TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Subway co-founder diagnosed with leukemia

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Thursday, July 18, 2013, 12:01 a.m.
 

Subway said its co-founder and president, Fred DeLuca, has been diagnosed with leukemia.

The privately held sandwich chain said in a statement that the 65-year-old DeLuca is being treated and “doing well.” It said its senior management team is managing the day-to-day operations and that DeLuca continues to hold his title.

“Fred is communicating with his management team regularly, although in a reduced capacity while he focuses on his health,” the company said.

It said the management is overseeing operations much in the same way it has for the past 22 years while DeLuca has lived in Florida. DeLuca is communicating regularly with the company, but on a reduced basis, the company said.

Subway has more than 39,000 locations worldwide. It is based in Milford, Conn.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Calgon Carbon poised for explosive growth
  2. CMU spinoff’s CEO gets council honors
  3. Russian steel to lose duty shelter
  4. Chevron puts $20M into educating, training Appalachian workers
  5. Market sell-off offers opening
  6. Rural communities can’t shake effects of subprime crisis
  7. Amid struggles, top fiscal executive to leave EDMC
  8. Natrona Bottling Co. keeps soda pop operation focused on craft, taste
  9. Allegheny Technologies reports $700,000 loss in 3Q
  10. High pollution levels found near Ohio gas wells
  11. Open enrollment puts varied impact of health care law back in focus
Subscribe today! Click here for our subscription offers.