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. 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. Jack Sinclair - CEO. Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. 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. 2022 SFM, LLC. 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 also announced that Shon Boney is stepping down from the board. 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. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. Optional Caption Courtesy of Sprouts Farmers Market Podcast: How inflation is affecting pricing strategy. Show Me Terms and Data Sources 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. Landline number. .subscribe-modal .modal-btn-close { top: -2rem; color: white; } 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. Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. Web page addresses and e-mail addresses turn into links automatically. 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. Chip . 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. 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. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } Jack Sinclair from Boston, MA. 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. Jack Sinclair became CEO of Sprouts Farmers Market on June 24, 2019. 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. Jefferies analyst Christopher Mandeville, quoted in Supermarket News, said Sinclair could be a beneficial appointment, given his extensive experience in both discount retailing and the grocery business, noting that he helped Walmart grow its Neighborhood Market format. Sprouts Farmers Market's insider roster includes Joel Anderson (Director), Brandon Lombardi (Insider), John Neal (Insider), Gilliam Phipps (CMO), and Jack Sinclair (CEO). 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. Following the completion of the sale, the chief executive officer now directly owns 207,638 shares of the company's stock, valued at $7,011,935.26. Boney is a founder of the company and has been a board member since 2002. In this, 1101 New York Ave NW, Washington, DC 20005, North American grocery retailing trends for 2023. As of January 2, 2022, it operated 374 stores in 23 states. /* Content Template: template-for-press-releases - end */ Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. Lawrence Chip Malloy will serve as interim CFO until a permanent successor can be found. Also known as: Mr Jack Sinclair . Also, Shon Boney, a founder of the company and a director since 2002, has stepped down from the board. Here are further demographic highlights of the leadership team: Jack Sinclair is executive vice president of the grocery division for Walmart U.S. 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. Learn More about Jack Sinclair's net worth. Most recently, Sinclair was CEO of 99 Cents Only Stores. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. 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? 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. From 2007 to 2015, Jack was the executive vice president of the U.S. The company also announced that Brad Lukow, interim co-CEO and CFO has . He has been a board member since 2002 and served as CFO from 2002 to 2005, CEO from 2005 to 2012, and chairman from 2012 to 2013. 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. He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. in Global Business from Arizona State University. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. float: right; 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. .topic-selector label > input { margin-bottom: 0; opacity: 1; cursor: pointer; } The estimated net worth of Jack Sinclair is at least $7.01 million as of December 5th, 2022. I think as things have evolved over the last few years, people are getting more interested in it, partly because of the health implications of the products and also because people are just more interested in where things come from," he said. 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. Meanwhile, Sprouts board member and former PetSmart executive Lawrence Chip Molloy is serving as interim CFO until a permanent successor is named. Jack Sinclair Appointed Chief Executive Officer, Chip Molloy Appointed Interim Chief Financial Officer. 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. Here are further demographic highlights of the leadership team: The Sprouts Farmers Market executive team is 39% female and 61% male. 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. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. 2023 www.azcentral.com. 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. 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. .subscribe-modal { width: 50%; max-width: 640px; left: 50%; transform: translate(-50%, -50%); padding: 3rem; } /* ----------------------------------------- */ That focus has led Sinclair and his team at Sprouts to think deeply about what a specialty grocer should be an effort that follows a rocky period for the format, and that's made more difficult by the myriad challenges brought on by the pandemic. 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. The leadership flux comes as Sprouts pursues an aggressive growth strategy. generator' object has no attribute take how to call someone on stage for recitation Along with the resignation of Lukow, Sprouts appointed Lawrence (Chip) Molloy as interim CFO until a permanent successor is named. But British Columbia (BC) is quietly becoming the new copper hotspot. Accessibility Statement | Privacy | Terms | Transparency. 75% of the management team is White. 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. All rights reserved. Molloy was interim CEO of Torrid LLC during 2018. Despite his background,Sinclair has no intention of letting Sprouts lose its edge by moving toward more traditional grocers. Supermarket News is part of the Informa Connect Division of Informa PLC. 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. 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. 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. '", Get the free daily newsletter read by industry experts. 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. He earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. See Jack Sinclair's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. /* ----------------------------------------- */ 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. Sprouts Farmers Market is 47% female and 53% male company-wide. Entire grocery store created from discards, Starbucks, DoorDash will take delivery partnership nationwide, How to save on groceries, even without a store loyalty app, Boost Sales & Customer Engagement with In-Store Testing, The New Technology Every Grocer Needs in 2023, The Friday Checkout: High egg prices have shoppers boiling, Grocery inflation slows again in December, 8 trends that will shape the grocery industry in 2023, Kroger promotes $10 meals during the holidays. 