Market Basket Board Votes to Remove CEO Arthur T. Demoulas
September 11, 2025 | 1 min to read
Arthur T. Demoulas has been ousted as president and CEO of Market Basket following months of escalating corporate tensions and failed mediation attempts. The board voted unanimously to remove him after concerns arose about his alleged plans for a work stoppage and issues surrounding transparency and succession planning. Demoulas had been on paid leave since May as the investigation unfolded, highlighting the ongoing challenges within the family-run business.
Vote followed months of escalating corporate tensions and two failed mediation sessions.
Arthur T. Demoulas is out as Market Basket president and CEO following months of escalating corporate tensions and public mudslinging, the company’s board announced this week.
Board members voted unanimously late on Tuesday to oust the embattled leader, who had been on paid leave since May amid an investigation into allegations that he and his allies were planning a work stoppage.
Specifically, the board suggested Demoulas intended to retaliate after board members demanded both access to key employees and collaboration “regarding the most basic corporate oversight.” They also raised concerns about transparency and succession planning in the family-run business.
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