Potbelly to get new CEO

potbelly combo

Aylwin Lewis is stepping down as CEO of Potbelly Sandwich Shop after leading the fast-casual chain for nine years, parent company Potbelly Corp. said yesterday.

No reason was given for Lewis’ planned departure, but Potbelly said in a securities filing that the exit “is not related to any disagreement with Potbelly or with Potbelly’s operations, policies or practices.”

Lewis, age 62, will officially leave the job, along with his role as chairman of the board, on Aug. 8, the filing said. It noted that a search for a successor is already underway.

He first drew notice as an executive of Yum Brands, moving from COO of the franchisor’s Pizza Hut business to COO of the whole company in 2000. Yum also franchises Taco Bell and KFC.

Lewis left the industry to become CEO of Kmart in 2004. He engineered a merger of the discount chain with Sears and became CEO of the surviving company, Sears Holdings.

He joined Potbelly as CEO in 2008 and sold the operation to the public.

The Walt Disney Co., for which Lewis serves as a director, gives his age as 62.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

For Starbucks, 2 years of change hasn't yielded promised results

The Bottom Line: The coffee shop giant’s sales struggles worsened earlier this year, despite a flurry of efforts to improve operations and employee satisfaction.

Food

Nando's Americanizes its menu a bit as U.S. expansion continues

Behind the Menu: Favorites like mac and cheese, bowls and salads join the fast casual’s Afro-Portuguese-rooted dishes, including the signature peri-peri chicken.

Financing

The consumer is cutting back, but not everywhere

The Bottom Line: Early earnings from major restaurant chains suggest the consumer has taken a distinct turn for the worse so far in 2024.

Trending

More from our partners