Leadership change

News of a change in the board of directors or a chief officer of a firm

After Months Pass Subway Finally Confirms CMO Retirement, Acting CMO Appointed

Subway has finally announced a replacement for its former chief marketing officer, Joe Tripodi. As the sandwich shop franchisor continues to search for a permanent CMO, it says its acting CMO is Roger Mader for the interim.

Tripodi had been hired for troubled times, after the death of Subway co-founder Fred DeLuca and the fiasco of convicted child molester Jared Fogle, who was Subway’s former brand spokesperson. Until now, there had been no previous announcement of Tripodi’s departure until yesterday’s news by Marketing Week.

Yum Brands Appoints Brian Cornell as Non-Executive Chairman

Yum Brands, Inc. [NYSE:YUM) announced on Monday that its board of directors has appointed Brian C. Cornell to replace Robert D. Walter, 72, as its non-executive chairman. Cornell is the chairman and chief executive officer of Target Corporation [NYSE:TGT].

TGI Fridays Hires Ruby Tuesday’s Chief Ray Blanchette as Its CEO

Casual dining franchisor TGI Fridays announced on Tuesday that it has hired Ruby Tuesday’s CEO, Ray Blanchette, as its CEO. Former CEO Aslam Khan, who joined the firm as CEO in April of 2017, was promoted to vice chairman of the board — on Tuesday.

Shareholders Vote to Add Two Directors to Restaurant Brands International Board

Restaurant Brands International Inc. [NYSE:QSR], the holding company to franchisors Burger King, Tim Hortons and Popeyes Louisiana Kitchen, reported election results for its board of directors by its shareholders at its annual shareholders meeting held on June 7.