After a months-long search, Phoenix-based Sprouts (Nasdaq: SFM) announced last week that Jack Sinclair, former CEO of 99 Cents Only Stores LLC, would take over as CEO on June 24. "Sprouts is a company with a higher . .subscribe-modal { position: fixed; top: 0; top: 50%; transform: translateY(-50%); width: 100%; display: flex; flex-direction: column; background-color: white; padding: 0.75rem; } That's because copper is critical to the world's shift to renewable energy. A new era has begun at Sprouts Farmers Market following the appointment of veteran food retailer Jack Sinclair as CEO and the departures of CFO Brad Lukow and longtime board member and founder Shon Boney. 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. Dave McGlinchey has served as our chief format officer since February 2020. 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. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. Discover Opportunities in the New Copper Hotspot. Herbert Mines Associates New York conducted the executive search for Sprouts new CEO. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. The appointments of Sinclair and Molloy go into effect on Monday, Sprouts said. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. What is Jack Sinclair's net worth? 2019 represents the first year where more than half of our new stores will be opened up in new markets, Lukow said in mid-May at the BMO Farm to Market Conference in Manhattan. .topic-selector fieldset .checkmark:after, .topic-selector fieldset .radio:after { content: ""; position: absolute; display: none; } } Subscribe to Grocery Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, By Catherine Douglas Moran, Julia Himmel and Shaun Lucas , Mintec and Urner Barry combine to create a market leading Price Reporting Agency (PRA) and Dat, Treeline's Top Rated Cashew Cream Cheese Now In Single Serving Snack Packs, Revionics Reinvents Science Behind Retail Promotions with New Promo Tool, FDA Food Safety Guidance and the Coming Food Delivery Chaos, That focus has led Sinclair and his team at Sprouts to think deeply about what a specialty grocer should be, 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,. The natural andorganic grocer also announced that Shon Boney will step down from the board. 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. The CEO of Sprouts Farmers Market is Jack Loudon Sinclair. Photograph courtesy of Sprouts Farmers Market, I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, Sinclair said in a statement. The estimated net worth of Jack Sinclair is at least $6.47 million as of December 5th, 2022. All rights reserved. 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. Listen in to WGBs flagship podcast, 10 Items or Less, featuring insights from retailers and industry professionals. Prior to that, he was chief merchandising officer from 2015 to 2018. Prior to that, he was chief merchandising officer from 2015 to 2018. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Jack Sinclair - CEO. Jack L. Sinclair, who has decades of retail experience, will begin implementing Sprouts' ambitious growth plan immediately."I am humbled and extremely privileged to be appointed Chief Executive Officer of Sprouts Farmers Market," Sinclair said. Molloy has served as a member of the companys board of directors since 2013 and has a long-tenured career as a senior financial executive, including serving as chief financial officer of Under Armour, Inc. from 2016 to 2017 and PetSmart, Inc. from 2007 to 2013. Along with the resignation of Lukow, Sprouts appointed Lawrence (Chip) Molloy as interim CFO until a permanent successor is named. 22 onProgressive Grocers 2019Super 50 list ofthe top grocers in the United States. .topic-selector fieldset label input:checked ~ .radio { background-color: black } The shares were sold at an average price of $33.77, for a transaction totalling $2,902,632.81. 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. 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 company also announced that Brad Lukow, interim co-CEO and CFO has resigned. frases de despedida a un ser querido 1; Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Stay in touch with the latest news from Sprouts! Zippia gives an in-depth look into the details of Sprouts Farmers Market, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sprouts Farmers Market. From recipe site integrations to interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking. 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. "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. Learn More on Jack Sinclair's trading history. Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. 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. Concurrent with Sinclair being named as its new chief executive and board member, the Phoenix-based food retailers interim co-CEO and CFO, Brad Lukow, has resigned. Last updated: 7 December 2022 at 6:15pm EST. The data presented on this page does not represent the view of Sprouts Farmers Market and its employees or that of Zippia. ads view current number. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $7,007,783 as of December 10th. 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. There are no executives at Sprouts Farmers Market Inc getting paid more. Jack Sinclair corporate profile, background and performance evaluation including other Sprouts Farmers executives 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. 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. Sinclair has 35 years of experience in grocery and retail, previously serving as CEO of 99 Cents Only Stores. Chip . Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $6,465,847 as of January 18th. He previous served Kroger since 2012, most recently as vice president of branding, marketing & Our Brands. The new locations will have an even stronger emphasis on fresh fruits and vegetables than current Sprouts stores, which are distinguished by their centrally positioned produce section, and will place less emphasis on often-costly design features, like meat, seafood and deli counters. 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. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Sinclair has served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and natural products, since 2017. He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. Learn More on Jack Sinclair's contact information. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, Sinclair stated. Sprouts is the place where goodness grows. 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. 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. 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. He also has served on the board of The Hain Celestial Group, a manufacturer and supplier of organic and natural products, since 2017. The estimated net worth of Jack Sinclair is at least $7.01 million as of December 5th, 2022. 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. Molloy most recently served as interim chief executive officer of Torrid LLC during 2018. 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? The most recent stock trade was executed by Jack Sinclair on 5 December 2022, trading 85,953 units of SFM stock currently worth $2,902,633. 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. Most recently, Sinclair was CEO of 99 Cents Only Stores. As of January 2, 2022, it operated 374 stores in 23 states. 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