The board of directors of Demoulas Super Markets on Monday appointed Felicia Thornton and James “Jim” Gooch, as Market Basket’s chief operating officer and chief administrative officer, respectively. They will serve as co-CEOs, and succeed longtime president Arthur T. Demoulas, who was not re-elected to his role and will not retain any management responsibilities for the family-run company. Arthur T. Demoulas remains a shareholder of the company. “The Board believes ...

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