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,. .topic-selector fieldset label input:checked ~ .checkmark { background-color: #006326; } In addition, Sprouts announced that Shon Boney will step down from the board. Sprouts also announced that Brad Lukow, interim co-chief executive officer and chief financial officer, has resigned to pursue other opportunities. Molloy was interim CEO of Torrid LLC during 2018. 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. From 2007 to 2015, Jack was the executive vice president of the U.S. On average, Jack trades about 19,582 units every 69 days since 2018. Supermarket News is part of the Informa Connect Division of Informa PLC. In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. Sprouts also announced that Shon Boney is stepping down from the board. The board has appointed Lawrence (Chip) P. Molloy to serve as interim chief financial officer until a permanent successor has been named. Podcast: How inflation is affecting pricing strategy. 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. 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. .immediate-release p{ float: left; in Global Business from Arizona State University. Sinclair also spent 14 years at Safeway PLC in London, overseeing merchandising and other operations for more than 450 of Safeway's British stores. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. Sprouts Farmers Market, Inc. (NASDAQ:SFM) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ETCompany Participants. 7% of the management team is Hispanic or Latino. .topic-selector input[type="text"], .topic-selector input[type="email"] { background-color: #F7F7F7; } /* Content Template: press-release-contact-info - end */ Web page addresses and e-mail addresses turn into links automatically. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Number 8860726. Before that, he spent 14 years with Safeway PLC in London. /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. Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. The company is No. Learn More on Sprouts Farmers Market's active insiders. .subscribe-modal-container { position: fixed; top: 0; left: 0; z-index: 1000; height: 100%; width: 100%; background-color: rgba(0, 0, 0, 0.7); } Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Prior to that, he was chief merchandising officer from 2015 to 2018. The grocer has been conducting a search for a new CEO since, Sprouts to Open 13 Stores in Second Half of 2019, Sprouts to Enter 3 More States, Enhance More Store Designs in Q2, PCC Marks 70th Year With Improvements, Activities, Perks, Walmart Expands Associate-to-Driver Program Pilot. float: right; Landline number. Mr. Sinclair owns over 85,953 units of Sprouts Farmers Market Inc stock worth over $6,607,041 and over the last 5 years he sold SFM stock worth over $7,712,479. 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. 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? Sinclair indicted the American system of justice by setting his characters in the context of the prosecution and execution of Sacco and Vanzetti . Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 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. As the CEO of Sprouts Farmers Market, Inc., Mr. Sinclair earned a total compensation package of $5,773,120.00 in 2021. .topic-selector fieldset > label:hover input ~ .checkmark, .topic-selector fieldset > label:hover input ~ .radio { background-color: #ccc; } Prior to this role, he served as Sprouts chief merchandising officer since 2018, and joined Sprouts as senior vice president of merchandising services in 2017.

Dave brings more than 20 years of grocery merchandising and leadership experience to Sprouts in both mass and conventional grocery. He came to Sproutsfrom 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. /* ----------------------------------------- */ After a months-long search, Phoenix-based Sprouts (Nasdaq: SFM) announced last week that Jack Sinclair, former CEO of 99 Cents Only Stores LLC, would take over as CEO on June 24. "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. Email address . Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law. "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. 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. 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 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. As of January 2, 2022, it operated 374 stores in 23 states. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. 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. Prior to that, he was chief merchandising officer from 2015 to 2018. The most recent insider tranaction occured on December, 5th when CEO Jack Sinclair sold 85,953 shares worth more than $2,902,632.81. Learn More on Sprouts Farmers Market's active insiders. 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. 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. 75% of the management team is White. From December 2007 to April 2015, Mr. Sinclair was the Executive Vice President of the U.S. .subscribe-modal .modal-btn-close { position: absolute; top: 0; right: 0; color: #006326; cursor: pointer; font-size: 2rem; } What is Jack Sinclair's net worth? Mr. Sinclair has served as our Chief Executive Officer since June 2019. } How Do You Compare? Despite his background,Sinclair has no intention of letting Sprouts lose its edge by moving toward more traditional grocers. Learn More on Jack Sinclair's age. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. All rights reserved. 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. 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. /* ----------------------------------------- */ 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. 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. Learn More on Jack Sinclair's trading history. According to the . Boney is a founder of the company and has been a board member since 2002. "It's just that to replicate that and get the buying right is no easy task.". Today's stock market news features a Robotics stock with blue sky potential. Following the completion of the sale, the chief executive officer now directly owns 207,638 shares of the company's stock, valued at $7,011,935.26. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. 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. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. Learn More about Jack Sinclair's net worth. 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. Are we on the verge of a new grocery landscape? The company also announced that Brad Lukow, interim co-CEO and CFO has . Learn More on Jack Sinclair's contact information. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. 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. 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. 2022 SFM, LLC. Headquartered in Phoenix, and one of the fastest growing retailers in the country, Sprouts employs approximately 35,000 team members and operates more than 360 stores in 23 states nationwide. 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. Sinclair has 35 years of experience in grocery and retail, previously serving as CEO of 99 Cents Only Stores. Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. 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. 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. 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.. 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. From recipe site integrations to interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking. Joseph Fortunato, chairman of Sprouts' board of directors, cited Sinclair's experience in grocery and general merchandising as an important factor in his selection. 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. .topic-selector [type="submit"] { margin-top: 1rem; padding-left: 2rem; padding-right: 2rem;} 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. He came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. 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. 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. Learn More on Jack Sinclair's salary. Learn More about Jack Sinclair's net worth. Herbert Mines Associates New York conducted the executive search for Sprouts new CEO. 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. .topic-selector fieldset .checkmark:after, .topic-selector fieldset .radio:after { content: ""; position: absolute; display: none; } Insiders at Sprouts Farmers Market own 0.7% of the company. And philosophy from the board, we look forward to working with Jack as he leads forward. Promoted to CEO in February 2018 around pediatric products, SN jack sinclair, sprouts politics:... Etcompany Participants lasted for grocers team members to continue furthering that purpose that to replicate that and get buying. Ceo of Torrid LLC during 2018 open another 28 chief merchandising officer from 2015 to 2018 from Cents! 1,590,000.00 as CEO of Sprouts Farmers Market Inc since 2019. has resigned to other! 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