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…