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    Subway CMO Tony Pace To Exit Company

    By SHOOTUpdated:No Comments2142 Views
    In this July 31, 2011 file photo provided by Sunway, chief marketing officer Tony Pace speaks with Subway staff at the San Francisco Marathon 5K in San Francisco. (Ryan Anson/AP Images for Subway, File)

    Exec plans to launch a marketing consultancy

    By Candice Choi, Food Industry Writer

    NEW YORK (AP) --

    Subway's chief marketing officer Tony Pace is leaving the company to start a marketing consultancy.

    The news comes nearly two weeks after the home of the chain's long-time pitchman Jared Fogle was raided by federal and state authorities. Pace said in a phone interview Monday his departure is unrelated to that matter and that he had been talking with the company about the move for "awhile." Subway did not immediately provide any other details beyond confirming the move.

    Pace said his departure from Subway is slated to be effective Sept. 30 and that the company is conducting a search for a replacement. He said he will continue as chairman of the Association of National Advertisers. He joined Subway in 2006 and was named its chief marketing officer in 2012.

    On July 7, Fogle's home was raided by federal and state authorities. Later that same day, Subway said it mutually agreed with Fogle to suspend their relationship.

    Pace said he was "integrally involved" in the handling of the Fogle situation.

    The FBI hasn't provided details on why Fogle's home was raided. But Subway has said it believed it was tied to a previous investigation of a former employee of Fogle's foundation. In May, the foundation's former executive director Russell Taylor had been arrested on child pornography charges.

    Pace's departure from Subway comes as the chain's sales have struggled. Last year, the average sales volume for Subway restaurants in the U.S. fell 3 percent from the previous year, according to market researcher Technomic.

    Category:News
    Tags:Jared FogleSubwayTony Pace



    A Closer Look At Proposed Measures Designed To Curb Google’s Search Monopoly

    Thursday, November 21, 2024

    U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled Google maintained an illegal monopoly for the last decade.

    The sweeping set of recommendations filed late Wednesday by the U.S. Department of Justice could radically alter Google's business, including possibly spinning off the Chrome web browser and syndicating its search data to competitors. Even if the courts adopt the blueprint, Google isn't likely to make any significant changes until 2026 at the earliest, because of the legal system's slow-moving wheels.

    Here's what it all means:

    What is the Justice Department's goal?
    Federal prosecutors are cracking down on Google in a case originally filed during near the end of then-President Donald Trump's first term. Officials say the main goal of these proposals is to get Google to stop leveraging its dominant search engine to illegally squelch competition and stifle innovation.

    "The playing field is not level because of Google's conduct, and Google's quality reflects the ill-gotten gains of an advantage illegally acquired," the Justice Department asserted in its recommendations. "The remedy must close this gap and deprive Google of these advantages."

    Not surprisingly, Google sees things much differently. The Justice Department's "wildly overbroad proposal goes miles beyond the Court's decision," Kent Walker, Google's chief legal officer, asserted in a blog post. "It would break a range of Google products — even beyond search — that people love and find helpful in their everyday lives."

    It's still possible that the Justice Department could ease off on its attempts to break up Google, especially if President-elect Donald Trump... Read More

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