The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. 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. 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. 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. Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. 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. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Discover Opportunities in the New Copper Hotspot. 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. Male . 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. Prior to that, he was chief merchandising officer from 2015 to 2018. 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. 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. The company also announced that Brad Lukow, interim co-CEO and CFO has resigned. The corporate mailing address for Mr. Sinclair and other Sprouts Farmers Market executives is 5455 EAST HIGH STREET SUITE 111, PHOENIX AZ, 85054. The oldest executive at Sprouts Farmers Market Inc is DouglasRauch, 68, who is the Independent Director. He has worked in the retail food business since 1982, when he began his career as a trainee at Shoppers Paradise in the United Kingdom. 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. This chart shows Jack Sinclair's buying and selling at Sprouts Farmers Market by year and by quarter. From 2007 to 2015, Sinclair was the Executive Vice President of the U.S. 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. During the last year, Sprouts Farmers Market insiders bought shares 1 times. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. From 2007 to 2015, Sinclair served as executive vice president of Walmarts U.S. grocery division. 7% of the management team is Hispanic or Latino. Boney is a founder of the company and has been a board member since 2002. 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. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. 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,. Learn More on Sprouts Farmers Market's active insiders. 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. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. Optional Caption Courtesy of Sprouts Farmers Market 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. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, Sinclair stated. Learn More about insider trades at Sprouts Farmers Market. 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 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. From 2007 to 2015, Jack was the executive vice president of the U.S. /* Content Template: template-for-press-releases - start */ jack sinclair, sprouts politics. The appointments of Sinclair and Molloy go into effect on Monday, Sprouts said. Chart Data in Insider Trading History Table. Sprouts sticking to its expansion game plan, Sprouts turns in double-digit sales gain for Q1, Allowed HTML tags:

. Jack Sinclair named new CEO of Sprouts Farmers Market. Sprouts Farmers Markets search for a new CEO has concluded with the appointment of seasoned retail veteran Jack Sinclair, who was EVPof WalmartsU.S. grocery division from 2007 to 2015. Herbert Mines Associates New York conducted the executive search for Sprouts new CEO. 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. 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. 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. In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. The company also announced that Brad Lukow, interim co-CEO and CFO has . "Sprouts is a company with a higher . 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. 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. In this, 1101 New York Ave NW, Washington, DC 20005, North American grocery retailing trends for 2023. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Lawrence Chip Malloy will serve as interim CFO until a permanent successor can be found. 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. Information on this page was last updated on 12/5/2022. Registered in England and Wales. 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. 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. 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. 2022 SFM, LLC. Here are further demographic highlights of the leadership team: The Sprouts Farmers Market executive team is 39% female and 61% male. /* ----------------------------------------- */ The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. 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. 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. .subscribe.subtitle-text { color: #3F2F22; /*font-family: "nexarustscripts-1", open-sans;*/ } Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. } 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 Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. Email address . During his eight-yeargrocery EVP tenure at Walmart, Sinclair led all aspects of the U.S. grocery business at its more than 4,000 stores, when the retailers focus on fresh foods and local assortment came into its own. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. .topic-selector input[type="text"], .topic-selector input[type="email"] { background-color: #F7F7F7; } The CEO of Sprouts Farmers Market is Jack Loudon Sinclair. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. 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. 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. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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. 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 grocer has been conducting a search for a new CEO since Amin Maredia stepped down from the position on Dec. 30, 2018. As the CEO of Sprouts Farmers Market, Inc., Mr. Sinclair earned a total compensation package of $5,773,120.00 in 2021. Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. 2022 SFM, LLC. Changes to the grocery landscape will continue, shaped by both macroeconomic factors (such as supply chain challenges and inflation) and mercurial customer preferences. Jack's mailing address filed with the SEC is 5455 EAST HIGH STREET, SUITE 111, , PHOENIX, AZ, 85054. 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. 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, Sinclair said during the companys third-quarter earnings call in October. Boney is a founder of the company and has been a board member since 2002. According to Jefferies analyst Christopher Mandeville, Sinclair brings a skill set thats well-matched to those of Sprouts remaining C-suite. Dave McGlinchey has served as our chief format officer since February 2020. 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. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Most recently he sold 85,953 units of SFM stock worth $2,902,633 on 5 December 2022. .immediate-release p{ 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. Exclusive industry info and insights straight to your inbox, Your go-to resource for all things grocery. