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A longtime member of Market Basket’s board of directors who has been vocal in his support for suspended CEO Arthur T. Demoulas has been removed from the board, according to a public relations firm representing Demoulas.
Bill Shea, who has been on the company’s board of directors for 26 years, was removed following a vote by the three sisters of Demoulas who are 60% shareholders – Caren Demoulas Pasquale, Frances Demoulas Kettenbach and Glorianne Demoulas Farnham, according to the spokesperson with Rasky Partners.
The Demoulas team claims that he was not informed until after the vote was taken, and that the move leaves him without representation on the board of directors.
“In taking this action, Mrs. Kettenbach, Mrs. Farnham and Mrs. Pasquale have done two things. They have eliminated the one person who had the right to demand the factual information behind these false accusations; the one person who could question their actions and that of their hand-picked board members,” Demoulas’ spokesperson, Justine Griffin said. “And inside of eight months they have wiped out any dissent to their moves, not to mention the deep knowledge of the company the board previously possessed, and the insights it enabled. Clearly, that was not what interests them.”
NBC10 Boston has reached out to Market Basket’s board for more information.
This comes after a judge sided with the board in issuing an injunction to keep two fired executives away from company property.
Market Basket has claimed that Joe Schmidt, the store’s former director of operations, secretly held on to his master key and trespassed going into company headquarters in Tewksbury and a store in Somerville, where Schmidt was captured on surveillance video waving to the security camera.
The company alleges Schmidt and former grocery supervisor Tom Gordon also travelled to more than 20 store locations in multiple states to speak with employees as part of a concerted effort to possibly spur a boycott.
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Matt Fortin
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