Subway Founder's Younger Sister Takes on More Duties
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.