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Market Basket named CFO Donald Mulligan interim CEO after ousting Arthur Demoulas over leadership and transparency issues.
Market Basket has named long-time CFO Donald T. Mulligan as interim CEO after the board ousted Arthur T. Demoulas, citing his autocratic leadership and failure to share financial data or plan for succession.
Mulligan, with 42 years at the company, takes over amid a leadership dispute that followed years of tension, including a 2024 board shift led by Demoulas’ three sisters, who sought greater oversight.
The board called the move necessary for stability, while Demoulas and supporters labeled it a coup.
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Market Basket nombró al CFO Donald Mulligan CEO interino después de expulsar a Arthur Demoulas por cuestiones de liderazgo y transparencia.