Subway co-founder and longtime CEO Fred DeLuca has surrendered day-to-day control of the industry’s largest chain to his sister, Suzanne Greco, while he battles leukemia.
Greco, who previously held the title of senior vice president, will continue to report to DeLuca, who remains CEO.
Earlier this year, Greco began sharing management duties for the 44,000-unit chain with her brother, who was diagnosed with leukemia in 2013. Subway has been refining their roles while DeLuca focuses on his cancer treatments.
“Fred is still very active in the company and also continues to focus on his health,” company spokesman Kevin Kane told Bloomberg. “Fred continues to lead and set overall strategic direction for the company as CEO.”
Greco has been involved with Subway since 1973, starting as a sandwich maker.
“Suzanne has accomplished a great deal with Subway, and I know there are many more terrific things to come,” DeLuca said in a statement. “I have always been impressed with Suzanne's relentless desire to make continuous improvements to our products and customer experience. … Together with our development agents and franchisees, I'm looking forward to working closely with Suzanne in her new role.”
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