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Issue Date: February 2012, Posted On: 2/24/2012


Quiznos names Agadi chairman of board
Sandwich chain Quiznos has named Harsha V. Agadi as executive chairman of its board of managers. Agadi has more than 25 years' experience with food service companies, having worked with Domino's Pizza, Pepsi, Kraft, General Foods, Little Caesars Enterprises, Church's Chicken, and most recently, Friendly's Ice Cream Co.

Agadi will be supported by several other new board members, as well as Quiznos current CEO Greg MacDonald who has been with the brand for more than a decade.

"We have confidence in Greg MacDonald and his team as they work to revitalize Quiznos and reinforce the brand's promise as a fresh, high-quality and great-tasting alternative to traditional fast food offerings," Agadi said. "Working together, we believe we have developed a financial plan that will allow the company to move toward achieving its long-term strategic goals. We are excited to be part of the Quiznos team and look forward to working with management, the franchise owners and the employees in the weeks and months ahead. The future of Quiznos is purely dependent on franchise profitability and same store sales and that is our fundamental focus."

The addition of Agadi and appointment of new board members, as well as Quiznos' strengthened financial position will enable the company to focus on its signature best-in-class offerings for its customers in restaurants throughout the world, the company said.

"We are pleased to have attracted someone of Harsha Agadi's caliber to Quiznos," said MacDonald. "Our objective is to reinvigorate and continue the development of the unique, global Quiznos brand. Bringing the knowledge and experience of Mr. Agadi to bear on this company will help us drive the business forward and maintain its position as one of the premier [quick-service restaurant] companies in the world."

Now in its 31st year, Denver-based Quiznos has locations in all 50 states and Puerto Rico, as well as 25 international countries. Quiznos restaurants offer sandwiches, soups and salads. CNN Money ranked toasty sub pioneer Quiznos as the No. 2 most popular franchise of the past decade in 2010. In 2009, Quiznos' Toasty Torpedoes earned a spot as one of the top 10 new product introductions from the Most Memorable New Product Launch Survey. In 2011, QSR Magazine ranked Quiznos No. 21 overall in its Top 50 Chains in system-wide sales. In October 2007, Quiznos was recognized for leading the QSR industry in wait time performance by the Mystery Shopping Providers Association's 2007 Wait Time Study. In May 2007, Zagat's consumer surveys listed Quiznos in the top 5 for Top Food, Top Facilities, Top Service and Top Overall, ahead of its direct competitors.
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