Subway sandwich chain confirmed yesterday that its president and founder, Fred DeLuca, has leukemia.
"We can confirm that Subway Restaurants President and Co-founder Fred DeLuca has been diagnosed with leukemia and is currently being treated," a company spokesman said.
"Fred is doing well and focused on his health right now. The senior management team for the brand continues to manage the day-to-day operations of the company and no significant changes are being made at this time."
However, a source said the situation is "very serious" and has raised questions about the future of the sandwich chain, which has no clear succession plan.
FRED DELUCA
Currently being treated
The Post previously reported that Subway has been eliminating development agents to boost profits and streamline its structure — a sign that DeLuca may be dressing up the company for a sale.
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