Sprouts is the place where goodness grows. 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. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. Jack Sinclair named new CEO of Sprouts Farmers Market. ads view date of birth. generator' object has no attribute take how to call someone on stage for recitation Visit about.sprouts.com for more information. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Sprouts Farmers Market was already working to recapture its bountifulearly days as a natural foods retailer when Jack Sinclair came on board as CEO last year. 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. Web page addresses and e-mail addresses turn into links automatically. 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. 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. Are we on the verge of a new grocery landscape? He previous served Kroger since 2012, most recently as vice president of branding, marketing & Our Brands. 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. The oldest executive at Sprouts Farmers Market Inc is DouglasRauch, 68, who is the Independent Director. 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. .topic-selector input[type="text"], .topic-selector input[type="email"] { background-color: #F7F7F7; } "We are extremely excited to have Jack . 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. .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; } ads view marital Status. Dave McGlinchey has served as our chief format officer since February 2020. 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. Gender. 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. 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. 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. 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. By signing up to receive our newsletter, you agree to our, Webinar I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, Sinclair stated. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. /* Content Template: template-for-press-releases - end */ Sinclair also will join the companys board. The leadership flux comes as Sprouts pursues an aggressive growth strategy. 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. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } "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. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. The Sprouts Farmers Market executive team is 39% female and 61% male. The company also announced that Brad Lukow, interim co-CEO and CFO has . 22 onProgressive Grocers 2019Super 50 list ofthe top grocers in the United States. Prior to that, he was chief merchandising officer from 2015 to 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. .topic-selector fieldset > label:hover input ~ .checkmark, .topic-selector fieldset > label:hover input ~ .radio { background-color: #ccc; } Molloy most recently served as interim chief executive officer of Torrid LLC during 2018. 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. "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. 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. In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. ads view landline number. 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. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. Amin Maredia resigned at the end of December after three years as CEO. Boney is a co-founder of Sprouts, which opened its first store in 2002. 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. All rights reserved. He oversees new format development, real estate site selection, construction, and merchant services. Learn More on Jack Sinclair's trading history. 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. See if you qualify for a free subscription to our industry leading paper magazine. 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 on Sprouts Farmers Market's active insiders. Jack Sinclair from Boston, MA. Jack earned a bachelor's degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. From 2007 to 2015, Jack was the executive vice president of the U.S. Accessibility Statement | Privacy | Terms | Transparency, /* ----------------------------------------- */ Specializing in fresh, natural and organic products,Sproutsemploys more than 30,000 associates and operates 300-plus stores in 19states. As of January 2, 2022, it operated 374 stores in 23 states. .subscribe-modal .modal-btn-close { top: -2rem; color: white; } 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. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. 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. .a2a_kit { Joseph Fortunato, chairman of Sprouts' board of directors, cited Sinclair's experience in grocery and general merchandising as an important factor in his selection. Sprouts Farmers Market can also be reached via phone at (480) 814-8016 and via email at [emailprotected] Learn More on Jack Sinclair's contact information. As of 5 December 2022 he still owns at least 207,638 units of Sprouts Farmers Market Inc stock. Also known as: Mr Jack Sinclair . Marital status. /* ----------------------------------------- */ The employee data is based on information from people who have self-reported their past or current employments at Sprouts Farmers Market. Before joining the ultra-discounter, Sinclair was executive vice president of Walmarts U.S. grocery division, and earlier ran operations, merchandising and marketing for Safeway in London. 7% of the management team is Hispanic or Latino. 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. 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. 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. Biden earmarked $226 billion in new infrastructure projects all requiring copper. Prior to that, he was chief merchandising officer from 2015 to 2018. 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. The appointments of Sinclair and Molloy go into effect on Monday, Sprouts said. 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. 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. Learn More on Jack Sinclair's trading history. 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. Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. The company is No. 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. Learn More about insider trades at Sprouts Farmers Market. Sign up to receive texts from Winsight Grocery Business. 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. Get todays need-to-know grocery industry intelligence. 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. 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. From 2007 to 2015, Jack was the executive vice president of the U.S. 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 Discover Opportunities in the New Copper Hotspot. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. 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. 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. The grocer has been conducting a search for a new CEO since Amin Maredia stepped down from the position on Dec. 30, 2018. 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. In its quest to stand apart, Sprouts has focused on keeping prices low by purchasing excess food from farmers, not by artificially lowering prices in its stores to draw in consumers, Sinclair said during the interview. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. Most recently, Sinclair was CEO of 99 Cents Only Stores. VIEW FULL REPORT . 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. 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. jack sinclair, sprouts politics. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. Before joining Sprouts, he was senior vice president of merchandising and marketing for Shaws and Star Market in the northeast area of the country. 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. .subscribe.subtitle-text { color: #3F2F22; /*font-family: "nexarustscripts-1", open-sans;*/ } And the sales reflect that. Stay in touch with the latest news from Sprouts! 75% of the management team is White. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Susannah Livingston - VP of IR and Treasury. @media screen and (min-width:640px) { .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); } Learn More on Jack Sinclair's contact information. .subscribe-modal { position: fixed; top: 0; top: 50%; transform: translateY(-50%); width: 100%; display: flex; flex-direction: column; background-color: white; padding: 0.75rem; } 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. 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. 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 estimated net worth of Jack Sinclair is at least $7.01 million as of December 5th, 2022. } 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. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. The company also announced that Brad Lukow, interim co-CEO and CFO has resigned. 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 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. Email address . Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Canada is already known as a miner's paradise. Scott Mushkin, who follows Sprouts as CEO of R5 Capital, said Sprouts has to execute on a number of fronts to fully achieve Sinclair's aspirations. 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. The grocer plans to introduce a new store format next year that is 20% smaller than the 30,000-square-foot footprints typical Sprouts stores occupy today, yet is expected to bring in a comparable level of revenue. A seasoned retail CFO, Molloy has been a Sprouts board member since 2013. He earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. 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. .topic-selector fieldset label input:checked ~ .radio { background-color: black } ads view current number. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. 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. Corporate Profile Molloy was interim CEO of Torrid LLC during 2018. He was most recently interim chief executive officer of Torrid LLC in 2018. From December 2007 to April 2015, Mr. Sinclair was the Executive Vice President of the U.S. There are 5 older executives and no younger executives at Sprouts Farmers Market. Jack Sinclair became CEO of Sprouts Farmers Market on June 24, 2019. 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. Sprouts Farmers Market's insider roster includes Joel Anderson (Director), Brandon Lombardi (Insider), John Neal (Insider), Gilliam Phipps (CMO), and Jack Sinclair (CEO). Mr. Sinclair is currently 62 years old. .topic-selector fieldset input:checked ~ .checkmark:after { display: block; } Executive Summary. /* ----------------------------------------- */ 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. He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. Listen in to WGBs flagship podcast, 10 Items or Less, featuring insights from retailers and industry professionals. 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. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $6,465,847 as of January 18th. From recipe site integrations to interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking. See Jack Sinclair's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. And organic grocer opened 30 stores, and this year it aims to open another 28 about insider at. Million as of January 2, 2022. into effect on Monday, Sprouts said Visit about.sprouts.com for more.... 10: Amazon, Kroger, Rite Aid top the week 's headlines attribute take how to call someone stage! Retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking its new CEO and board since... The executive vice president of the U.S Inc. offers fresh, natural and organic grocer opened stores... 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