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. Also known as: Mr Jack Sinclair . Lawrence Chip Malloy will serve as interim CFO until a permanent successor can be found. From 2007 to 2015, Sinclair served as . Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. generator' object has no attribute take how to call someone on stage for recitation Brandon Lombardi serves as chief legal officer at Sprout. Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. Chip . .subscribe-modal { position: fixed; top: 0; top: 50%; transform: translateY(-50%); width: 100%; display: flex; flex-direction: column; background-color: white; padding: 0.75rem; } 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. 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 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. Boney is a founder of the company and has been a board member since 2002. 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. 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. Along with the resignation of Lukow, Sprouts appointed Lawrence (Chip) Molloy as interim CFO until a permanent successor is named. He came to Sproutsfrom 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. /* Content Template: template-for-press-releases - end */ 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. Supermarket News is part of the Informa Connect Division of Informa PLC. 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. 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. arj barker wife whitney king; why did darcy pay wickham to marry lydia. 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. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. /* ----------------------------------------- */ 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. Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. 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. ads view current number. By signing up to receive our newsletter, you agree to our, Webinar Are we on the verge of a new grocery landscape? For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. 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. The most active insiders traders include Management Holdings Gp, Llc, Joe Fortunato, and Shon A. Boney. Kroger and Albertsons merger: What lies ahead? He was most recently interim chief executive officer of Torrid LLC in 2018. 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. With the move, announced late Thursday, Sprouts said that Brad Lukow, interim co-CEO and chief financial officer, has resigned from the company to pursue other opportunities. The Phoenix-based specialty grocers board has appointed Lawrence Chip Molloy as interim CFO until a permanent successor is named. 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. 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. 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. Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. 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. Most recently he sold 85,953 units of SFM stock worth $2,902,633 on 5 December 2022. He oversees new format development, real estate site selection, construction, and merchant services. Born. The oldest executive at Sprouts Farmers Market Inc is DouglasRauch, 68, who is the Independent Director. All rights reserved. In 2019, the chain will make its debut in another three states: Louisiana, New Jersey and Virginia. Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. 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. During the last year, insiders at the sold shares 20 times. There are 5 older executives and no younger executives at Sprouts Farmers Market. He has been chief executive officer of 99 Cents Only Stores LLC, a premier discount retailer with over 350 locations in the United States, since 2018 and prior to that was its chief merchandising officer from 2015 to 2018. How Do You Compare? Shon Boney and Kevin Easler founded Sprouts Farmers Market. Gender. The appointments of Sinclair and Molloy go into effect on Monday, Sprouts said. Most recently, Sinclair was CEO of 99 Cents Only Stores. 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. It is a "documentary novel" that combines the facts of the case with journalistic depictions of actual participants and fictional characters and events. Enter your email address below to get our daily insider buying and selling report. ads view occupation. Jack earned a bachelor's degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. 11% of Sprouts Farmers Market's management is Black or African American. Stay in touch with the latest news from Sprouts! 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. /* ----------------------------------------- */ Here are further demographic highlights of the leadership team: Jack Sinclair is executive vice president of the grocery division for Walmart U.S. Accessibility Statement | Privacy | Terms | Transparency. Email address . The company also announced that Brad Lukow, interim co-CEO and CFO has . Learn More on Jack Sinclair's salary. 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. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. 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. Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. Mr. Sinclair is currently 62 years old. 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. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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. He earned a bachelor's degree in economics and marketing from the University of Strathclyde in Scotland. VIEW FULL REPORT . Sign up to receive texts from Winsight Grocery Business. He led our April 2011 merger with Henrys Farmers Market while acting as our outside counsel. . 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. Changes to the grocery landscape will continue, shaped by both macroeconomic factors (such as supply chain challenges and inflation) and mercurial customer preferences. Sinclair also will join the companys board. He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. Sprouts Farmers Market's insider roster includes Joel Anderson (Director), Brandon Lombardi (Insider), John Neal (Insider), Gilliam Phipps (CMO), and Jack Sinclair (CEO). Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Get todays need-to-know grocery industry intelligence. Sprouts is one of Arizona's largest employers, with more than 4,500 statewide workers, according to this year's Arizona Republic 100 report. 2022 SFM, LLC. /* ----------------------------------------- */ 7% of the management team is Hispanic or Latino. The Sprouts Farmers Market executive team is 39% female and 61% male. Jack Sinclair has not been actively trading shares of Sprouts Farmers Market during the last quarter. Prior to that, he was chief merchandising officer from 2015 to 2018. Sprouts is the place where goodness grows. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's 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. From 2001 to 2012, Gil led branding, innovation and product development roles at H-E-B. 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 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 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. 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. jack sinclair, sprouts politics. Sinclair has served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and natural products, since 2017. 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.
