The board of directors of Tewksbury, Mass.-based Demoulas Supermarkets, which operates more than 70 stores in New England under the Market Basket banner, has fired CEO Arthur T. Demoulas, along with Operations Director Bill Marsden and VP of Grocery Sales and Merchandising Joseph Rockwell, according to a report in the Lowell, Mass., Sun.
The firings are the latest development in an ongoing feud between Arthur T. Demoulas and his cousin, Arthur S. Demoulas, which has spawned several lawsuits, including one filed by Arthur T. against Arthur S. and the grocery chain itself.
By Bridget Goldschmidt, EnsembleIQ
About Bridget GoldschmidtEnsembleIQIn addition to serving as Progressive Grocer’s Managing Editor, Bridget writes many print and digital features encompassing a range of grocery and fresh categories across the store. Bridget also enjoys on-site reporting assignments at such key industry events as the New York Fancy Food Show and the International Boston Seafood Show, in addition to visiting stores for PG’s prestigious Store of the Month feature. In her years with the magazine, she has developed into a knowledgeable voice on grocery industry trends, sought by such distinguished publications as The New York Times. Follow her at www.twitter.com/BGoldschmidtPG.