TribLIVE

| Business


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

Subway co-founder diagnosed with leukemia

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

By The Associated Press

Published: 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. PPG sales, operating profit see double-digit increases
  2. Consol Energy transitions as leadership changes hands
  3. Fed Beige Book survey: Growth picks up across most of U.S. but not in Pittsburgh region
  4. Yellen stresses need for Fed to be flexible
  5. GlaxoSmithKline discloses  bribery inquiries
  6. Mt. Gox bankruptcy protection rejected
  7. Higher fuel costs help established airlines, hinder startups
  8. Factory output extends solid gains in March
  9. Gap outlines growth plans for China
  10. Region’s largest bank PNC posts 7% rise in 1Q profit
  11. Programs help to nudge unemployment among veterans downward
Subscribe today! Click here for our subscription offers.