Brandon holds a Juris Doctor from the Sandra Day OConnor College of Law at Arizona State University and a B.S. 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. Visit about.sprouts.com for more information. 2023 www.azcentral.com. Subscribe to Grocery Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, By Catherine Douglas Moran, Julia Himmel and Shaun Lucas , Mintec and Urner Barry combine to create a market leading Price Reporting Agency (PRA) and Dat, Treeline's Top Rated Cashew Cream Cheese Now In Single Serving Snack Packs, Revionics Reinvents Science Behind Retail Promotions with New Promo Tool, FDA Food Safety Guidance and the Coming Food Delivery Chaos, That focus has led Sinclair and his team at Sprouts to think deeply about what a specialty grocer should be, One of the things I am trying to avoid us becoming is a super-efficient planogram-driven retail business, because I think if you do the kind of things where you get very disciplined about space and features and items, I think you miss something along the way,. PHOENIX, Ariz. - June 20, 2019 - Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that Jack L. Sinclair has been appointed as the company's chief executive officer and a member of its board of directors, effective June 24, 2019. Learn More about Jack Sinclair's net worth. From 2007 to 2015, Jack was the executive vice president of the U.S. The corporate mailing address for Mr. Sinclair and other Sprouts Farmers Market executives is 5455 EAST HIGH STREET SUITE 111, PHOENIX AZ, 85054. 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. Registered in England and Wales. .topic-selector fieldset label input:checked ~ .radio { background-color: black } Mobile number. Male . "We are extremely excited to have Jack . Before joining Sprouts, he was senior vice president of merchandising and marketing for Shaws and Star Market in the northeast area of the country. Amin Maredia resigned at the end of December after three years as CEO. 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. The latest from Winsight Grocery Business, sent straight to your inbox. Jack Sinclair became CEO of Sprouts Farmers Market on June 24, 2019. 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 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. 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. As the Chief Executive Officer and Director of Sprouts Farmers Market Inc, the total compensation of Jack Sinclair at Sprouts Farmers Market Inc is $6,230,740. Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. Sprouts sticking to its expansion game plan, Sprouts turns in double-digit sales gain for Q1, Allowed HTML tags:
Neal has also served as a member of the board of directors of Feeding America since 2016. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $7,007,783 as of December 10th. Learn More on Jack Sinclair's trading history. Over the last 9 years, insiders at Sprouts Farmers Market Inc have traded over $2,093,774,778 worth of Sprouts Farmers Market Inc stock and bought 612,643 units worth $11,748,047 . Sprouts entered three new states Pennsylvania, Washington and South Carolina and passed the 300-store mark last year. 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. Jack Sinclair from Boston, MA. Follow Jack Sinclair. 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. 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 is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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? .immediate-release p{ These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. 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. Podcast: How inflation is affecting pricing strategy. Molloy has served as a member of the companys board of directors since 2013 and has a long-tenured career as a senior financial executive, including serving as chief financial officer of Under Armour, Inc. from 2016 to 2017 and PetSmart, Inc. from 2007 to 2013. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Get news highlights delivered directly to your e-mail inbox. Yes, I want event updates and special offers! They purchased a total of 4,093 shares worth more than $100,196.64. 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. The natural andorganic grocer also announced that Shon Boney will step down from the board. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. during the companys third-quarter earnings call in October. Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. In this, 1101 New York Ave NW, Washington, DC 20005, North American grocery retailing trends for 2023. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. But British Columbia (BC) is quietly becoming the new copper hotspot. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $6,465,847 as of January 18th. Canada is already known as a miner's paradise. 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. 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. 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. The most recent insider tranaction occured on December, 5th when CEO Jack Sinclair sold 85,953 shares worth more than $2,902,632.81. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Learn More about insider trades at Sprouts Farmers Market. Lines and paragraphs break automatically. 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. 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. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. 