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Market Basket Names Interim CEO to Succeed Arthur T. Demoulas
Donald T. Mulligan, a 40-year Market Basket veteran, was named interim CEO following CEO Arthur T. Demoulas' firing amid claims of planned work stoppage and ensuing employee protests.
- On September 16, 2025, Market Basket’s board appointed Donald T. Mulligan, who has served the company for over four decades as its finance leader, to serve as interim CEO following the dismissal of Arthur T. Demoulas the previous week.
- Demoulas was removed amid a family feud after a failed mediation and earlier suspension in May over allegations he planned a retaliatory work stoppage.
- Mulligan, a Lowell native with 42 years at Market Basket, rose through the ranks and was promoted to CFO in 1999, gaining respect for his business acumen and understanding of the company culture.
- Market Basket’s leadership expressed confidence that Don Mulligan, regarded as a steady and reliable figure within the company, will maintain the organization’s strong culture and provide smooth leadership during his tenure as interim CEO.
- This leadership change suggests the board aims to stabilize Market Basket amid internal disputes while associates and customers look to Mulligan to maintain the familiar shopping experience.
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Market Basket board taps CFO to serve as interim CEO following Artie T’s firing
TEWKSBURY — The Market Basket Board of Directors has named the company’s longtime Chief Financial Officer Donald Mulligan to the role of interim CEO after the board fired longtime CEO Arthur T. Demoulas last week.
·Lowell, United States
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Coverage Details
Total News Sources15
Leaning Left3Leaning Right1Center8Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 25%
C 67%
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