<p> The Demoulas Super Markets Board of Directors has said in a statement that the Board’s executive search firm is currently not seeking a new president to replace Arthur T. Demoulas.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> “Arthur T. Demoulas continues to be President of Market Basket, and the Board is not currently looking for a new President,” said the Board. “Under the Company’s Bylaws, the role of the President is to manage the general day-to-day operations of the business. His various responsibilities including purchasing, pricing, customer satisfaction, and employee training and retention. The Board has no intention of changing or assuming those duties.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Arthur T. has been involved in ongoing courtroom battles with his cousin Arthur S., who has been seeking the CEO’s removal.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> In the coming year, the Board will continue providing counsel and oversight on various matters, including the implementation of a growth strategy as it is presented to them by Arthur T., the management team, the capital structure of the business, and investment decisions, according to the statement.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Stay tuned to AndNowUKnow as we continue our coverage on the Demoulas disputes. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://dsmboardinfo.com" target="_new"> Market Basket </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
