"What Jack is nailing, I think,is you'vegot to drive the traffic to your store, you've got to differentiate, you've got to make it worth the consumer's time to say, 'Hey, I can't get those products anywhere else. Before joining the ultra-discounter, Sinclair was executive vice president of Walmart's U.S. grocery division, and earlier ran operations, merchandising and marketing for Safeway in London. Sprouts entered three new states Pennsylvania, Washington and South Carolina and passed the 300-store mark last year. He served as CFO of Under Armour from 2016 to 2017, CFO of PetSmart from 2007 to 2013, and CFO of retail for Circuit City Stores from 2006 to 2007. /* ----------------------------------------- */ Amin Maredia resigned at the end of December after three years as CEO. True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Chip . /* ----------------------------------------- */ ads view marital Status. Get news highlights delivered directly to your e-mail inbox. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Sprouts Farmers Market Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Prior to that, he was chief merchandising officer from 2015 to 2018. Corporate Profile Discover Opportunities in the New Copper Hotspot. Typically, in the grocery business, when sales and store traffic are down, an easy fix is having a big sale to bring in more customers and have them spend more, but Jack Sinclair, the CEO of . All rights reserved. Sprouts is the place where goodness grows. Boston is a novel by Upton Sinclair. Sprouts Farmers Market has named former Walmart grocery executive Jack Sinclair (left) as chief executive officer, filling a leadership vacancy arising from the exit of its previous CEO and the medical leave of its chief operating officer. .topic-selector fieldset > label:hover input ~ .checkmark, .topic-selector fieldset > label:hover input ~ .radio { background-color: #ccc; } Before that, he spent 14 years with Safeway PLC in London. ads view occupation. In this, 1101 New York Ave NW, Washington, DC 20005, North American grocery retailing trends for 2023. Based on the belief that healthy food should be affordable, Sprouts welcoming environment and knowledgeable team members continue to drive its growth. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Molloy was interim CEO of Torrid LLC during 2018. He has responsibility for all aspects of grocery merchandising at more than 4,000 stores in the United States. Learn More on Sprouts Farmers Market's active insiders. Get notified the next time Jack Sinclair buys or sells Sprouts Farmers Market stock. Show Me Terms and Data Sources In early May, Lukow (left) reported during Sprouts first-quarter earnings call that President and COO Jim Nielsen was taking a medical leave of absence. 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. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. The latest from Winsight Grocery Business, sent straight to your inbox. Related: Sprouts turns in double-digit sales gain for Q1, 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 Sprouts Chairman Joseph Fortunato. Last updated: 7 December 2022 at 6:15pm EST. Most recently, Sinclair was CEO of 99 Cents Only Stores. One of the things I am trying to avoid us becoming is a super-efficient planogram-driven retail business, because I think if you do the kind of things where you get very disciplined about space and features and items, I think you miss something along the way, Sinclair said during the companys third-quarter earnings call in October. Earlier, he served in a number of leadership roles over a 14-year span at Stop & Shop/Giant Food, including senior vice president of merchandising support and vice president of grocery merchandising. Jack Sinclair named new CEO of Sprouts Farmers Market, COO Nielsen, CFO Lukow to serve as interim co-CEOs, Locations will be in Southeast, Eastern regions, Grocer will open 9 stores total during the period, Grocer experiences 2.3% increase in store comps. Sinclair also spent 14 years at Safeway PLC in London, overseeing merchandising and other operations for more than 450 of Safeway's British stores. 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. Grocery Division of Walmart, Inc., where he led all aspects of Walmarts U.S. grocery business at its more than 4,000 stores, which generated substantial growth under his leadership through a focus on local assortment and fresh foods. Sinclair also will join the companys board. Jack Sinclair, our chief executive officer, brings more than 35 years of experience in retail and grocery to Sprouts since joining the company in June 2019. The employee data is based on information from people who have self-reported their past or current employments at Sprouts Farmers Market. .subscribe-modal { position: fixed; top: 0; top: 50%; transform: translateY(-50%); width: 100%; display: flex; flex-direction: column; background-color: white; padding: 0.75rem; } On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $7,007,783 as of December 10th. 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. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. The most common ethnicity among Sprouts Farmers Market executive officers is White. Sinclair will become the third permanent CEO in four years at the helm of the Phoenix-based organic-foods retailer, which reported a soft first quarter and has seen its stock price slip about 20% so far in 2019. Prior to that, he led various levels of branding and product development at Hormel Foods.

