Jersey Mike’s CEO Still Slices Deli Meat After Decades of Leadership
Peter Cancro, the billionaire CEO of Jersey Mike’s Subs, remains deeply connected to his company’s roots by stepping behind the counter to slice deli meat whenever he visits one of the chain’s locations.
Despite leading a franchise worth an estimated $8 billion, Cancro often joins his employees in daily tasks, reflecting the hands-on approach he adopted as a 14-year-old working at the original Mike’s Subs.
A Journey from Teen Employee to Billionaire CEO
Cancro’s journey began in 1975 when, at just 17, he bought Mike’s Subs using a $125,000 loan secured with the help of his high school football coach.
Over nearly five decades, the small shop evolved into Jersey Mike’s Subs, a global franchise with almost 3,000 locations. Throughout his career, Cancro has prioritized building a “family culture,” a value that defines the company’s growth and operations.
Leading by Example
During his visits, Cancro not only slices meat but also interacts with employees to encourage personal and professional growth.
“Every time I’m in a store, I make it a point to help out and greet everyone,” he shared at a recent conference. His leadership philosophy revolves around fostering respect and connection, which he believes are essential for creating loyalty among employees and customers alike.
Experts in workplace culture echo Cancro’s sentiments, emphasizing that approachable and empathetic leadership builds trust and stability in a team. Cancro’s actions exemplify this by showing his employees that they are valued members of a larger purpose.
Cultivating a Legacy of Care
Cancro’s commitment to his team and customers reflects his belief in uplifting everyone involved in the business. He advises owners and employees to “commit to their people” as a foundation for sustainable success.
His leadership style underscores the importance of staying grounded, even at the helm of a multibillion-dollar company, proving that leadership built on respect and hands-on involvement never goes out of style.
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