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 is No. .subscribe-modal h2 { text-transform: uppercase; font-size: 2rem; font-family: "supernett-cn"; } He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. '", Get the free daily newsletter read by industry experts. Marital status. 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. 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, Inc. specializes in fresh, natural and organic products at prices that appeal to everyday grocery shoppers. 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. /* ----------------------------------------- */ 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. } Information on this page was last updated on 12/5/2022. 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. The company also announced that Brad Lukow, interim co-CEO and CFO has resigned. 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. Here are further demographic highlights of the leadership team: The Sprouts Farmers Market executive team is 39% female and 61% male. "Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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. 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. Jack joined Walmart in 2007 from McCurrach, a U.K.-based field merchandising business. .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; } Brad Lukow, the other co-CEO and chief financial officer, assumed sole responsibility at the time but has since resigned to pursue other opportunities. 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 CEO and Leadership, Desert Schools Federal Credit Union Executives, Desert Schools Federal Credit Union Jobs Near Me, Requirements Manager jobs at Sprouts Farmers Market, Produce Manager jobs at Sprouts Farmers Market, Store Manager jobs at Sprouts Farmers Market, Administrative Coordinator jobs at Sprouts Farmers Market, Training Manager jobs at Sprouts Farmers Market, Deli Clerk jobs at Sprouts Farmers Market, Produce Clerk jobs at Sprouts Farmers Market, Seafood Clerk jobs at Sprouts Farmers Market, Courtesy Clerk jobs at Sprouts Farmers Market, Head Cashier jobs at Sprouts Farmers Market, Bakery Clerk jobs at Sprouts Farmers Market, Shop Clerk jobs at Sprouts Farmers Market, The Sprouts Farmers Market executive team is. /* ----------------------------------------- */ According to the . Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. During the last year, Sprouts Farmers Market insiders bought shares 1 times. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. Jack's mailing address filed with the SEC is 5455 EAST HIGH STREET, SUITE 111, , PHOENIX, AZ, 85054. Number 8860726. "Sprouts is a company with a higher . 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. 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. "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. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. All rights reserved. "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. As the CEO of Sprouts Farmers Market, Inc., Mr. Sinclair earned a total compensation package of $5,773,120.00 in 2021. 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. Consumers want multicultural products. 2022 SFM, LLC. This is our strategy,whether its pre-pandemic, post-pandemic or during the pandemic. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. 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. 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. From 2007 to 2015, Sinclair was the Executive Vice President of the U.S. On average, Sprouts Farmers Market Inc executives and independent directors trade stock every 15 days with the average trade being worth of $10,119,753. Corporate Profile Last updated: 7 December 2022 at 6:15pm EST. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. Before that, he spent 14 years with Safeway PLC in London. That's because copper is critical to the world's shift to renewable energy. .topic-selector [type="submit"] { margin-top: 1rem; padding-left: 2rem; padding-right: 2rem;} A seasoned retail CFO, Molloy has been a Sprouts board member since 2013. 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. Show Me Terms and Data Sources Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. As of January 2, 2022, it operated 374 stores in 23 states. Boney is a co-founder of Sprouts, which opened its first store in 2002. Joseph Fortunato, chairman of Sprouts' board of directors, cited Sinclair's experience in grocery and general merchandising as an important factor in his selection. What is Jack Sinclair's net worth? Exclusive industry info and insights straight to your inbox, Your go-to resource for all things grocery. Learn More on Sprouts Farmers Market's active insiders. From 2007 to 2015, Sinclair served as executive vice president of Walmarts U.S. grocery division. | 2 p.m. Accessibility Statement | Privacy | Terms | Transparency, /* ----------------------------------------- */ 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. 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. Jack L. Sinclair serves as Chief Executive Officer, Director of the Company. Sprouts also announced that Shon Boney is stepping down from the board. } 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. Sign up to have press releases delivered to your inbox. The estimated Net Worth of Jack Sinclair is at least $20.6 Million dollars as of 5 December 2022. .topic-selector fieldset input:checked ~ .checkmark:after { display: block; } Occupation. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. 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. } 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.
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