Gil is an advocate for helping communities and serves as a member of the Board of Directors of Artswave, an organization that helps fund over a hundred arts organizations in dozens of communities. Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. ads view current number. Web page addresses and e-mail addresses turn into links automatically. "I think it's a very sound idea that he's doing to kind of bring back the farmers markets and to get back to the roots of the company," he said. In addition, Sprouts announced that Shon Boney will step down from the board. } Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. Listen in to WGBs flagship podcast, 10 Items or Less, featuring insights from retailers and industry professionals. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. Supermarket News is part of the Informa Connect Division of Informa PLC. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. In 2019, the chain will make its debut in another three states: Louisiana, New Jersey and Virginia. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Jack earned a bachelor's degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. Susannah Livingston - VP of IR and Treasury. .subscribe-modal h2 { text-transform: uppercase; font-size: 2rem; font-family: "supernett-cn"; } From 2007 to 2015, Sinclair served as . .a2a_kit { | 2 p.m. Sprouts' commitment to becoming an environmentally-conscious supermarket is closely tied to the demands of its customer base. Get todays need-to-know grocery industry intelligence. The CEO of Sprouts Farmers Market is Jack Loudon Sinclair. Herbert Mines Associates New York conducted the executive search for the new chief executive officer of Sprouts Farmers Market, Inc. The company also announced that Brad Lukow, interim co-CEO and CFO has resigned. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. Sprouts Farmers Market CEO talks strategy and the future Jack Sinclair pinpointed innovation, smaller stores and a more targeted audience as steps to help define the natural retailer's path. By signing up to receive our newsletter, you agree to our, Webinar Before joining Walmart, Sinclair spent 14 years at Safeway PLC in London, where he was responsible for operations, merchandising and marketing for more than 450 supermarket and convenience store locations in the United Kingdom. Learn More on Jack Sinclair's contact information. during the companys third-quarter earnings call in October. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. He previous served Kroger since 2012, most recently as vice president of branding, marketing & Our Brands. Headquartered in Phoenix, and one of the fastest growing retailers in the country, Sprouts employs approximately 35,000 team members and operates more than 360 stores in 23 states nationwide. Prior to joining Walmart, Mr. Sinclair spent 14 years at Safeway PLC in London from 1990 to 2004, where he held several senior management positions that included responsibility for operations, merchandising and marketing for over 450 Safeway supermarket and convenience store locations throughout the United Kingdom. float: left; 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. And the sales reflect that. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. Also known as: Mr Jack Sinclair . Along with the resignation of Lukow, Sprouts appointed Lawrence (Chip) Molloy as interim CFO until a permanent successor is named. "Sprouts is a company with a higher . Learn More on Jack Sinclair's trading history. Neal served Walmart over a 24 year career, including as vice president - divisional merchandising manager of meat from 2009 to 2011, vice president - divisional merchandising manager of commercial bread and bakery from 2007 to 2009, and vice president of international merchandising from 2000 to 2007.

