"Don Mulligan is the voice of consistency at Market Basket, one that our associates and customers can count on to proudly continue the same thriving culture and the 'More For Your Dollar' shopping experience," board Chair Jay K. Hachigian said in a statement. He praised Mulligan's "exceptional business acumen" and relationship with the company's employees, as well as his "deep understanding of the history and culture that make Market Basket so special."
"A Lowell native and 42-year Market Basket veteran, Mulligan worked his way up in the company. He'd originally worked on the Market Basket account at the Tewksbury accounting firm Sullivan Bille PC before Telemachus "Mike" Demoulas - Arthur T.'s father - hired him full-time in 1983."
"Demoulas's removal as president and CEO last week came after a failed attempt at mediation. In a statement after his firing, a spokesperson for Demoulas called the board's actions "a farcical cover up for a coup" and alleged it was "crystal clear that they had no intention of"
Donald T. Mulligan, Market Basket's longtime chief financial officer, was named interim CEO after Arthur T. Demoulas's removal. The board described Mulligan as a consistent leader who will maintain the company's culture and 'More For Your Dollar' shopping experience. Mulligan is a Lowell native and 42-year Market Basket veteran who began on the company's account at Sullivan Bille PC and was hired full-time by Telemachus "Mike" Demoulas in 1983. Mulligan previously walked out with other executives in 2014 to support Arthur T. Demoulas during a family power struggle. Arthur T. Demoulas had regained leadership in a $1.6 billion buyout in 2014, but relations with his sisters later deteriorated, leading to his suspension amid allegations of planning a retaliatory work stoppage. His removal followed a failed mediation effort, and a spokesperson characterized the board's actions as "a farcical cover up for a coup."
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