Subway CEO's sister named president of sandwich chain
NEW YORK — Ms Suzanne Greco will take over as president of Subway as her brother, the co-founder of the sandwich chain, is treated for leukaemia.
Workers make sandwiches at a Subway sandwich franchise in Seattle in this March 3, 2015 photo. Photo: AP
NEW YORK — Ms Suzanne Greco will take over as president of Subway as her brother, the co-founder of the sandwich chain, is treated for leukaemia.
Ms Greco will oversee day-to-day operations and report to her brother, Mr Fred DeLuca, who will remain CEO.
Ms Greco, 57, sits on Subway's board and has been involved with the company since it opened its first store in 1965.
The Milford, Connecticut, company is privately held and doesn't disclose its financial results. Last year, industry tracker Technomic said average sales for Subway stores in the US declined 3 per cent from the previous year.
Subway announced in 2013 that Mr DeLuca was diagnosed with leukaemia. The company said at the time that its senior management team was managing day-to-day operations, but that Mr DeLuca was communicating regularly with them from Florida. AP
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