A sandwich from Jersey Mike's Subs.
Mandatory Credit:	Tanya Breen/Asbury Park Press/USA Today Network/Imagn Images via CNN Newsource

A sandwich from Jersey Mike's Subs.
Mandatory Credit: Tanya Breen/Asbury Park Press/USA Today Network/Imagn Images via CNN Newsource

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For the first time in about 50 years, Jersey Mike’s has a new CEO

Peter Cancro, the founder and CEO of Jersey Mike’s Subs, is stepping back from the leadership position following an $8 billion sale that made him a multibillionaire.