The basics:
- Michele Allen joins Jersey Mike’s as CFO, succeeding the chain’s longtime finance chief
- Allen brings 25+ years of financial leadership, most recently at Wyndham Hotels & Resorts
- Appointment continues a series of executive additions following Blackstone‘s 2024 acquisition
- Allen will oversee global finance, supply chain and performance management during the chain’s expansion
Jersey Mike’s Subs continues to build its executive team with the company’s most recent appointment of Michele Allen as chief financial officer, effective Dec. 1.
Allen succeeds longtime CFO Walter Tombs. Tombs will retire from the Manasquan-headquartered fast-casual chain in January 2026 after 26 years with the company, according to a Dec. 2 announcement.
Tombs will serve as an advisor over the next year to ensure a smooth transition.
Allen brings more than 25 years of financial leadership to her new role. She joins Jersey Mike’s from Parsippany-based Wyndham Hotels & Resorts, where she also served as CFO as well as head of strategy.
Before her nearly 20-year career with Wyndham, Allen held financial roles at Cendant Corp. and Deloitte, according to her LinkedIn profile.
At Jersey Mike’s, Allen will oversee the company’s global finance organization, supply chain and enterprise performance management as the banner expands its footprint across the U.S. and internationally.
New kids on the block
Allen is one of several key appointments Jersey Mike’s has made since its November 2024 majority-stake acquisition by Blackstone – a deal reportedly valued at $8 billion.
Changes this year include:
Welcome to the team
“First and foremost, we thank Walt for his exceptional leadership in his 26 years of service to Jersey Mike’s,” Morrison said in a statement. “His impact over that time is immeasurable, and his leadership through the acquisition by Blackstone positioned the Company for long-term success.
“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,” Morrison added.
The CEO cited Allen’s deep expertise in franchise-first business models, as well as her track record of building high-performing finance teams and leading through transformation as strengths that will help lead “Jersey Mike’s next chapter.”
In a LinkedIn post announcing her new position, Allen said, “As a New Jersey native, this is a brand I’ve long admired — from quick lunches to boxes of subs after football games. It’s a company built on quality, strong unit economics, a powerful franchise model, and a culture rooted in service and integrity.
“Under Charlie’s leadership and with Blackstone’s commitment to building long-term value, Jersey Mike’s has an exceptional platform for growth. I’m thrilled to help lead the next stage of the company’s evolution.”
