TEWKSBURY, Mass.— Market Basket’s board of directors has named CFO Donald T. Mulligan as the grocer’s interim CEO, according to a Tuesday press release.
The appointment follows the recent ouster of Arthur T. Demoulas from the top post after months of disagreement between him and the board.
Mulligan is a longtime Market Basket employee, with more than four decades at the Northeast grocer.
Mulligan began his career at an accounting firm in Massachusetts, where he worked with Market Basket and got to know company head Telemachus “Mike” Demoulas, who hired him full-time in 1983. Mulligan worked his way up, and in 1999, Market Basket promoted him to the CFO position.
“The Board has worked closely with Mr. Mulligan and has come to appreciate his exceptional business acumen, the respect and admiration our associates have for him, and his deep understanding of the history and culture that make Market Basket so special,” Board Chair Jay K. Hachigian said in a statement.
