Jersey Mike's Appoints Michele Allen as Chief Financial Officer

Rhea-AI Summary

Jersey Mike's (WH) appointed Michele Allen as Chief Financial Officer, effective December 1, 2025, to lead global finance, supply chain, and enterprise performance management as the company expands domestically and internationally.

Allen brings >25 years of franchise and hospitality finance experience and joins from Wyndham Hotels (NYSE: WH), where she served as CFO and head of strategy. Walter Tombs, the outgoing finance leader of 26 years, will retire in January 2026 and serve as an advisor during a planned transition.

The hire follows other recent senior additions—Stacy Peterson (President & COO), Betsy Mercado (Chief People Officer), and Andy Skehan (President of International)—positioning the company to accelerate its franchise-first global growth.

Positive

• Experienced finance leader hired effective Dec 1, 2025
• New CFO has 25+ years in franchising and hospitality
• Outgoing CFO to support transition through Jan 2026
• Strengthens finance oversight for global expansion and supply chain

Negative

• Departure of a 26-year finance leader effective Jan 2026

News Market Reaction

+0.16%

1 alert

+0.16% News Effect

On the day this news was published, WH gained 0.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Allen experience: more than 25 years Allen start date: December 1, 2025 Predecessor tenure: 26 years +1 more

4 metrics

Allen experience more than 25 years Financial leadership in hospitality and franchising

Allen start date December 1, 2025 Effective date as Jersey Mike’s Chief Financial Officer

Predecessor tenure 26 years Walter Tombs’ service at Jersey Mike’s before retirement in January 2026

Retirement timing January 2026 Planned retirement date of outgoing Jersey Mike’s finance leader

Market Reality Check

Price: $72.79 Vol: Volume 943,924 is 0.86x t...

normal vol

$72.79 Last Close

Volume Volume 943,924 is 0.86x the 20-day average of 1,099,749, indicating lighter-than-normal trading. normal

Technical Shares at $75.69 are trading below the 200-day MA of $83.7 and about 33.06% under the 52-week high of $113.07.

Peers on Argus

Before this news, WH was up 1.59%, while key lodging peers like CHH, ATAT, H, an...

Before this news, WH was up 1.59%, while key lodging peers like CHH, ATAT, H, and IHG also showed gains between 1.07% and 3.33%, with HTHT down 1.05%. Moves were mixed enough that this setup does not screen as a unified sector momentum event.

Historical Context

5 past events · Latest: Mon 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mon 08	Hotel opening	Positive	-0.9%	Launch of 26-acre Wyndham Grand Udaipur resort with 140 rooms and amenities.
Tue 02	Management change	Positive	+0.2%	Jersey Mike’s appoints Michele Allen, former WH CFO and strategist, as CFO.
Tue 25	Brand expansion	Positive	+3.2%	First Baymont by Wyndham in Asia Pacific with 92 rooms in Kunming, China.
Mon 17	Board appointment	Positive	-2.9%	Appointment of Alexandra A. Jung, expanding board to nine largely independent members.
Thu 13	Dividend declaration	Positive	-0.4%	Quarterly cash dividend of $0.41 per share with December 30, 2025 payment date.

Pattern Detected

Recent news events skew positive in tone, but price reactions have been mixed, with more divergences than alignments, especially around expansion and governance announcements.

Recent Company History

Over the last month, Wyndham has highlighted a series of growth and capital-return developments. It opened the Wyndham Grand Udaipur Fatehsagar Lake resort with 140 rooms and a planned 60-room Palace Wing, and expanded the Baymont brand into Asia Pacific with a 92-room hotel in Kunming on Nov. 25, 2025. Governance and capital actions included appointing Alexandra A. Jung to the board, expanding it to 9 directors, and declaring a quarterly dividend of $0.41 per share. The Jersey Mike’s CFO news sits within this broader backdrop of strategic expansion and board refresh.

Market Pulse Summary

This announcement highlights a notable management transition for Wyndham’s former CFO, Michele Allen...

Analysis

This announcement highlights a notable management transition for Wyndham’s former CFO, Michele Allen, who brings more than 25 years of franchise and hospitality finance experience to Jersey Mike’s, effective December 1, 2025. For WH, it follows a period of strategic expansion, board refreshment, and a declared dividend of $0.41 per share. Investors may watch how leadership continuity, insider activity, and subsequent governance disclosures evolve alongside ongoing international growth initiatives and capital-return policies.

Key Terms

franchisor, unit economics, franchise model

3 terms

franchisor financial

"a leading franchisor of fast-casual sandwich shops known for its fresh sliced"

A franchisor is a company that licenses its brand, business model and operating systems to independent operators (franchisees) in exchange for upfront fees and ongoing royalties. Investors watch franchisors because this model can drive fast growth with relatively low capital outlay, produce predictable recurring income, and concentrate risk in brand reputation, franchisee performance and regulatory compliance—think of the franchisor as a landlord collecting rent while others run the stores.

unit economics financial

"Jersey Mike's combines strong unit economics, a powerful franchise model,"

Unit economics analyzes the profitability of a single product or service by comparing the revenue it generates to the costs involved in producing and delivering it. It helps determine whether each sale contributes to overall profit, much like assessing if selling one item covers its production costs and leaves money left over. Investors use this to judge if a business model is sustainable and capable of growth.

franchise model financial

"combines strong unit economics, a powerful franchise model, and a culture"

A franchise model is a business arrangement where a company (the franchisor) lets independent operators (franchisees) use its brand, products, and operating system in exchange for fees and royalty payments. Think of it like a recipe and storefront design that others pay to copy; it lets the parent company grow faster with less capital but gives up some direct control. Investors watch this model because it influences revenue stability, profit margins, capital needs, growth speed and legal or reputational risk tied to independent operators.

