Overview
- The three-member board selected Mulligan on Tuesday, about a week after voting to remove Arthur T. Demoulas as chief executive.
- Mulligan is a 42-year company veteran who has served as chief financial officer since 1999 and previously supported Demoulas during the 2014 showdown.
- In a Delaware court complaint, directors accuse Demoulas of resisting oversight and preparing a work stoppage, allegations detailed after mediation collapsed.
- Demoulas is contesting his termination, and a spokesperson labeled the board’s action a farcical cover for a coup.
- According to the board, Demoulas owns roughly 28% while his three sisters control about 61%, and this transition has not prompted large-scale protests.