His father hadn't graduated high school, but his mother had stressed the importance of education while growing up. The company did not immediately say Tuesday if a successor had been named as CEO. DeLuca is survived by his wife, son and sister, according to Subway, which announced his death Tuesday. He was 67. Co-Founder And CEO Of Subway Fred DeLuca Dies At Age 67 9.15.15 2:01 PM EDT By Laura Northrup @lnorthrup rip subway company founders frank deluca pete's super submarines You've successfully subscribed to this newsletter! Funeral Home Services for Fred are being provided by Cody-White Funeral Home. "I knew nothing about making sandwiches, nor the food industry," DeLuca later wrote in a book. It also came just weeks after the 50th anniversary of Subway, which is known for its "Footlong" sandwiches and says it has more than 44,000 locations around the world. DeLuca, whose death comes just weeks after the restaurant chain celebrated its 50th anniversary, opened a sandwich shop at … Fred DeLuca passed away in Milford, Connecticut. Last year, average sales at established U.S. locations fell 3 percent, according to Technomic. The company traces its roots to 1965, when DeLuca opened a sandwich shop at the age of 17 to help pay for college. DeLuca is survived by his wife, son and sister, according to Subway, which announced his death Tuesday. Born on August 2, 1923 in New York, NY, she was the daughter of the late Salvatore and Teresina Regasto Ombres. Subway co-founder Fred DeLuca, who turned a sandwich shop he started as a teenager into the world's largest fast-food chain, died Monday evening. DeLuca's death came weeks after the 50th anniversary of Subway, which has become the world's biggest restaurant chain by locations. After succeeding in his business, DeLuca realized his dream to go to college and graduated from the University of Bridgeport. NEW YORK (AP) - Subway co-founder Fred DeLuca died Monday evening after being diagnosed with leukemia two years ago, the company said Tuesday. This material may not be published, broadcast, rewritten, or redistributed. Quotes displayed in real-time or delayed by at least 15 minutes. At the age of 10, DeLuca moved to Amsterdam, New York, where he and his family became friends with Peter Buck. Legal Statement. Subway co-founder Fred DeLuca died on Monday evening after being diagnosed with leukemia two years ago, the company said Tuesday. DeLuca remained CEO. He was 67. Fred DeLuca at a Subway shop in New York in May. In this May 16, 2014 photo Subway co-founder Fred DeLuca poses for a photo at a Subway restaurant in New York. He was 67-years-old. By 1988, Subway had 2,000 locations. Then earlier this summer, Subway said DeLuca's younger sister, Suzanne Greco, would take over as president and oversee day-to-day operations. Subway founder Fred DeLuca built the largest restaurant franchise chain in the world, grew a personal fortune, then died of leukemia in 2015 at the age of 67. But the leukemia diagnosis that turned his life — … It said DeLuca was in regular contact with his management team, but on a reduced basis as he received treatment. He was 67. In DeLuca's book "Start Small Finish Big: Fifteen Key Lessons to Start — and Run — Your Own Successful Business," DeLuca recalled living in public housing in the Bronx as a child. At the age of 10, DeLuca moved to Amsterdam, New York, where he and his family became friends with Peter Buck. "I knew nothing about making sandwiches, nor the food industry," DeLuca later wrote in a book. After he graduated high school, DeLuca had planned on becoming a doctor. A month-long trial pitting the late Subway founder Fred DeLuca against Delray Beach developer Anthony Pugliese over a failed real estate deal ended late Friday the way it began: mired in disagreement. Fred DeLuca was born in Brooklyn, New York, on October 3, 1947 to Italian American parents Carmela and Salvatore DeLuca. NEW YORK >> Subway co-founder Fred DeLuca, who turned a sandwich shop he started as a teenager into the world’s largest fast-food chain, died Monday evening.He was 67. Legal Statement. The company cut ties with longtime pitchman Jared Fogle this summer after Fogle agreed to plead guilty to allegations he paid for sex acts with minors and received child pornography. It also came just weeks after the 50th anniversary of Subway, which is known for its "Footlong" sandwiches and says it has more than 44,000 locations around the world. NEW YORK CITY — Subway co-founder and CEO Fred DeLuca was staring death in the face less than a year ago. Subway Sandwich Chain Co-Founder Fred DeLuca Dies At 67 : The Two-Way Just weeks after celebrating the 50th anniversary of the franchise, Fred DeLuca has died. "It wasn't intended to support me forever," DeLuca wrote. ICE Limitations. "It wasn't intended to support me forever," DeLuca wrote. He was 67. DeLuca and Buck opened their first store in Bridgeport, Connecticut under the name "Pete's Super Submarines," with the priciest sub selling for 69 cents. Powered and implemented by FactSet Digital Solutions. Subway co-founder Fred DeLuca, who turned a sandwich shop he started as a teenager into the world's largest fast-food chain, died Monday evening. Mutual Fund and ETF data provided by Refinitiv Lipper. He was 67. Co-founder Fred DeLuca's death came weeks after the company celebrated its 50th anniversary. Last year, average sales at established U.S. locations fell 3 percent, according to Technomic. After he graduated high school, DeLuca had planned on becoming a doctor. DeLuca's death came two years after Subway said he had been diagnosed with leukemia and was scaling back on his leadership role at the company. But this year, Forbes magazine pegged DeLuca's net worth at $3.5 billion, making him the 259th-richest individual in the United States. But this year, Forbes magazine pegged DeLuca's net worth at $3.5 billion, making him the 259th-richest individual in the United States. DeLuca’s death came only a few weeks after Subway celebrated its 50th anniversary. NEW YORK – Subway co-founder Fred DeLuca, who turned a sandwich shop he started as a teenager into the world's largest fast-food chain, died Monday evening. He was 67. Fred DeLuca was born in Brooklyn, New York, on October 3, 1947 to Italian American parents Carmela and Salvatore DeLuca. First published on September 15, 2015 / 1:47 PM. By 1990, it reached the 5,000-store mark. And by 1994, it had more than 8,000 locations. Carmela was one of the proud founders of the Subway Restaurant chain. Fred DeLuca, shown in 2014, opened his first sandwich shop at the age of 17 to help pay for college. Copyright © 2020 CBS Interactive Inc. All rights reserved. Once in his teens, he moved with his family to Bridgeport, Connecticut. Fred DeLuca’s Net Worth Was $3.5 Billion. The idea came from a family friend, Peter Buck, who was co-founder and provided the $1,000 to start the business. NEW YORK - Subway co-founder Fred DeLuca, who turned a sandwich shop he started as a teenager into the world's largest fast-food chain, died Monday evening. Subway co-founder and Chief Executive Fred DeLuca, who built the sandwich chain into the world’s biggest restaurant company by number of outlets, died Monday evening at the age of 67. In addition, some feel Subway has overextended itself with its more than 27,000 U.S. locations. 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