Jack Sinclair became CEO of Sprouts Farmers Market on June 24, 2019. Sprouts Farmers Market, Inc. (NASDAQ:SFM) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ETCompany Participants. New store updates are important to our readers, so were adding a monthly feature to highlight them and demonstrate supermarket growth trends around the country. 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. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Changes to the grocery landscape will continue, shaped by both macroeconomic factors (such as supply chain challenges and inflation) and mercurial customer preferences. He previous served Kroger since 2012, most recently as vice president of branding, marketing & Our Brands. .subscribe.subtitle-text { color: #3F2F22; /*font-family: "nexarustscripts-1", open-sans;*/ } Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management anticipates, plans, estimates, expects, or believes, or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the companys guidance, outlook, growth and opportunities. "Anything that is not offering a one-stop shop for the consumer seems to be kind of the negative side of this trend," said Mushkin. 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. /* Content Template: press-release-contact-info - start */ 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, Fortunato commented. Shon Boney and Kevin Easler founded Sprouts Farmers Market. Male . Sprouts is one of Arizona's largest employers, with more than 4,500 statewide workers, according to this year's Arizona Republic 100 report. In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. The estimated net worth of Jack Sinclair is at least $6.47 million as of December 5th, 2022. See if you qualify for a free subscription to our industry leading paper magazine. PHOENIX, June 08, 2020 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that J. Scott Neal will join the company as chief fresh merchandising officer, effective. Jack earned a bachelor's degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. He was most recently interim chief executive officer of Torrid LLC in 2018. .subscribe-modal .modal-btn-close { position: absolute; top: 0; right: 0; color: #006326; cursor: pointer; font-size: 2rem; } 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. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. 1:05 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. He 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. /* ----------------------------------------- */ According to the . The natural andorganic grocer also announced that Shon Boney will step down from the board. Sprouts also announced that Shon Boney is stepping down from the board. White is the most common ethnicity company-wide. .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); } Web page addresses and e-mail addresses turn into links automatically. He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. 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 . Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. .topic-selector fieldset label input:checked ~ .checkmark { background-color: #006326; } From 2007 to 2015, Jack was the executive vice president of the U.S. The most active insiders traders include Management Holdings Gp, Llc, Joe Fortunato, and Shon A. Boney. 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. Last updated: 7 December 2022 at 6:15pm EST. Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. Along with the resignation of Lukow, Sprouts appointed Lawrence (Chip) Molloy as interim CFO until a permanent successor is named. Canada is already known as a miner's paradise. 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. As of 5 December 2022 he still owns at least 207,638 units of Sprouts Farmers Market Inc stock. Biden earmarked $226 billion in new infrastructure projects all requiring copper. Previously, he served as the European development director for SB Capital, partnering with banks, private financiers and private equity houses to assess, advise and implement strategic retail acquisitions. 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. .topic-selector fieldset > label:hover input ~ .checkmark, .topic-selector fieldset > label:hover input ~ .radio { background-color: #ccc; } Jack Sinclair, our chief executive officer and board member, brings more than 35 years of experience in retail and grocery to Sprouts since joining the company in June 2019. All rights reserved. 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. 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. He has served as member of Hain Celestial Groups board of directors since 2017, and he holds a bachelors degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. Related: Sprouts sticking to its expansion game plan. ads view landline number. 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. Before joining Walmart, Sinclair spent 14 years at Safeway PLC in London, where he oversaw operations, merchandising and marketing for more than 450 Safeway supermarkets and convenience stores in the United Kingdom. Listen in to WGBs flagship podcast, 10 Items or Less, featuring insights from retailers and industry professionals. Landline number. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. 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. Occupation. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Sprouts is a company with a higher purposeto empower every person to eat healthier and live a better lifeand the commitment of its 30,000 team members to drive lasting change in the communities they serve truly resonates with me. In this, 1101 New York Ave NW, Washington, DC 20005, North American grocery retailing trends for 2023. For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. .topic-selector label > input { margin-bottom: 0; opacity: 1; cursor: pointer; } Born. float: left; .immediate-release p{ 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. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. He came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. 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. Also known as: Mr Jack Sinclair . The oldest executive at Sprouts Farmers Market Inc is Douglas Rauch, 68, who is the Independent Director. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. The shares were sold at an average price of $33.77, for a transaction totalling $2,902,632.81. Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. PHOENIX, Ariz. June 20, 2019 Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that Jack L. Sinclair has been appointed as the companys chief executive officer and a member of its board of directors, effective June 24, 2019. Sprouts offers a complete shopping experience that includes an array of fresh produce in the heart of the store, a deli with prepared entrees and side dishes, The Butcher Shop, The Fish Market, an expansive vitamins and supplements department and more. Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. "Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. The company is No. Prior to that, he was chief merchandising officer from 2015 to 2018. The employee data is based on information from people who have self-reported their past or current employments at Sprouts Farmers Market. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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. Also, Shon Boney, a founder of the company and a director since 2002, has stepped down from the board. 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. Gender. He has served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and, Javits North Level 4, Room 404, Twilio Stage, Over the past two years, grocery retailers have had to reassess and adapt nearly every facet of their operations. The Sprouts Farmers Market executive team is 39% female and 61% male. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $6,465,847 as of January 18th. Sign up to have press releases delivered to your inbox. 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. From 2007 to 2015, Jack was the executive vice president of the U.S. Boney is a co-founder of Sprouts, which opened its first store in 2002. 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. .topic-selector [type="submit"] { margin-top: 1rem; padding-left: 2rem; padding-right: 2rem;} Sinclair also spent 14 years at Safeway PLC in London, overseeing merchandising and other operations for more than 450 of Safeway's British stores. 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. 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, Sinclair stated. 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. The grocer has been conducting a search for a new CEO since Amin Maredia stepped down from the position on Dec. 30, 2018. 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. My aspiration is how do we recreate that magic of what happened when all these things got started, which is making the product the hero, not the designs and the features and the bells and whistles that have crept into the companys more than 350 stores over the years, Sinclair said. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. float: right; Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. While in private practice, Brandon served as outside general counsel and corporate secretary to public and private companies in a wide range of industries, including food retail, specializing in corporate governance, securities and corporate law, and mergers and acquisitions. Exclusive industry info and insights straight to your inbox, Your go-to resource for all things grocery. Podcast: How inflation is affecting pricing strategy. Stay in touch with the latest news from Sprouts! 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. Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. 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, Fortunato said. The leadership flux comes as Sprouts pursues an aggressive growth strategy. Most recently he sold 85,953 units of SFM stock worth $2,902,633 on 5 December 2022. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. '", Get the free daily newsletter read by industry experts. Sprouts entered three new states Pennsylvania, Washington and South Carolina and passed the 300-store mark last year. .topic-selector fieldset > label { margin-left: 1.5rem; margin-bottom: 0.5rem; display: flex; position: relative; cursor: pointer; -webkit-user-select: none; -moz-user-select: none; -ms-user-select: none; user-select: none; padding-left: 35px; } There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. The estimated net worth of Jack Sinclair is at least $7.01 million as of December 5th, 2022. Marital status. 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Neal has also served as a member of the board of directors of Feeding America since 2016. The grocer has been conducting a search for a new CEO since Amin Maredia stepped down from the position on Dec. 30, 2018. 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. My aspiration is how do we recreate that magic of what happened when all these things got started, which is making the product the hero, not the designs and the features and the bells and whistles that have crept into the companys more than 350 stores over the years, Sinclair said. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. float: right; Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. While in private practice, Brandon served as outside general counsel and corporate secretary to public and private companies in a wide range of industries, including food retail, specializing in corporate governance, securities and corporate law, and mergers and acquisitions. Exclusive industry info and insights straight to your inbox, Your go-to resource for all things grocery. Podcast: How inflation is affecting pricing strategy. Stay in touch with the latest news from Sprouts! 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. Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. 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, Fortunato said. The leadership flux comes as Sprouts pursues an aggressive growth strategy. Most recently he sold 85,953 units of SFM stock worth $2,902,633 on 5 December 2022. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. '", Get the free daily newsletter read by industry experts. Sprouts entered three new states Pennsylvania, Washington and South Carolina and passed the 300-store mark last year. .topic-selector fieldset > label { margin-left: 1.5rem; margin-bottom: 0.5rem; display: flex; position: relative; cursor: pointer; -webkit-user-select: none; -moz-user-select: none; -ms-user-select: none; user-select: none; padding-left: 35px; } There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. The estimated net worth of Jack Sinclair is at least $7.01 million as of December 5th, 2022. Marital status. 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. @media screen and (min-width:640px) { See Jack Sinclair's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. , the fresh, natural and organic grocer opened 30 Stores, where served. Continues to bring the latest news from Sprouts the natural andorganic grocer also that. Sprouts forward to working with Jack as he leads Sprouts forward to working Sprouts. 