NH News
3:06 pm
Tue June 24, 2014

Market Basket CEO Ouster Brings Protest

Market Basket employees from New Hampshire are among those heading to a Massachusetts rally protesting the removal of longtime Market Basket president Arthur T. Demoulas.

Employees paint their faces for the Chelsea, MA protest

Cody White works at a Market Basket in Concord.

White: We probably have like, ten employees going down to the rally right now to go show our support for Artie T., who is the leader of Market Basket. The board members are trying to get him fired, essentially—so we have a lot of support, and there’s even more from all the other stores.

The board of Market Basket voted to fire Demoulas and two other top executives this week. The vote comes after years of friction within both the Demoulas family and the company’s board.

A spokesperson for the board said in a statement that Felicia Thornton and James “Jim” Gooch have become Market Basket’s Chief Operating Officer and Chief Administrative Officer, respectively, and will serve as Co-Chief Executive Officers of the company.  They had recently served as consultants to Market Basket.

The supermarket chain has 29 New Hampshire stores. 

Correction:  An earlier version of this story incorrectly stated who would become CEO of the company.