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Subway’s CMO reportedly steps down

Subway CMO Tony Pace has resigned from the sandwich chain to start his own consulting firm, the Wall Street Journal reported Monday afternoon on its website.

The blog entry quoted Pace as saying his departure had nothing to do with a police investigation involving longtime Subway spokesman Jared Fogle.

The departure of Pace, who headed the chain’s marketing for a decade, is the latest monumental development for the brand. Co-founder and longtime CEO Fred DeLuca recently surrendered day-to-day responsibilities for Subway to his sister, Suzanne Greco, who was promoted to president.

The franchisor acknowledged that the change was necessitated by DeLuca’s ongoing battle against leukemia.

Subway is also contending with a softening of sales, according to the research company Technomic. 

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