Charlie Morrison Appointed CEO of Jersey Mike's

Distinguished Industry Veteran with a Sustained Track Record of Driving Growth at Wingstop and Other Global Restaurant Brands to Lead Company's Next Chapter

Following Successful 50-Year Career Building Jersey Mike's, Peter Cancro to Remain Chairman of the Company's Board of Directors and a Significant Minority Shareholder

MANASQUAN, N.J., April 24, 2025 /PRNewswire/ -- Jersey Mike's Subs ("Jersey Mike's" or the "Company"), a leading franchisor of fast-casual sandwich shops known for its fresh sliced and fresh grilled subs, today announced the appointment of Charlie Morrison, an industry veteran who has driven long-term growth and international expansion at several of the world's most recognizable restaurant brands, as Chief Executive Officer, effective April 28th, 2025.

As CEO of Jersey Mike's, Morrison will build on the Company's strong momentum and continue to accelerate its expansion in the U.S. and international markets, as well as its ongoing investment in technology and digital transformation. Having served in a range of senior leadership positions across high-profile franchised brands, Morrison brings more than three decades of industry experience to lead Jersey Mike's continued growth. From 2012 to 2022, he served as Chairman and CEO of Wingstop, one of the largest fast-casual chicken wing franchise brands globally, where he was responsible for leading the strategic direction of the company and its global operations. At Wingstop, Morrison grew the business from fewer than 500 stores to over 2,000 locations in more than 10 countries, while more than doubling average unit volumes and leading the company through one of the most successful initial public offerings in the history of the restaurant industry. Most recently, he served as a board member and then as CEO of Salad and Go, helping drive a nearly seven-fold increase in the company's store count. He previously held leadership roles at several other well-known restaurant brands, including Pizza Inn, where he served as President and CEO; Pizza Hut; Steak and Ale; and Boston Market.

Morrison succeeds Peter Cancro, who is stepping down from the CEO role 50 years after acquiring the Company's first location in 1975. Cancro will remain Chairman of the Jersey Mike's Board of Directors and a significant minority shareholder, and Nigel Travis has been named as Lead Director. Morrison will also serve on the Board of Directors for the Company.

Cancro said: "In Charlie, we have found the ideal next CEO for Jersey Mike's, and I look forward to him propelling our business even further. Having led Wingstop through a monumental period of growth and a successful IPO, he knows what it takes to lead a first-of-its-kind, category-defining brand, and I am confident he will bring that same energy and vision to Jersey Mike's. Importantly, he also shares our values and commitment to giving to the communities we serve. I am excited to work alongside Charlie and the rest of the team as we keep doing what we do best – making a sub above."

Morrison said: "Jersey Mike's is a unique brand with a rich history, loyal customer base and authentic culture which Peter and his talented team have cultivated over the past five decades. I have spent my career building and innovating at leading franchised brands, and what Peter has created at Jersey Mike's is nothing short of extraordinary. I am honored to be entrusted with continuing this legacy and I could not be more excited to get to work with this incredible team and the owners who bring it to life every day. Together, we'll focus on continuing to accelerate growth across new and existing markets and identifying opportunities to invest in additional technological advancements and innovation, while remaining true to the exceptional quality, service and community values that make Jersey Mike's so beloved nationwide."

Travis, Lead Director of Jersey Mike's Board of Directors and former Chairman and CEO of Dunkin' Brands, said: "I want to thank Peter for his tremendous leadership—his passion has shaped every store, inspired every owner and earned the loyalty of millions of customers nationwide. We look forward to continuing to benefit from his experience as Chairman of the Board and are thrilled to welcome Charlie as CEO. Charlie is a titan in the franchised restaurant space, with a proven value creation playbook for driving growth at leading brands – both through restaurants and digital channels."

In 2024, Jersey Mike's announced it was partnering with Blackstone to accelerate the Company's global expansion and support its continued investment in technology and digital transformation.

Global Head of Private Equity Strategies at Blackstone, Joe Baratta, said: "With a wealth of experience in scaling leading franchise brands, Charlie is the ideal leader to build on Peter's extraordinary foundation and take Jersey Mike's into its next era of growth. We are excited to partner with Charlie and the entire Jersey Mike's team to help propel expansion into new markets, unlock new opportunities for technology-driven transformation and further elevate the experiences of customers and franchisee owners alike."

About Jersey Mike's

Founded in 1956 as Mike's Subs with one location in Point Pleasant, New Jersey, Jersey Mike's has grown into a premier franchisor with more than 3,000 locations in the U.S. and Canada. The Company has been recognized as one of the fastest-growing fast-casual restaurant chains in America, ranking #2 on Entrepreneur's 2024 Franchise 500 and #10 on Yelp's 2024 List of Fastest Growing Brands. Giving back is also core to Jersey Mike's mission, and the Company was recognized on Forbes' inaugural Best Brands for Social Impact List in 2023. In March 2025, the Company completed its 15^th Annual Month of Giving, raising a record breaking $30 million and surpassing more than $143 million given to over 200 local charities since it began the tradition in 2011, reinforcing its commitment to being a beloved brand in communities across the country. Jersey Mike's has also been ranked as the #1 Best Sandwich Chain in America in 2024 by Eat This, Not That! For more information, please visit jerseymikes.com.

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SOURCE Jersey Mike's Subs