Market Basket fires President and CEO Arthur T. Demoulas
By
Ryan G. Beckman
Market Basket fires President and CEO Arthur T. Demoulas
By
Ryan G. Beckman
The Market Basket board has voted unanimously to fire Arthur T. Demoulas, president and CEO of the retailer. The news comes more than three months after Demoulas and other employees were placed on paid administrative leave; in the interim the company fired two executives — Joseph Schmidt, director of operations, and Thomas Gordon, grocery director — for insubordination.
Russo Farms has over a century of experience as a reliable grower, buyer and shipper of fresh produce. The company also manages its own fleet of trucks for delivery and maintains direct grower relationships throughout New Jersey to ensure quality and efficiency.