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Market Basket Names New President After Court Upholds Firing of Former CEO Arthur T. Demoulas
Chuck Casassa, a 50-year company veteran, takes over as the chain’s top leader after a court-backed board fight over Arthur T. Demoulas.
- On Thursday, Market Basket's Board of Directors named Chuck Casassa, a 50-year company veteran, as the grocery chain's new president, following a Delaware judge's validation of former CEO Arthur T. Demoulas' firing.
- Last week, Delaware Court of Chancery Judge Travis Laster ruled the board acted in good faith, citing Demoulas' resistance to oversight and concerns he might orchestrate a retaliatory work stoppage.
- Interim CEO Donald T. Mulligan is retiring after 43 years with the company but will remain as an advisor; Casassa began as a bagger in 1976 and spent over three decades managing stores.
- Board Chair Jay K. Hachigian said Casassa's "leadership and dedication over the past 50 years is highly valued," while the board stated it anticipates working productively with Demoulas as a significant shareholder.
- Despite recent family turmoil, Market Basket maintains its internal promotion policy and ranks among the nation's top grocers, operating 90 stores with annual revenues around $8 billion.
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14 Articles
14 Articles
Worker who started as bagger named new president of Market Basket
Market Basket's Board of Directors officially picked the grocery store chain's new president Thursday, more than a week after a judge upheld their decision to fire longtime CEO Arthur T. Demoulas.
·East Providence, United States
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The Sun (Lowell)Reposted by 
Boston Herald
Boston HeraldInterim Market Basket CEO to retire, new president named
TEWKSBURY — Days after a Delaware judge ruled in their favor, the Market Basket Board of Directors announced Thursday that interim CEO Donald Mulligan will retire from the grocery chain after 43 years.
·Lowell, United States
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Coverage Details
Total News Sources14
Leaning Left2Leaning Right1Center9Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 17%
C 75%
Factuality
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