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Arthur T. Demoulas Market Basket

Board ousts CEO

23 Jun, 2014

The board of dirDemoulas CEOectors for the Market Basket group votes to oust Arthur T. Demoulas as CEO. He is the largest individual shareholder with 696.5 equity shares, or approximately 14.1 percent of the company. The remainder of the shares are owned by his cousins and sisters who look to cash out.