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. 75% of the management team is White. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. arj barker wife whitney king; why did darcy pay wickham to marry lydia. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. /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. Learn More about insider trades at Sprouts Farmers Market. /* ----------------------------------------- */ Visit about.sprouts.com for more information. 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. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. Number 8860726. Sprouts entered three new states Pennsylvania, Washington and South Carolina and passed the 300-store mark last year. 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 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. 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. 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. .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; } He earned a bachelor's degree in economics and marketing from the University of Strathclyde in Scotland. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. 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. 2023 www.azcentral.com. Jack L. Sinclair serves as Chief Executive Officer, Director of the Company. In 2019, the chain will make its debut in another three states: Louisiana, New Jersey and Virginia. On average, Jack trades about 19,582 units every 69 days since 2018. 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. "We are extremely excited to have Jack . Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. 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. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Insiders at Sprouts Farmers Market own 0.7% of the company. A seasoned retail CFO, Molloy has been a Sprouts board member since 2013. Learn More on Jack Sinclair's trading history. /* ----------------------------------------- */ "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 Sprouts Farmers Market board. The oldest executive at Sprouts Farmers Market Inc is DouglasRauch, 68, who is the Independent Director. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. 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. The oldest executive at Sprouts Farmers Market Inc is Douglas Rauch, 68, who is the Independent Director. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Sprouts Farmers Market, Inc. (NASDAQ:SFM) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ETCompany Participants. Enter your email address below to get our daily insider buying and selling report. Marital status. .topic-selector fieldset label input:checked ~ .radio { background-color: black } 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. Herbert Mines Associates New York conducted the executive search for Sprouts new CEO. 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. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. generator' object has no attribute take how to call someone on stage for recitation The estimated net worth of Jack Sinclair is at least $7.01 million as of December 5th, 2022. The estimated net worth of Jack Sinclair is at least $6.47 million as of December 5th, 2022. 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. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Before joining Sprouts, he was senior vice president of merchandising and marketing for Shaws and Star Market in the northeast area of the country. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. .topic-selector fieldset > label:hover input ~ .checkmark, .topic-selector fieldset > label:hover input ~ .radio { background-color: #ccc; } Related: Sprouts sticking to its expansion game plan. | 2 p.m. He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. ads view marital Status. From recipe site integrations to interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking. "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. Meanwhile, Sprouts board member and former PetSmart executive Lawrence Chip Molloy is serving as interim CFO until a permanent successor is named. 2022 SFM, LLC. They sold a total of 319,004 shares worth more than $10,118,254.24. Occupation. Accessibility Statement | Privacy | Terms | Transparency. 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. VIEW FULL REPORT . 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. 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 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. 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.. The most active insiders traders include Management Holdings Gp, Llc, Joe Fortunato, and Shon A. Boney. .subscribe.subtitle-text { color: #3F2F22; /*font-family: "nexarustscripts-1", open-sans;*/ } 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. According to Jefferies analyst Christopher Mandeville, Sinclair brings a skill set thats well-matched to those of Sprouts remaining C-suite. Landline number. float: left; Lawrence Chip Malloy will serve as interim CFO until a permanent successor can be found. 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. ads view landline number. The Sprouts Farmers Market executive team is 39% female and 61% male. Born. 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? By signing up to receive our newsletter, you agree to our, Webinar Mr. Sinclair has served as our Chief Executive Officer since June 2019. Kroger and Albertsons merger: What lies ahead? 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. Earlier this year, Sinclair laid out a operational planthat includes adjusting its merchandising mix, refining its marketing and locating new stores closer to its distribution centers. Get news highlights delivered directly to your e-mail inbox. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. At a time when specialty chains are struggling, the CEO of the natural foods grocer has laid out a bold roadmap to make Sprouts a smarter and more efficient retailer. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. Sinclair has 35 years of experience in grocery and retail, previously serving as CEO of 99 Cents Only Stores. Podcast: How inflation is affecting pricing strategy. Mushkin said Sinclair's efforts to help Sprouts stand out in the minds of the consumers it wants to reach are on target given that shoppers have cut down on the number of stores they visit in light of the pandemic, a dynamic that has put pressure on specialty grocers. 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. The company also announced that Brad Lukow, interim co-CEO and CFO has . 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. Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Joseph Fortunato, chairman of Sprouts' board of directors, cited Sinclair's experience in grocery and general merchandising as an important factor in his selection. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. 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. 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. From 2001 to 2012, Gil led branding, innovation and product development roles at H-E-B. 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. The CEO of Sprouts Farmers Market is Jack Loudon Sinclair. From 2007 to 2015, Sinclair served as . Get todays need-to-know grocery industry intelligence. Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. During the last year, Sprouts Farmers Market insiders bought shares 1 times. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } This net worth estimate does not reflect any other assets that Mr. Sinclair may own. The employee data is based on information from people who have self-reported their past or current employments at Sprouts Farmers Market. 11% of Sprouts Farmers Market's management is Black or African American. v. t. e. William James O'Reilly Jr. [1] (born September 10, 1949) is an American conservative commentator, [2] [3] journalist, author, and television host. He was with the company eight years. 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. 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. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. 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. Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. Learn More on Jack Sinclair's contact information. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. In addition, Sprouts announced that Shon Boney will step down from the board. The company is No. How Do You Compare? 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. Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. Spotlight Francois Chau The latest from Winsight Grocery Business, sent straight to your inbox. 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