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. Joseph Fortunato, chairman of Sprouts' board of directors, cited Sinclair's experience in grocery and general merchandising as an important factor in his selection. float: left; Enter your email address below to get our daily insider buying and selling report. 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. 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. Sprouts achieved only a 1% gain in operating income in the first quarter despite a 10% rise in sales, helped by its continuing expansion of stores, with the national network now exceeding 300. 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 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. Jack Sinclair corporate profile, background and performance evaluation including other Sprouts Farmers executives Mr. Sinclair has served as our Chief Executive Officer since June 2019. Susannah Livingston - VP of IR and Treasury. "Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Mr. Sinclair earned a salary of $1,118,616.00, stock awards of $3,242,414.00, options awards of $939,674.00, non-equity compensation of $458,632.00, and other compensation of $13,784.00. All rights reserved. From 2007 to 2015, Sinclair served as executive vice president of Walmarts U.S. grocery division. 11% of Sprouts Farmers Market's management is Black or African American. Mobile number. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Jack Loudon Sinclair Age : 60 Public asset : 6,125,321 USD Linked companies : Sprouts Farmers Market, Inc. Summary Currently, Jack Loudon Sinclair is Chief Executive Officer & Director at Sprouts Farmers Market, Inc. Mr. Sinclair is also on the board of Federal Reserve Bank of San Francisco, Food Marketplace, Inc. and Meltz LLC. This chart shows Jack Sinclair's buying and selling at Sprouts Farmers Market by year and by quarter. Learn More on Sprouts Farmers Market's active insiders. In this special report, compiled using data and insights from CrowdStreet and Placer.ai, Winsight Grocery Business looks at five hot markets for grocery retail investment in 2022 and whos leading the pack in those regions. /* ----------------------------------------- */ Boney is a founder of the company and has been a board member since 2002. They purchased a total of 4,093 shares worth more than $100,196.64. Consumers want multicultural products. The appointments of Sinclair and Molloy go into effect on Monday, Sprouts said. This is our strategy,whether its pre-pandemic, post-pandemic or during the pandemic. 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. 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. Sinclair also will join the companys board. Sinclair also spent 14 years at Safeway PLC in London, overseeing merchandising and other operations for more than 450 of Safeway's British stores. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $7,007,783 as of December 10th. Registered in England and Wales. .subscribe-modal .modal-btn-close { position: absolute; top: 0; right: 0; color: #006326; cursor: pointer; font-size: 2rem; } The natural andorganic grocer also announced that Shon Boney will step down from the board. 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. 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. 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. 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. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. 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. 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. As the CEO of Sprouts Farmers Market, Inc., Mr. Sinclair earned a total compensation package of $5,773,120.00 in 2021. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose., Joseph Fortunato, Sprouts' chairman, said the board is extremely excited to have Jack Sinclair as our new chief executive officer following a thorough search and selection process. The estimated net worth of Jack Sinclair is at least $6.47 million as of December 5th, 2022. Learn More on Sprouts Farmers Market's active insiders. "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. The company also announced that Brad Lukow, interim co-CEO and CFO has resigned. And the sales reflect that. 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. during the companys third-quarter earnings call in October. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. Jack joined Walmart in 2007 from McCurrach, a U.K.-based field merchandising business. Spotlight Francois Chau 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. arj barker wife whitney king; why did darcy pay wickham to marry lydia. Prior to that, he was chief merchandising officer from 2015 to 2018. The company is No. Sign up to receive texts from Winsight Grocery Business. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. .topic-selector fieldset label input:checked ~ .checkmark { background-color: #006326; } 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. 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. 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 estimated Net Worth of Jack Sinclair is at least $20.6 Million dollars as of 5 December 2022. 5 things: Is your bakery department the best? 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. 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. Learn More on Jack Sinclair's trading history. frases de despedida a un ser querido 1; 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 data presented on this page does not represent the view of Sprouts Farmers Market and its employees or that of Zippia. Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. 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. Gil Phipps, our senior vice president and chief marketing officer, joined Sprouts in April 2020 and brings over 20 years of experience in building brands at some of the largest grocers and food producers in the country. See if you qualify for a free subscription to our industry leading paper magazine. 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. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. 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. "We are extremely excited to have Jack . @media screen and (min-width:640px) { Learn More about Jack Sinclair's net worth. 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. 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. 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.