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Breaking: Demoulas president ousted by board

Arthur T. Demoulas, the popular president of Demoulas Super Markets, was fired Monday by the company's board of directors, along with two senior executives, sources told SN.

Jon Springer, Executive Editor

June 23, 2014

1 Min Read

Arthur T. Demoulas, the popular president of Demoulas Super Markets, was fired Monday by the company's board of directors, along with two senior executives, sources told SN.

It was unclear whether a successor had been named.

Joe Rockwell and Bill Marsden, two longtime senior executives, were also fired Monday, sources confirmed.

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Demoulas had been engaged in a lengthy fight with the board, which is controlled by a rival faction of the Demoulas family headed by his cousin Arthur S. Demoulas. Disagreements among the cousins — descendants of company founders — have most recently interefered with the timely openings of Market Basket supermarkets in Revere, Mass. and Attleboro, Mass., but have also involved bonus and profit-sharing programs for its employees and business dealings between Arthur T. Demoulas and companies controlled by his relatives.

About the Author

Jon Springer

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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