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Subway Founder's Younger Sister Takes on More Duties


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Fred DeLuca in an undated photo.

Founder Fred DeLuca remains at the helm of Subway, but his younger sister, Senior Vice President Suzanne Greco, is taking on more leadership duties, a company spokesman said in a statement that countered a New York Post report yesterday.

“Fred has and continues to lead the company as he further empowers his team to better position the company for growth,” the statement said. “As a family business, he has now shared some of that responsibility with senior VP Suzanne Greco.”

DeLuca returned to Subway several months ago, after undergoing treatment for cancer for nearly a year. Subway has more than 43,000 units worldwide, but has lost market share as younger chains like Jimmy John’s, Firehouse Subs ad Jersey Mike’s have grown in the U.S.

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Laura MichaelsLaura Michaels is editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Beth EwenBeth Ewen is senior editor of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is restaurants editor at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
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