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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. "Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. float: right; Sprouts also announced that Shon Boney is stepping down from the board. Yes, I want event updates and special offers! The employee data is based on information from people who have self-reported their past or current employments at Sprouts Farmers Market. .topic-selector fieldset label input:checked ~ .radio { background-color: black } 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. Podcast: How inflation is affecting pricing strategy. .topic-selector [type="submit"] { margin-top: 1rem; padding-left: 2rem; padding-right: 2rem;} See Jack Sinclair's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $6,465,847 as of January 18th. The data presented on this page does not represent the view of Sprouts Farmers Market and its employees or that of Zippia. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. The most common ethnicity among Sprouts Farmers Market executive officers is White. Learn More on Jack Sinclair's salary. 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 most active insiders traders include Management Holdings Gp, Llc, Joe Fortunato, and Shon A. Boney. 22 onProgressive Grocers 2019Super 50 list ofthe top grocers in the United States. '", Get the free daily newsletter read by industry experts. 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. They purchased a total of 4,093 shares worth more than $100,196.64. While in private practice, Brandon served as outside general counsel and corporate secretary to public and private companies in a wide range of industries, including food retail, specializing in corporate governance, securities and corporate law, and mergers and acquisitions. Are we on the verge of a new grocery landscape? 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. Shon Boney and Kevin Easler founded Sprouts Farmers Market. 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. Sprouts is the place where goodness grows. Forward-Looking Statements They sold a total of 319,004 shares worth more than $10,118,254.24. Get news highlights delivered directly to your e-mail inbox. 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. 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. Jack Sinclair corporate profile, background and performance evaluation including other Sprouts Farmers executives 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. From December 2007 to April 2015, Mr. Sinclair was the Executive Vice President of the U.S. "It's just that to replicate that and get the buying right is no easy task.". Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. The leadership flux comes as Sprouts pursues an aggressive growth strategy. Follow Jack Sinclair. In 2019, the chain will make its debut in another three states: Louisiana, New Jersey and Virginia. 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. 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. 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. See if you qualify for a free subscription to our industry leading paper magazine. Accessibility Statement | Privacy | Terms | Transparency, /* ----------------------------------------- */ 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. 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. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Brandon Lombardi serves as chief legal officer at Sprout. Jack Sinclair from Boston, MA. As of 5 December 2022 he still owns at least 207,638 units of Sprouts Farmers Market Inc stock. Most recently, Jack Sinclair sold 85,953 shares of the business's stock in a transaction on Monday, December 5th. 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. 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. Most recently, Sinclair was CEO of 99 Cents Only Stores. He oversees new format development, real estate site selection, construction, and merchant services. /* ----------------------------------------- */ I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. Molloy was interim CEO of Torrid LLC during 2018. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. float: left; 2023 www.azcentral.com. 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. Specializing in fresh, natural and organic products,Sproutsemploys more than 30,000 associates and operates 300-plus stores in 19states. Prior to that, he was chief merchandising officer from 2015 to 2018. Before that, he spent 14 years with Safeway PLC in London. VIEW FULL REPORT . 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. Jack joined Walmart in 2007 from McCurrach, a U.K.-based field merchandising business. Based on the belief that healthy food should be affordable, Sprouts welcoming environment and knowledgeable team members continue to drive its growth. Mr. Sinclair is currently 62 years old. Sign up to have press releases delivered to your inbox. .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; } On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. 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 He was most recently interim chief executive officer of Torrid LLC in 2018. There are 5 older executives and no younger executives at Sprouts Farmers Market. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. 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. Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. Chip . 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. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. 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. ads view current number. .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); } Jack noting one of the bigger goals for Sprouts Farmers Supermarkets is to partner and find ways to meet their consumers request for healthy sourced food that is impactful to their overall health . 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. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. Corporate Profile During the last year, insiders at the sold shares 20 times. Previously, Mr. Sinclair served as Chief Executive Officer of 99 Cents Only Stores LLC, a premier discount retailer, from February 2018 to June 2019,and prior to that was its Chief Merchandising Officer from July 2015 to February 2018. ads view marital Status. The U.S. is awaking to a "passion for food" that other countries already have,Sinclair said as he reflected on his prior experience working in the grocery industry in the United Kingdom. Spotlight Francois Chau .topic-selector fieldset label input:checked ~ .checkmark { background-color: #006326; } I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. 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. Jack Sinclair became CEO of Sprouts Farmers Market on June 24, 2019. 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. Sprouts Farmers Market is 47% female and 53% male company-wide. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. Herbert Mines Associates New York conducted the executive search for the new chief executive officer of Sprouts Farmers Market, Inc. Canada is already known as a miner's paradise.