Demoulas names co-CEOs

Tewksbury, Mass. – Following the dismissal of former president and CEO Arthur T. Demoulas, the board of directors of Demoulas Super Markets Inc. has elected retail executives Felicia Thornton as COO and Jim Gooch as chief administrative officer, and the two will serve as co-CEOs. Both Thornton and Gooch had recently been serving as consultants to the company.

Thornton’s past experience includes serving as CFO of Albertsons and group VP and member of the executive team at Kroger. Gooch has previously served as president and CEO of RadioShack Corp., and has also held financial positions at Kmart and Sears Holding Corp.

Arthur T. Demoulas, who was not re-elected president and will not retain any management responsibilities moving forward, remains a shareholder of the company.

In addition, the board re-elected Don Mulligan as VP, CFO and treasurer, and Jim Miamis as VP of Market Basket. Joseph Rockwell was not re-elected VP and is no longer with the company. William Marsden, former director of operations, is no longer with the company.

 

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