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Market Basket CEO Placed on Leave Amid New Allegations

  • On May 28, 2025, Market Basket's board of directors placed CEO Arthur T. Demoulas on paid administrative leave at the company's New England headquarters.
  • This action followed about a year of disputes with the board, which cited credible allegations that Demoulas planned to disrupt company operations.
  • Demoulas, who had led protests and regained control in 2014 after a family feud, and several other employees were placed on leave pending an investigation.
  • A board memo announced that an investigation will take place to examine credible claims against the CEO, while emphasizing that employee positions and benefits will remain unchanged.
  • The board emphasized this step aims to protect Market Basket's local community role and culture, while Demoulas's spokesperson called the probe a "farcical cover for a hostile takeover.
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Market Basket CEO is put on leave in new spat at family-controlled supermarket chain

The board alleges that CEO Arthur T. Demoulas has been planning a work stoppage at the Massachusetts-based retailer. It also says he has "resisted an appropriate succession plan for Market Basket."

·Washington, United States
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  • 65% of the sources are Center
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WBUR broke the news in Boston, United States on Wednesday, May 28, 2025.
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