Neal has also served as a member of the board of directors of Feeding America since 2016. Sinclair has 35 years of experience in grocery and retail, previously serving as CEO of 99 Cents Only Stores. According to Jefferies analyst Christopher Mandeville, Sinclair brings a skill set thats well-matched to those of Sprouts remaining C-suite. Dave McGlinchey has served as our chief format officer since February 2020. The corporate mailing address for Mr. Sinclair and other Sprouts Farmers Market executives is 5455 EAST HIGH STREET SUITE 111, PHOENIX AZ, 85054. From 2007 to 2015, Jack was the executive vice president of the U.S. None of the information on this page has been provided or approved by Sprouts Farmers Market. Chart Data in Insider Trading History Table. 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. .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); } Jack Sinclair Sprouts Farmers Market, Inc. (SFM) Phoenix, AZ Total Compensation for Fiscal Year Ending in 2022: $5,773,120 Sprouts Farmers Market, Inc. disclosed its CEO pay was 242 times its median employee's pay for the fiscal year ending in 2022. Forward-Looking Statements 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. For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. .checkmark { position: absolute; top: 0; left: 0; height: 25px; width: 25px; background-color: #eee; } ET, Sprouts sharpens efforts to combat hunger as it donates $1.6M, The grocery tech graveyard: 5 recent innovations that got buried, How Walmart is experimenting with shoppable content, How Kroger, Whole Foods are upgrading labor management, H-E-B outpaces Texas grocers in foot traffic, How The Fresh Market evaluates tech partnerships, Albertsons proceeds with $4B dividend after prevailing in latest court battle, Why You Should Digitize Your Retail Supply Chain & Logistics, Plastic as art? Sprouts is one of Arizona's largest employers, with more than 4,500 statewide workers, according to this year's Arizona Republic 100 report. Here are further demographic highlights of the leadership team: Jack Sinclair is executive vice president of the grocery division for Walmart U.S. Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. Boney is a founder of the company and has been a board member since 2002. He earned a bachelor's degree in economics and marketing from the University of Strathclyde in Scotland. They sold a total of 319,004 shares worth more than $10,118,254.24. He has served as a board member of FMI The Food Industry Association since 2020 and was appointed to the Los Angeles branch board of directors of the Federal Reserve Bank of San Francisco in January 2021. Nielsen and Lukow had been serving as interim co-CEOs since the Dec. 30 departure of CEO Amin Maredia, who left the company to pursue other interests. Insiders at Sprouts Farmers Market own 0.7% of the company. Marital status. 11% of Sprouts Farmers Market's management is Black or African American. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. .subscribe.subtitle-text { color: #3F2F22; /*font-family: "nexarustscripts-1", open-sans;*/ } Male . He has been chief executive officer of 99 Cents Only Stores LLC, a premier discount retailer with over 350 locations in the United States, since 2018 and prior to that was its chief merchandising officer from 2015 to 2018. Sinclairs strategy at Sprouts builds on his past roles in the grocery industry, which steeped him in the importance of operational details in enabling a retailer to thrive. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. Jack was previously chief executive officer of 99 Cents Only Stores LLC, a premier discount retailer with over 350 locations in the United States, since 2018. 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. The largest trade he's ever made was selling 85,953 units of Sprouts Farmers Market Inc stock on 5 December 2022 worth over $2,902,633. 7% of the management team is Hispanic or Latino. 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, said Fortunato. His lengthy experience within discount and grocery should bring significant knowledge to the table, especially in small-format/fresh, as 99 Cents is as produce-focused as you'll get in the dollar channel (and comp growth was quite impressive during his time there), while Walmarts Neighborhood Market format realized considerable unit growth during his final years in charge of all U.S. grocery, Mandeville wrote in a research note released late Thursday. Under Sinclairs guidance, Sprouts has shifted gears from simply offering produce and other good-for-you products at low prices to driving sales by directly targeting consumers he defines as health enthusiasts and innovation-seekers. 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, said Fortunato. } Stay in touch with the latest news from Sprouts! Executive Summary. In addition, he makes $6,230,740 as Chief Executive Officer and Director at Sprouts Farmers Market Inc. Jack has made over 8 trades of the Sprouts Farmers Market Inc stock since 2020, according to the Form 4 filled with the SEC. Prior to that, he was chief merchandising officer from 2015 to 2018. Jack Sinclair corporate profile, background and performance evaluation including other Sprouts Farmers executives Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. 