Leadership Change at Jersey Mike’s: Charlie Morrison Named CEO
the staff of the Ridgewood blog
Jersey Mike’s Subs, the fast-growing sub sandwich chain with over 3,000 locations, has officially named Charlie Morrison as its new Chief Executive Officer, effective April 28. Morrison, a seasoned leader in the restaurant and franchising space, takes the reins from founder Peter Cancro, who will now serve as Chairman of the Board.
Who is Charlie Morrison?
Charlie Morrison is no stranger to scaling restaurant brands. He previously served as Chairman and CEO of Wingstop, where he led the company through a massive expansion from under 500 locations to over 2,000 across 10 countries, along with a successful IPO. He also held executive positions at:
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Salad and Go (CEO & Board Member)
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Pizza Inn
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Pizza Hut
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Steak and Ale
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Boston Market
His leadership is credited with dramatic store count growth and global brand recognition—making him a strategic choice for Jersey Mike’s continued expansion.
“Jersey Mike’s is a unique brand with a rich history, loyal customer base and authentic culture,” said Morrison. “I’m honored to carry on its legacy while accelerating growth through innovation and expansion.”
A New Chapter for Jersey Mike’s Subs
Morrison succeeds Peter Cancro, who famously bought the original Jersey Mike’s location in 1975 at just 17 years old. Under Cancro’s leadership, the brand expanded from a single shop in Point Pleasant, New Jersey, to an international presence with:
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3,000+ locations in the U.S. and Canada
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$3.3 billion in global sales in 2023
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322 new locations added in 2024, its biggest growth year to date
Cancro remains involved with the company, retaining an equity stake and serving as Board Chairman. His estimated net worth now exceeds $7.5 billion.
Private Equity Backing and Strategic Vision
In November, Blackstone, a leading private equity firm, acquired Jersey Mike’s for a reported $8 billion. The firm plans a bold expansion strategy that includes:
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Scaling rapidly across untapped domestic markets
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Exploring international opportunities
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Investing in digital infrastructure and technological innovation
“Charlie is a titan in the franchised restaurant space,” said Nigel Travis, new Lead Director and former Dunkin’ Brands CEO. “His track record makes him the ideal leader for Jersey Mike’s next chapter.”
What’s Next for Jersey Mike’s?
With Morrison at the helm and Blackstone’s backing, Jersey Mike’s is well-positioned for:
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Continued global expansion
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Enhanced digital ordering and customer experience
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Franchisee support and new market entries
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Sustaining its culture of quality and authenticity
The brand remains a leader in the fast-casual sandwich category, admired for its fresh ingredients, in-store slicing, and community focus.
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