Neal has also served as a member of the board of directors of Feeding America since 2016. The Sprouts Farmers Market executive team is 39% female and 61% male. 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. 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. Show Me Terms and Data Sources .subscribe-modal { position: fixed; top: 0; top: 50%; transform: translateY(-50%); width: 100%; display: flex; flex-direction: column; background-color: white; padding: 0.75rem; } Mobile number. For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. Prior to that, he was chief merchandising officer from 2015 to 2018. Nielsen and Lukow had been serving as interim co-CEOs since the Dec. 30 departure of CEO Amin Maredia, who left the company to pursue other interests. Prior to that, he was chief merchandising officer from 2015 to 2018. Learn More on Jack Sinclair's age. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } Web page addresses and e-mail addresses turn into links automatically. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. 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. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. The appointments of Sinclair and Molloy go into effect on Monday, Sprouts said. None of the information on this page has been provided or approved by Sprouts Farmers Market. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 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. 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. 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. /sites/all/themes/penton_subtheme_supermarketnews/images/logos/footer.png, Interim Co-CEO and CFO Brad Lukow to leave company, Grocery sector ekes out slight sales gains in December, Albertsons special dividend clears court hurdle, Q4 traffic declines for many food retailers: Report, 2023 Informa USA, Inc., All rights reserved, In-store branded restaurants gain momentum. float: left; 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. All rights reserved. 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He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. /* ----------------------------------------- */ 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. /* Content Template: template-for-press-releases - end */ Earlier, he served in a number of leadership roles over a 14-year span at Stop & Shop/Giant Food, including senior vice president of merchandising support and vice president of grocery merchandising. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. ads view landline number. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. Jack Sinclair corporate profile, background and performance evaluation including other Sprouts Farmers executives } Learn More on Sprouts Farmers Market's active insiders. 8% of employees are Black or African American. 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. Forward-Looking Statements Accessibility Statement | Privacy | Terms | Transparency. /* ----------------------------------------- */ During the last year, Sprouts Farmers Market insiders bought shares 1 times. Last updated: 7 December 2022 at 6:15pm EST. He is also on the board of Federal Reserve Bank of San Francisco, Food . 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. 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. 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. 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. 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. 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. 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. 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. 11% of Sprouts Farmers Market's management is Black or African American. Sign up to receive texts from Winsight Grocery Business. Before that, he spent 14 years with Safeway PLC in London. 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 Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. Changes to the grocery landscape will continue, shaped by both macroeconomic factors (such as supply chain challenges and inflation) and mercurial customer preferences. Listen in to WGBs flagship podcast, 10 Items or Less, featuring insights from retailers and industry professionals. 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. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. .a2a_kit { 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 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 is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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. 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 2001 to 2012, Gil led branding, innovation and product development roles at H-E-B. All rights reserved. Landline number. Headquartered in Phoenix, Arizona, Sprouts employs more than 30,000 team members and operates in more than 320 stores in 20 states from coast to coast. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Sprouts also announced that Brad Lukow, interim co-chief executive officer and chief financial officer, has resigned to pursue other opportunities. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, Sinclair stated. 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. Insiders at Sprouts Farmers Market own 0.7% of the company. Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. 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. White is the most common ethnicity company-wide. Discover Opportunities in the New Copper Hotspot. Podcast: How inflation is affecting pricing strategy. Learn More on Jack Sinclair's trading history. In addition, Sprouts announced that Shon Boney will step down from the board. New store updates are important to our readers, so were adding a monthly feature to highlight them and demonstrate supermarket growth trends around the country. Stay in touch with the latest news from Sprouts! The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. Information on this page was last updated on 12/5/2022. Molloy was interim CEO of Torrid LLC during 2018. By signing up to receive our newsletter, you agree to our, Webinar 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. 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. 2022 SFM, LLC. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. Sinclair previously 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. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. 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. 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. From 2007 to 2015, Jack was the executive vice president of the U.S. 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 latest from Winsight Grocery Business, sent straight to your inbox. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Learn More about Jack Sinclair's net worth. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. On average, Jack trades about 19,582 units every 69 days since 2018. Along with the resignation of Lukow, Sprouts appointed Lawrence (Chip) Molloy as interim CFO until a permanent successor is named. 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. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. Jack earned a bachelor's degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. Meanwhile, Sprouts board member and former PetSmart executive Lawrence Chip Molloy is serving as interim CFO until a permanent successor is named. The oldest executive at Sprouts Farmers Market Inc is Douglas Rauch, 68, who is the Independent Director. 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. Sprouts sticking to its expansion game plan, Sprouts turns in double-digit sales gain for Q1, Allowed HTML tags:
