News

Quiznos CEO steps down; CFO fills interim position

June 3, 2016

Quiznos President and CEO Doug Pendergast has resigned after a little more than a year in the top spot to "spend more time with his family in Atlanta,"  according to a news release.  Current Quiznos Chief Financial Officer Katie Scherping will serve as interim president and CEO.

"We believe Quiznos is a stronger company as a result of Doug's work," said Quiznos Chairman Doug Benham. "Under his leadership, we've accomplished several major brand initiatives to help advance our business. We thank Doug for his dedication to the Quiznos brand and have full confidence in Katie and the management team to continue the brand on a successful path forward."

With more than 30 years of finance, accounting and managerial experience, Scherping joined Quiznos in December 2013, as chief financial officer. She spearheaded the brand's financial restructuring in 2014, and helped overhaul Quiznos food cost and supply chain model in order to improve restaurant-level economics, according to the company.

Most recently, Scherping led the launch of Quiznos national point-of-sale system to bolster sales and reduce costs. 

Pendergast was credited in a company news release with helping boost customer satisfaction, enhance support for franchise operations and occupancy costs and renew a focus on value pricing. His efforts are credited with helping cut store closures and set the stage for a return to growth.

"This was a difficult decision, as I was torn by the desire to see the results of the changes we've made during my tenure with Quiznos," said Pendergast. "Ultimately, I need to put my family first. I sincerely thank the entire Quiznos system for all that we have accomplished as a team."