Joe Schmidt, the director of operations, and another suspended employee, grocery supervisor Tom Gordon, were fired Tuesday, ...

Board alleges “insubordination” on part of former Director of Operations Joe Schmidt and Grocery Director Tom Gordon ...

Methuen Mayor David Beauregard issued a letter to the Market Basket Board of Directors on Thursday, calling for an end to the ...

1975: The Demoulas family opened its first “Market Basket” store in Salem, New Hampshire, thus the chain as we know it today was born. 1990: Arthur S. files a lawsuit alleging that Telemachus ...

Market Basket Director of Operations Joe Schmidt, center, with CEO Arthur T. Demoulas' children Telemachus Demoulas, left, and Madeline Demoulas at the new store on Old Ferry Road in Lowell in 2020.

LAWRENCE — The suspended Market Basket executives wear suits in keeping with the company culture they’ve known most of their lives at the New England supermarket chain.

Market Basket's board says it has placed CEO Arthur T. Demoulas on leave, citing allegations that he was planning a work stoppage among employees at the family-controlled supermarket chain.

Arthur T. Demoulas is the CEO of Market Basket, but he owns just 28-percent of the company. His three sisters each have a 20-percent share, for a total of 60-percent.

The suspended Market Basket executives wear suits in keeping with the company culture they’ve known most of their lives at the New England supermarket chain.

‘Completely against our culture’: Ousted Market Basket officials speak out about ‘pre-planned attack’ By Peter Currier The Sun, Lowell, Mass. Jun 30, 2025 ...

Two Market Basket executives who have been placed on leave denied accusations from the board that CEO Arthur T. Demoulas was trying to "hijack" the company. Skip to content NOWCAST News 9 Daybreak ...