AI-generated analysis. Not financial advice.

Seasoned public company finance leader to support and strengthen Jersey Mike's next phase of global expansion

MANASQUAN, N.J., Dec. 2, 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 Michele Allen as Chief Financial Officer, effective December 1, 2025. Allen brings more than 25 years of financial leadership at the intersection of hospitality and franchising, positioning her to guide Jersey Mike's performance as the Company accelerates its expansion worldwide.

As Chief Financial Officer, Allen will oversee the Company's global finance organization, supply chain, and enterprise performance management as Jersey Mike's scales its footprint across the U.S. and into key international markets. Drawing on her extensive background, Allen will play a central role in supporting the Company's ambitious growth plans while maintaining the data-driven financial discipline that has underpinned its success.  Allen steps into a key role previously held by Walter Tombs, who is retiring from Jersey Mike's in January 2026 after 26 years with the Company. Tombs will continue to support Jersey Mike's in the transition over the next year as an advisor.

"First and foremost, we thank Walt for his exceptional leadership in his 26 years of service to Jersey Mike's.  His impact over that time is immeasurable, and his leadership through the acquisition by Blackstone positioned the Company for long-term success," said Charlie Morrison, Chief Executive Officer of Jersey Mike's.  "As we look ahead, Michele will be an excellent addition to our leadership team, bringing valuable experience to help guide the Company through its next phase of evolution as we continue to scale.  Her deep expertise in franchise-first business models, combined with her track record of building high-performing finance teams and leading through transformation at one of the largest publicly traded hospitality companies, makes her exceptionally well-suited to support our continued growth. Michele understands what it takes to grow a franchise organization while preserving the culture and operational excellence that define great brands, and we're thrilled to have her on board for Jersey Mike's next chapter."

Allen joins Jersey Mike's with extensive experience leading finance, enterprise-wide strategy, financial partnerships, and strategic sourcing. Most recently, she served as Chief Financial Officer and Head of Strategy at Wyndham Hotels & Resorts (NYSE: WH), one of the world's largest franchising companies. During her tenure, Allen helped guide the Company through complex transactions, strategic transformation, macro disruptions, and the demands of the public markets with consistency and clarity.  She began her career with Deloitte as an auditor, earning her CPA.

"Jersey Mike's combines strong unit economics, a powerful franchise model, and a culture grounded in service and integrity," said Allen. "I've dedicated my career to helping franchisees maximize their earnings potential, building finance organizations that strengthen decision quality, and driving long-term value through disciplined execution. The opportunity to contribute those strengths to a brand with this level of momentum and potential is extraordinary, and I look forward to partnering with Charlie, the leadership team, and our franchisees to build on the Company's success and help shape its next chapter of growth."

Allen's appointment follows several recent leadership additions as Jersey Mike's strategically bolsters its executive team for its next phase of growth. In recent months, the Company has welcomed Stacy Peterson as President and Chief Operating Officer to drive U.S. operations, Betsy Mercado as Chief People Officer to strengthen people strategy and culture, and Andy Skehan as President of International to lead global growth initiatives. Together, this world-class leadership team positions Jersey Mike's to accelerate its franchise-first growth, enhance its guest experience, and build on its strong momentum as it expands worldwide.

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 3,100 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 2025 Franchise 500 and #6 on Yelp's 2025 List of Fastest Growing Brands.

Giving back is also core to Jersey Mike's mission, and the Company was recognized on Forbes' Best Brands for Social Impact List in 2025. In March 2025, the Company completed its 15th 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 2025 by Eat This, Not That! For more information, please visit jerseymikes.com and follow us on Facebook, Instagram, TikTok and X.

Media Contact:
Judy Lee, ICR, Inc.
JerseyMikes@icrinc.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/jersey-mikes-appoints-michele-allen-as-chief-financial-officer-302630480.html

SOURCE Jersey Mike's Subs

FAQ

Who is the new CFO of Jersey Mike's (WH) and when did she start?

Michele Allen was appointed Chief Financial Officer, effective December 1, 2025.

What role will Walter Tombs have after the Jersey Mike's (WH) leadership change?

Walter Tombs will retire in January 2026 and continue as an advisor during the transition.

What responsibilities will Michele Allen oversee at Jersey Mike's (WH)?

She will lead the company's global finance organization, supply chain, and enterprise performance management.

What relevant experience does Michele Allen bring to Jersey Mike's (WH)?

Allen has over 25 years of finance leadership in hospitality and franchising and served as CFO and head of strategy at Wyndham Hotels (NYSE: WH).

How does the Jersey Mike's (WH) management team change support growth?

The appointment complements recent hires in operations, people, and international leadership to accelerate franchise-first global expansion.

Will Jersey Mike's (WH) CFO transition include overlap for continuity?

Yes; the outgoing finance leader will support Jersey Mike's as an advisor over the next year to aid the transition.