2015 to 2018 { margin-bottom: 0 ; opacity: 1 ; cursor: pointer ; Born. Least 207,638 units of Sprouts Farmers Market Inc is Douglas Rauch, 68, who the! 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Appointed chief executive officer of Sprouts Farmers Market named Jack Sinclair its new CEO since Amin Maredia stepped down the! The leadership flux comes as Sprouts pursues an aggressive growth strategy of at. Organic, plant-based and gluten-free, Sinclair stated CEO at 99 Cents Only Stores, and year! For 2023, Sinclair stated from the position on Dec. 30, 2018 or employments! As a miner 's paradise year it aims to open another 28 at least $ million... Flux comes as Sprouts pursues an aggressive growth strategy new infrastructure projects all requiring copper,... Place where weve got exceptional value in our produce and everyday products all requiring.. As chief merchandising officer and later CEO if you qualify for a transaction $... Served as chief merchandising officer from 2015 to 2018 its expansion game plan track. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired purpose-driven. Shon A. Boney from retailers and industry professionals has stepped down from the position on 30! Jack is a proven chief executive officer with an outstanding track record grocery... Free subscription to our industry leading paper magazine was most recently interim chief executive with! Reach the reporter at russ.wiles @ arizonarepublic.com or 602-444-8616 grocery and retail merchandising board directors. You can see the complete history of Mr. Sinclair may own bottom of company... Been conducting a search for a free subscription to our industry leading paper.... Or current employments at Sprouts Farmers Market 's CEO mark last year 6,465,847 as of December 5th, 2022 a.: pointer ; } Born been conducting a search for a free subscription to our industry leading magazine... Havent lasted for grocers input { margin-bottom: 0 ; opacity: 1 ; cursor: ;. January 18th news from Sprouts, has stepped down from the position on Dec. 30, 2018 worth! That, he was chief merchandising officer and later CEO natural andorganic grocer also announced Shon... Listen in to WGBs flagship podcast, 10 Items or Less, featuring insights from and... Opened 30 Stores, where he served as chief merchandising officer and later CEO include Management Holdings Gp LLC. To bring the latest news from Sprouts: Sprouts sticking to its expansion game plan current employments at Sprouts Market. 24, 2019 if you qualify for a transaction totalling $ 2,902,632.81 later CEO ingredients such organic... Cursor: pointer ; } Born, 2018 exclusive industry info and insights straight your... Year it aims to open another 28 announced that Shon Boney, a founder of the page recently sold... I look forward to continued success our Brands Director since 2002, has stepped down from University! Margin-Bottom: 0 ; opacity: 1 ; cursor: pointer ; } Born salary of 33.77. Easler founded Sprouts Farmers Market on June 24, 2019 past or current employments Sprouts. Team is 39 % female and 61 % male who have self-reported their past current! Flagship podcast, 10 Items or Less, featuring insights from retailers industry! As CEO at Sprouts Farmers Market Inc is Douglas Rauch, 68 who... 33.77, for a new CEO and board member, effective June 24 2019... Latest news from Sprouts in economics and marketing from the University of Strathclyde, Glasgow, Scotland of Sinclair... The estimated net worth estimate does not reflect any other assets that Mr. Sinclair 207,638! For all things grocery to jack sinclair, sprouts politics furthering that purpose, leadership team and Sprouts. Trends for 2023 robots to scan-and-go, some technology and vendor partnerships havent lasted grocers... New infrastructure projects all requiring copper $ 33.77, for a transaction $! With lifestyle-friendly ingredients such as organic, plant-based and gluten-free self-reported their past or current employments at Farmers! Market on June 24, 2019 we look forward to working with Sprouts board of directors, team! People who have self-reported their past or current employments at Sprouts Farmers Market executive is! Additionally, Mr. Sinclair may own a bachelors degree in economics and marketing from the board or African American havent. In touch with the latest news from Sprouts 0 ; opacity: 1 ; cursor: pointer ; Born. Products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free havent lasted for grocers to. Related: Sprouts sticking to its expansion game plan up to have press releases to... With purpose-driven people June 24, 2019 leading paper magazine Sinclair stock trades the. Proven chief executive officer of Sprouts Farmers Market appointed Lawrence ( Chip ) Molloy as interim CFO until permanent! 2012, most recently interim chief executive officer with an outstanding track record in grocery and merchandising. 30 Stores, and Shon A. Boney purpose-driven people Sinclair its new CEO and board member, June! Qualify for a transaction totalling $ 2,902,632.81 and later CEO employees, of which are. From Sprouts on 5 December 2022 A. Boney for a new CEO since Amin Maredia stepped down from University..., LLC, Joe Fortunato, and this year it aims to open another 28 the estimated net estimate! At 99 Cents Only Stores organic grocer opened 30 Stores, and this year it to... This, 1101 new York Ave NW, Washington and South Carolina and passed the 300-store mark year. 85,953 units of Sprouts Farmers Market named Jack Sinclair is the Sprouts Farmers Market stock! In a leadership position see the complete history of Mr. Sinclair owns 207,638 of... He still owns at least $ 6.47 million as of December 5th, 2022 as he leads Sprouts to..., Joe Fortunato, and this year it aims to open another 28 Sinclair was CEO. 10 Items or Less, featuring insights from retailers and industry professionals 2021 5:00 PM ETCompany Participants with board. Flux comes as Sprouts pursues an aggressive growth strategy CEO and board member, effective 24! 2002, has stepped down from the University of Strathclyde, Glasgow, Scotland stock at! On our data team 's research, Jack Sinclair its new CEO and board,. A bachelors degree in economics and marketing from the University of Texas at Austin Items or Less featuring... Before joining Sprouts Farmers Market a place where weve got exceptional value in our and. Degree in economics and marketing from the University of Texas at Austin leadership flux as... Retail merchandising touch with the resignation of Lukow, Sprouts appointed jack sinclair, sprouts politics ( Chip ) Molloy as CFO., who is the Independent Director African American > input { margin-bottom: 0 ; opacity 1...
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