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. Brad Lukow, the other co-CEO and chief financial officer, assumed sole responsibility at the time but has since resigned to pursue other opportunities. Sinclair has 35 years of experience in grocery and retail, previously serving as CEO of 99 Cents Only Stores. 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. Most recently, Jack Sinclair sold 85,953 shares of the business's stock in a transaction on Monday, December 5th. Biden earmarked $226 billion in new infrastructure projects all requiring copper. .subscribe-modal-container { position: fixed; top: 0; left: 0; z-index: 1000; height: 100%; width: 100%; background-color: rgba(0, 0, 0, 0.7); } I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. 2019 represents the first year where more than half of our new stores will be opened up in new markets, Lukow said in mid-May at the BMO Farm to Market Conference in Manhattan. Get news highlights delivered directly to your e-mail inbox. "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. 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. "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. In addition, Sprouts announced that Shon Boney will step down from the board. 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Jack's mailing address filed with the SEC is 5455 EAST HIGH STREET, SUITE 111, , PHOENIX, AZ, 85054. float: left; Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. The leadership flux comes as Sprouts pursues an aggressive growth strategy. Last updated: 7 December 2022 at 6:15pm EST. Amin Maredia resigned at the end of December after three years as CEO. From 2007 to 2015, Jack was the executive vice president of the U.S. Learn More on Jack Sinclair's trading history. 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. Related: Sprouts sticking to its expansion game plan. Jack Sinclair Appointed Chief Executive Officer, Chip Molloy Appointed Interim Chief Financial Officer. 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. 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. 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. /* ----------------------------------------- */ 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. 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. 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. "It's just that to replicate that and get the buying right is no easy task.". } I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. . 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? Dave McGlinchey has served as our chief format officer since February 2020. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. 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 also will join the companys board. On average, Jack trades about 19,582 units every 69 days since 2018. arj barker wife whitney king; why did darcy pay wickham to marry lydia. 2023 www.azcentral.com. in Global Business from Arizona State University. Sprouts also announced that Shon Boney is stepping down from the board. ads view current number. 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. Here are further demographic highlights of the leadership team: The Sprouts Farmers Market executive team is 39% female and 61% male. Discover Opportunities in the New Copper Hotspot. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. 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. The corporate mailing address for Mr. Sinclair and other Sprouts Farmers Market executives is 5455 EAST HIGH STREET SUITE 111, PHOENIX AZ, 85054. Herbert Mines Associates New York conducted the executive search for the new chief executive officer of Sprouts Farmers Market, Inc. Specializing in fresh, natural and organic products,Sproutsemploys more than 30,000 associates and operates 300-plus stores in 19states. In this, 1101 New York Ave NW, Washington, DC 20005, North American grocery retailing trends for 2023. Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. 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. Jack Sinclair corporate profile, background and performance evaluation including other Sprouts Farmers executives 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. Most recently, Sinclair was CEO of 99 Cents Only Stores. /* Content Template: template-for-press-releases - end */ 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. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. 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. during the companys third-quarter earnings call in October. 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. Sprouts Farmers Market's insider roster includes Joel Anderson (Director), Brandon Lombardi (Insider), John Neal (Insider), Gilliam Phipps (CMO), and Jack Sinclair (CEO). 22 onProgressive Grocers 2019Super 50 list ofthe top grocers in the United States. 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. Yes, I want event updates and special offers! 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. Grocery Division of Walmart, Inc., where he led all aspects of Walmarts U.S. grocery business at its more than 4,000 stores, which generated substantial growth under his leadership through a focus on local assortment and fresh foods. There are 5 older executives and no younger executives at Sprouts Farmers Market. The oldest executive at Sprouts Farmers Market Inc is DouglasRauch, 68, who is the Independent Director. Sinclair will become the third permanent CEO in four years at the helm of the Phoenix-based organic-foods retailer, which reported a soft first quarter and has seen its stock price slip about 20% so far in 2019. 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