Ousted Demoulas CEO urges rehiring of fired Market Basket employees

Former Demoulas Super Markets Inc. CEO Arthur T. Demoulas

Tewksbury, Mass. – The saga over the dismissal of former Demoulas Super Markets Inc. CEO Arthur T. Demoulas continues, with Demoulas making public commentary for the first time. In an official statement, Demoulas urged the rehiring of eight management-level employees at the Market Basket grocery chain fired for inventory problems that arose after a July 18 rally demanding his return.

“The success of Market Basket is the result of two things: a business model that works and the execution of it by a dedicated and impassioned team of associates,” said Demoulas’ statement. “Their fierce loyalty to the company and its customers has always been deeply valued. In the final analysis, this is not about me. It is about the people who have proven their dedication over many years and should not have lost their jobs because of it. I urge that they be reinstated in the best interest of the company and our customers.”

Market Basket has continued to report shortages of perishable goods since July 18, and numerous employee demonstrations have occurred outside stores. Parent company Demoulas has been using replacements for warehouse employees and drivers who have walked off their jobs and said they will not return until Demoulas is rehired. Arthur T. Demoulas had been waging a public battle with his cousin Arthur S. Demoulas, a stakeholder and director of the company, about finances when he was fired in June. He remains a company shareholder.


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