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. Mr. Sinclair is currently 62 years old. .topic-selector input[type="text"], .topic-selector input[type="email"] { background-color: #F7F7F7; } 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. Shon Boney and Kevin Easler founded Sprouts Farmers Market. Prior to that, he was chief merchandising officer from 2015 to 2018. Lines and paragraphs break automatically. He has also worked for Tesco and Safeway PLC, where he eventually served on the board of directors that led the merger of Safeway PLC and Morrisons. Over the last 9 years, insiders at Sprouts Farmers Market Inc have traded over $2,093,774,778 worth of Sprouts Farmers Market Inc stock and bought 612,643 units worth $11,748,047 Boney is a co-founder of Sprouts, which opened its first store in 2002. Occupation. That's because copper is critical to the world's shift to renewable energy. "We are extremely excited to have Jack . I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. Meanwhile, Sprouts board member and former PetSmart executive Lawrence Chip Molloy is serving as interim CFO until a permanent successor is named. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. How Do You Compare? .subscribe-modal .modal-btn-close { top: -2rem; color: white; } He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. O'Reilly's broadcasting career began during the late 1970s and 1980s, when he reported for local television stations in the United States and later for CBS News and ABC News. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. Sprouts Farmers Market has announced that former Walmart executive Jack Sinclair will take over as its new chief executive officer starting June 24, as the company continues a national expansion plan amid stiff grocery competition. Brandon Lombardi serves as chief legal officer at Sprout. The board has appointed Lawrence (Chip) P. Molloy to serve as interim chief financial officer until a permanent successor has been named. Specializing in fresh, natural and organic products,Sproutsemploys more than 30,000 associates and operates 300-plus stores in 19states. Brad Lukow, the other co-CEO and chief financial officer, assumed sole responsibility at the time but has since resigned to pursue other opportunities. Learn More on Jack Sinclair's trading history. Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. Despite his background,Sinclair has no intention of letting Sprouts lose its edge by moving toward more traditional grocers. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. Mr. Sinclair served on the board of directors of The Hain Celestial Group (NASDAQ: HAIN), a leading marketer, manufacturer and seller of organic and natural products, from September 2017 to June 2019. The leadership flux comes as Sprouts pursues an aggressive growth strategy. He led our April 2011 merger with Henrys Farmers Market while acting as our outside counsel.

Brandon holds a Juris Doctor from the Sandra Day OConnor College of Law at Arizona State University and a B.S. Most recently, Jack Sinclair sold 85,953 shares of the business's stock in a transaction on Monday, December 5th. 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. 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. /sites/all/themes/penton_subtheme_supermarketnews/images/logos/footer.png, Interim Co-CEO and CFO Brad Lukow to leave company, Grocery sector ekes out slight sales gains in December, Albertsons special dividend clears court hurdle, Q4 traffic declines for many food retailers: Report, 2023 Informa USA, Inc., All rights reserved, In-store branded restaurants gain momentum. He came to Sproutsfrom 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. Learn More about insider trades at Sprouts Farmers Market. All rights reserved. Most recently, Sinclair was CEO of 99 Cents Only Stores. With more than 35 years of experience in the retail and grocery industries, Sinclair most recently had been CEO of 99 Cents Only Stores LLC, a discount retailer with more than 350 locations in the United States, since 2018;prior to that, from 2015 to 2018, he wasthe Commerce, Calif.-based discounters chief merchandising officer. The estimated Net Worth of Jack Sinclair is at least $20.6 Million dollars as of 5 December 2022. The estimated net worth of Jack Sinclair is at least $7.01 million as of December 5th, 2022. "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 Sprouts Farmers Market board. 22 onProgressive Grocers 2019Super 50 list ofthe top grocers in the United States. 5 things: Is your bakery department the best? There are no executives at Sprouts Farmers Market Inc getting paid more. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. At a time when specialty chains are struggling, the CEO of the natural foods grocer has laid out a bold roadmap to make Sprouts a smarter and more efficient retailer. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, Sinclair stated. Enter your email address below to get our daily insider buying and selling report. Optional Caption Courtesy of Sprouts Farmers Market /* Content Template: template-for-press-releases - start */ Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. VIEW FULL REPORT . The oldest executive at Sprouts Farmers Market Inc is DouglasRauch, 68, who is the Independent Director. He also previously was EVP of the U.S. grocery division for Walmart, where he led all aspects of the mass retailers grocery business and was instrumental in the divisions growth through a focus on local assortment and fresh foods. Do not sell my personal infoPrivacy PolicyContact UsRSS, Jack Sinclair Joins Sprouts Farmers Market as New CEO, Interim co-CEO and CFO Brad Lukow resigns; Chip Molloy named interim CFO, Concurrent with Sinclair being named as its new chief executive and board member, the Phoenix-based food retailers i. nterim co-CEO and CFO, Brad Lukow, has resigned. There are 5 older executives and no younger executives at Sprouts Farmers Market. Sprouts also announced that Shon Boney is stepping down from the board. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images.

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