Molloy has served on the retailers board since 2013 and has a long-tenured career as a senior financial executive, including as chief financial officer of Under ArmourInc. from 2016 to 2017 and PetSmartInc. from 2007 to 2013. Sprouts in early May said Jim Nielsen, who had been appointed interim co-CEO, while also serving as president and chief operating officer, had taken a medical leave of absence. For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Molloy was interim CEO of Torrid LLC during 2018. Learn More on Sprouts Farmers Market's active insiders. As the Chief Executive Officer and Director of Sprouts Farmers Market Inc, the total compensation of Jack Sinclair at Sprouts Farmers Market Inc is $6,230,740. Sinclair also will join the companys board. PHOENIX, May 13, 2021 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that Jack Sinclair, chief executive officer, and Denise Paulonis, chief financial officer, will . Amin Maredia resigned at the end of December after three years as CEO. He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. Headquartered in Phoenix, Arizona, Sprouts employs more than 30,000 team members and operates in more than 320 stores in 20 states from coast to coast. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. These risks and uncertainties include, without limitation, risks associated with the companys ability to successfully compete in its intensely competitive industry; the companys ability to successfully open new stores; the companys ability to manage its rapid growth; the companys ability to maintain or improve its operating margins; the companys ability to identify and react to trends in consumer preferences; product supply disruptions; general economic conditions; the companys ability to manage its transition to a new CEO; accounting standard changes including the new lease accounting guidance; and other factors as set forth from time to time in the companys Securities and Exchange Commission filings, including, without limitation, the companys Annual Report on Form 10-K. Grocery, Supermarket and Retail Food Industry News, Go Grocer's 1st store outside Ilinois to open in Milwaukee's historic 3rd Ward next week, NRF reports 5.3% uptick in holiday retail sales, short of its forecast, Richard Wardwell named CEO of Superior Grocers, Grocery stays on upside amid U.S. retail sales decline for December, Target's Brian Cornell: Company culture part of who we are. Sprouts is a company with a higher purpose to empower every person to eat healthier and live a better life and the commitment of its 30,000 team members to drive lasting change in the communities they serve truly resonates with me. '", Get the free daily newsletter read by industry experts. He was previously senior vice president and general merchandise manager for the fresh food division of Walmart U.S., where he oversaw quality control and merchandising of produce, meat and seafood. /* ----------------------------------------- */. Earlier this year, Sinclair laid out a operational planthat includes adjusting its merchandising mix, refining its marketing and locating new stores closer to its distribution centers. Mr. Sinclair owns over 85,953 units of Sprouts Farmers Market Inc stock worth over $6,607,041 and over the last 5 years he sold SFM stock worth over $7,712,479. Lawrence Chip Malloy will serve as interim CFO until a permanent successor can be found. Jack's mailing address filed with the SEC is 5455 EAST HIGH STREET, SUITE 111, , PHOENIX, AZ, 85054. Sign up to have press releases delivered to your inbox. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. We are extremely excited to have Jack Sinclair as our new chief executive officer following a thorough search and selection process by the board of directors, said Joseph Fortunato, chairman of the board of Sprouts Farmers Market. 11% of Sprouts Farmers Market's management is Black or African American. He earned a bachelor's degree in economics and marketing from the University of Strathclyde in Scotland. Learn More on Jack Sinclair's trading history. .topic-selector fieldset label input:checked ~ .radio { background-color: black } He has worked in the retail food business since 1982, when he began his career as a trainee at Shoppers Paradise in the United Kingdom. Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. The shares were sold at an average price of $33.77, for a transaction totalling $2,902,632.81. Learn More on Sprouts Farmers Market's active insiders. Sinclair brings decades of retail experience with him to the new role and with Sprouts' ambitious growth plan, Sinclair will have to hit the ground running."I am humbled and extremely privileged to be appointed Jack Sinclair - CEO. Supermarket News is part of the Informa Connect Division of Informa PLC. Learn More on Jack Sinclair's contact information. /* ----------------------------------------- */ Web page addresses and e-mail addresses turn into links automatically. Get todays need-to-know grocery industry intelligence. From 2007 to 2015, Sinclair served as . Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. Enter your email address below to get our daily insider buying and selling report. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. .topic-selector .checkmark:after { left: 8px; top: 4px; width: 8px; height: 13px; border: solid white; border-width: 0 3px 3px 0; -webkit-transform: rotate(45deg); -ms-transform: rotate(45deg); transform: rotate(45deg); } /* Content Template: press-release-contact-info - end */ ads view occupation. .subscribe-modal .modal-btn-close { top: -2rem; color: white; } Sprouts Farmers Market, Inc. specializes in fresh, natural and organic products at prices that appeal to everyday grocery shoppers. He oversees new format development, real estate site selection, construction, and merchant services. Brandon leads the companys Legal, Business Protection and Safety, Licensing and Permitting, and Corporate Social Responsibility departments.

