home»Startups»Jersey Mike appointment new CEO after $ 8 billion acquisition
    Startups

    Jersey Mike appointment new CEO after $ 8 billion acquisition

    PineapplesUpdateBy PineapplesUpdateApril 26, 2025No Comments3 Mins Read
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    Jersey Mike appointment new CEO after $ 8 billion acquisition
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    Sandwich veteran Jersey Mike announced on Thursday that Charlie Morrison, a franchise veteran, known to scale the restaurant brands, would become its CEO from April 28. The founder succeeds the founder Peter Cancro, who built Jersey Mike from a single sub-shop from Jersey noise in 2,800-units powerhouse. The chairman of the Cancro Board and the minority shareholder will remain. This step is an important moment for Jersey Mike as it prepares to increase growth in both domestic and international markets.

    Related: Consideration of franchise ownership? Start now to find your personal list of franchises that match your lifestyle, interests and budget.

    Cancro said in a statement, “In Charlie, we have found the ideal next CEO for Jersey Mike, and I look forward to further our business.” “The important thing is that it also shares our values ​​and commitment to give us the communities that serve us.

    Morrison restaurant brings more than 30 years of experience in the franchise industry, especially as CEO of Wingstop from 2012 to 2022. Under his leadership, the Wingstop expanded to more than 2,300 places in more than 10 countries, and its average unit volume doubled. He also led the company’s successful IPO in 2015. Morrison recently served as CEO in Texas Salad and go,

    Related: How a police officer started a pet care business in a year

    Their arrival comes in a high-development moment for Jersey Mike. Company ranked #2 entrepreneurThe 2025 franchise is stable from 500, 2024. Last November, private equity firm Blackstone acquired the brand for $ 8 billion with the aim of supporting global expansion and digital infrastructure. Jersey Mike also announced its first international expansion in 2024, placing more than 300 restaurants in Canada.

    With the plan to create rapid expansion and technology-driven initiatives of Morrison Jersey Mike, the reins will take reins at the time of strong speed. He emphasized his stimulation about continuing innovation while cooperating with franchise owners and continuing innovation while being perfect for quality, service and community brand values.

    Related: I learned about leadership as NCAA Division 1 Soccer Referee

    “I could not be more excited to work with this incredible team and owners that bring it to life every day,” Morrison said. “Together, we will focus on accelerating development in new and existing markets and identifying opportunities to invest in additional technological progress and innovation.”

    Jersey Mike is ready to extend and further impress its footprint, with the chairman and day-to-day steps as the chairman and a day-to-day as Morrison-without losing the vision of the values ​​that define the brand for nearly 50 years.

    Connected: 23 Questions to ask a franchise when you meet face to face

    Jersey Mike appointment new CEO after $ 8 billion acquisition

    acquisition appointment billion CEO Jersey Mike
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