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? Get todays need-to-know grocery industry intelligence. Podcast: How inflation is affecting pricing strategy. Are we on the verge of a new grocery landscape? Enter your email address below to get our daily insider buying and selling report. /* ----------------------------------------- */ Specializing in fresh, natural and organic products,Sproutsemploys more than 30,000 associates and operates 300-plus stores in 19states. "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. 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. Sinclair also will join the companys board. 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. Landline number. Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. 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. Sign up to receive texts from Winsight Grocery Business. 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. Most recently, Jack Sinclair sold 85,953 shares of the business's stock in a transaction on Monday, December 5th. Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. .subscribe-modal .modal-btn-close { position: absolute; top: 0; right: 0; color: #006326; cursor: pointer; font-size: 2rem; } 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. According to Jefferies analyst Christopher Mandeville, Sinclair brings a skill set thats well-matched to those of Sprouts remaining C-suite. 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. 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. 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. 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. 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. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. 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. 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. 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. Sprouts Farmers Market is 47% female and 53% male company-wide. Jack Sinclair - CEO. 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. Sinclair has 35 years of experience in grocery and retail, previously serving as CEO of 99 Cents Only Stores. 8% of employees are Black or African American. ads view current number. "Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. ads view date of birth. Boney is a founder of the company and has been a board member since 2002. Learn More on Sprouts Farmers Market's active insiders. Sinclair's goal is for Sprouts to stand out by leaving traditional grocery retailing to the competition and concentrating on a distinct combination of assortment and shopping experience other stores arent able to match. Jack Sinclair named new CEO of Sprouts Farmers Market. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. Here are further demographic highlights of the leadership team: The Sprouts Farmers Market executive team is 39% female and 61% male. 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. 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. 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. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. From 2007 to 2015, Jack was the executive vice president of the U.S. Sign up to have press releases delivered to your inbox. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Last updated: 7 December 2022 at 6:15pm EST. Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. 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. Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. Sprouts said he spurred growth at the retail giants grocery business, which spans more than 4,000 stores, through a focus on local assortments and fresh foods. ads view landline number. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. Before joining Sprouts, he was senior vice president of merchandising and marketing for Shaws and Star Market in the northeast area of the country. /* ----------------------------------------- */. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Molloy was interim CEO of Torrid LLC during 2018. Previously, Sinclair served as executive vice president of the U.S. grocery division of Walmart, which is focusing increasingly on direct food deliveries to customers through its network of more than 4,000 stores. 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. Jack Sinclair is Chief Executive Officer, Director of Sprouts Farmers Market. 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. He came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. 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. Sprouts Farmers Market may also be known as or be related to SPROUTS FARMERS MARKETS LLC, Sprouts Farmers Market, Sprouts Farmers Market Inc, Sprouts Farmers Market, Inc., Sprouts Farmers Markets, Inc. and THE SPROUTS HEALTHY COMMUNITIES. /* Content Template: template-for-press-releases - end */ 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. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. Learn More on Jack Sinclair's trading history. 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. Sinclair also spent 14 years at Safeway PLC in London, overseeing merchandising and other operations for more than 450 of Safeway's British stores. 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. On average, Jack trades about 19,582 units every 69 days since 2018. 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. 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. 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. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. Visit about.sprouts.com for more information. Also known as: Mr Jack Sinclair . 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. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. Learn More about Jack Sinclair's net worth. Brandon Lombardi serves as chief legal officer at Sprout. arj barker wife whitney king; why did darcy pay wickham to marry lydia. Sprouts Farmers Market, Inc. specializes in fresh, natural and organic products at prices that appeal to everyday grocery shoppers. 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. He previous served Kroger since 2012, most recently as vice president of branding, marketing & Our Brands. None of the information on this page has been provided or approved by Sprouts Farmers Market. Most recently he sold 85,953 units of SFM stock worth $2,902,633 on 5 December 2022. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. During his eight-yeargrocery EVP tenure at Walmart, Sinclair led all aspects of the U.S. grocery business at its more than 4,000 stores, when the retailers focus on fresh foods and local assortment came into its own. Despite his background,Sinclair has no intention of letting Sprouts lose its edge by moving toward more traditional grocers. 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. Amin Maredia resigned at the end of December after three years as CEO. Jack Sinclair Appointed Chief Executive Officer, Chip Molloy Appointed Interim Chief Financial Officer. The most active insiders traders include Management Holdings Gp, Llc, Joe Fortunato, and Shon A. Boney. For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. frases de despedida a un ser querido 1; Marital status. From 2007 to 2015, Sinclair was the Executive Vice President of the U.S. 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. The company also announced that Brad Lukow, interim co-CEO and CFO has . From 2007 to 2015, Sinclair served as executive vice president of Walmarts U.S. grocery division. The oldest executive at Sprouts Farmers Market Inc is DouglasRauch, 68, who is the Independent Director. .topic-selector fieldset label input:checked ~ .radio { background-color: black } On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. 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. during the companys third-quarter earnings call in October. '", Get the free daily newsletter read by industry experts. Meanwhile, Sprouts board member and former PetSmart executive Lawrence Chip Molloy is serving as interim CFO until a permanent successor is named. Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. Before that, he spent 14 years with Safeway PLC in London. "It's just that to replicate that and get the buying right is no easy task.". Also, Shon Boney, a founder of the company and a director since 2002, has stepped down from the board. "Sprouts is a company with a higher . 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. He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. 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. Executive Summary. Get notified the next time Jack Sinclair buys or sells Sprouts Farmers Market stock. Stay in touch with the latest news from Sprouts! float: right; Sprouts Farmers Market's insider roster includes Joel Anderson (Director), Brandon Lombardi (Insider), John Neal (Insider), Gilliam Phipps (CMO), and Jack Sinclair (CEO). .subscribe-modal h2 { text-transform: uppercase; font-size: 2rem; font-family: "supernett-cn"; } Herbert Mines Associates New York conducted the executive search for Sprouts new CEO. The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law. Based on the belief that healthy food should be affordable, Sprouts welcoming environment and knowledgeable team members continue to drive its growth. Sprouts Farmers Markets search for a new CEO has concluded with the appointment of seasoned retail veteran Jack Sinclair, who was EVPof WalmartsU.S. grocery division from 2007 to 2015. Email address . Born. From recipe site integrations to interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking. Chip . From 2001 to 2012, Gil led branding, innovation and product development roles at H-E-B. Mobile number. 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. The most recent insider tranaction occured on December, 5th when CEO Jack Sinclair sold 85,953 shares worth more than $2,902,632.81. The employee data is based on information from people who have self-reported their past or current employments at Sprouts Farmers Market. VIEW FULL REPORT . How Do You Compare? The board has appointed Lawrence (Chip) P. Molloy to serve as interim chief financial officer until a permanent successor has been named. In 2019, the chain will make its debut in another three states: Louisiana, New Jersey and Virginia. 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 The Sprouts Farmers Market executive team is 39% female and 61% male. Today's stock market news features a Robotics stock with blue sky potential. Learn More on Sprouts Farmers Market's active insiders. 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. 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. 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. Prior to that, he was chief merchandising officer from 2015 to 2018. Related: Sprouts sticking to its expansion game plan. 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. 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