Prior to joining Sprouts, Brandon was a corporate and securities attorney at the international law firm of Greenberg Traurig, LLP from 2002 to 2012. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. J. Douglas Sanders are a Chief Executive Officer at SPROUTS FARMERS MARKET, INC.. Scott Neal, our Chief Fresh Merchandising Officer, brings more than 25 years of retail experience to Sprouts since joining the company in June 2020. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. The natural andorganic grocer also announced that Shon Boney will step down from the board. But in the 18 months since he arrived at the specialty grocer,Sinclair has dramatically accelerated the pace of change, positioning Sprouts to better connect with its core audience while setting aside initiatives he felt weren't bearing enough fruit. It is a "documentary novel" that combines the facts of the case with journalistic depictions of actual participants and fictional characters and events. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. Kroger and Albertsons merger: What lies ahead? Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. Herbert Mines Associates New York conducted the executive search for the new chief executive officer of Sprouts Farmers Market, Inc. arj barker wife whitney king; why did darcy pay wickham to marry lydia. Despite his background,Sinclair has no intention of letting Sprouts lose its edge by moving toward more traditional grocers. In this, 1101 New York Ave NW, Washington, DC 20005, North American grocery retailing trends for 2023. Having Shon on our board has been instrumental as Sprouts has undergone rapid expansion, and we thank him for his service and contribution all these years, Fortunato said. The grocer has been conducting a search for a new CEO sinceAmin Marediastepped down from the position on Dec. 30, 2018. Optional Caption Courtesy of Sprouts Farmers Market } .subscribe-modal .modal-btn-close { position: absolute; top: 0; right: 0; color: #006326; cursor: pointer; font-size: 2rem; } According to the . Jack also spent 14 years at Safeway PLC in London where he was responsible for operations, merchandising and marketing for over 450 Safeway supermarket and convenience store locations throughout the United Kingdom. The company currently operates more than 320 stores in 19 states, and it expects to have 340 stores in 22 states by the end of this year. Mushkin said Sinclair's efforts to help Sprouts stand out in the minds of the consumers it wants to reach are on target given that shoppers have cut down on the number of stores they visit in light of the pandemic, a dynamic that has put pressure on specialty grocers. He came to Sproutsfrom 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. The grocer has been conducting a search for a new CEO since, Sprouts to Open 13 Stores in Second Half of 2019, Sprouts to Enter 3 More States, Enhance More Store Designs in Q2, PCC Marks 70th Year With Improvements, Activities, Perks, Walmart Expands Associate-to-Driver Program Pilot. Prior to that, he was chief merchandising officer from 2015 to 2018. He served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and natural products, from September 2017 to June 2019. Chip has chaired our audit committee for several years, and his deep knowledge of Sprouts business, strategy and financial operations and experience with the investment community make him best suited to lead Sprouts financial affairs while we conduct our search for a permanent chief financial officer, said Fortunato.