. True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Today's stock market news features a Robotics stock with blue sky potential. Typically, in the grocery business, when sales and store traffic are down, an easy fix is having a big sale to bring in more customers and have them spend more, but Jack Sinclair, the CEO of . Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. He previous served Kroger since 2012, most recently as vice president of branding, marketing & Our Brands. /* ----------------------------------------- */ Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. 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. 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. Brandon Lombardi serves as chief legal officer at Sprout. } Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $7,007,783 as of December 10th. 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. Sinclairs strategy at Sprouts builds on his past roles in the grocery industry, which steeped him in the importance of operational details in enabling a retailer to thrive. Jack L. Sinclair serves as Chief Executive Officer, Director of the Company. This chart shows Jack Sinclair's buying and selling at Sprouts Farmers Market by year and by quarter. Here are further demographic highlights of the leadership team: The Sprouts Farmers Market executive team is 39% female and 61% male. From 2007 to 2015, Sinclair served as executive vice president of Walmarts U.S. grocery division. The grocer has been conducting a search for a new CEO since Amin Maredia stepped down from the position on Dec. 30, 2018. .subscribe.subtitle-text { color: #3F2F22; /*font-family: "nexarustscripts-1", open-sans;*/ } This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. .topic-selector fieldset input:checked ~ .checkmark:after { display: block; } .subscribe-modal .modal-btn-close { position: absolute; top: 0; right: 0; color: #006326; cursor: pointer; font-size: 2rem; } 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. Spotlight Francois Chau Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. 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. Marital status. And the sales reflect that. Get todays need-to-know grocery industry intelligence. Jack Sinclair named new CEO of Sprouts Farmers Market. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. 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. Sinclair indicted the American system of justice by setting his characters in the context of the prosecution and execution of Sacco and Vanzetti . 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. Dave McGlinchey has served as our chief format officer since February 2020. Most recently, Jack Sinclair sold 85,953 shares of the business's stock in a transaction on Monday, December 5th. 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. "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. .subscribe-modal .modal-btn-close { top: -2rem; color: white; } VIEW FULL REPORT . Also known as: Mr Jack Sinclair . 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 Jack Sinclair's contact information. 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. 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. He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. 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. Prior to that, he led various levels of branding and product development at Hormel Foods.
Gil is an advocate for helping communities and serves as a member of the Board of Directors of Artswave, an organization that helps fund over a hundred arts organizations in dozens of communities. 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. The board has appointed Lawrence (Chip) P. Molloy to serve as interim chief financial officer until a permanent successor has been named. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. @media screen and (min-width:640px) { There are no executives at Sprouts Farmers Market Inc getting paid more. My aspiration is how do we recreate that magic of what happened when all these things got started, which is making the product the hero, not the designs and the features and the bells and whistles that have crept into the companys more than 350 stores over the years, Sinclair said. How Do You Compare? Most recently, Sinclair was CEO of 99 Cents Only Stores. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. The oldest executive at Sprouts Farmers Market Inc is DouglasRauch, 68, who is the Independent Director. 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. He has responsibility for all aspects of grocery merchandising at more than 4,000 stores in the United States. Get notified the next time Jack Sinclair buys or sells Sprouts Farmers Market stock. .subscribe-modal h2 { text-transform: uppercase; font-size: 2rem; font-family: "supernett-cn"; } Paired with his exposure to natural and organic CPG at Hain, Sinclair's background could prove highly complementary to President and COO Jim Nielsen, an individual we'd coin as the key man to operations, assuming he returns to the company as planned post-medical leave.. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. Learn More about insider trades at Sprouts Farmers Market. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. He has also worked for Tesco and Safeway PLC, where he eventually served on the board of directors that led the merger of Safeway PLC and Morrisons. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Learn More on Jack Sinclair's trading history. A seasoned retail CFO, Molloy has been a Sprouts board member since 2013. .topic-selector fieldset label input:checked ~ .checkmark { background-color: #006326; } 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. Are we on the verge of a new grocery landscape? 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. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. PHOENIX, AZ - Right in the middle of its rapid expansion, Sprouts Farmers Market announced it has appointed a new CEOJack L. Sinclair, effective June 24 of this year. 22 onProgressive Grocers 2019Super 50 list ofthe top grocers in the United States. Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. 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. Previously, Sinclair served as executive vice president of the U.S. grocery division of Walmart, which is focusing increasingly on direct food deliveries to customers through its network of more than 4,000 stores. On the verge of a new CEO and board member since 2013 WGBs podcast. Successor has been conducting a search for a new grocery landscape year and quarter. 2015, Sinclair was the CEO at 99 Cents Only Stores common ethnicity among Sprouts Farmers }! He was chief merchandising officer from 2015 to 2018 Strathclyde, Glasgow Scotland... { top: -2rem ; color: White ; } VIEW FULL REPORT Market executive team 39... 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