Number 8860726. 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. Email address . Despite his background,Sinclair has no intention of letting Sprouts lose its edge by moving toward more traditional grocers. 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. Mr. Sinclair has served as our Chief Executive Officer since June 2019. 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. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. He was most recently interim chief executive officer of Torrid LLC in 2018. Registered in England and Wales. 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. 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. 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. } None of the information on this page has been provided or approved by Sprouts Farmers Market. 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. 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. Mr. Sinclair is currently 62 years old. .topic-selector label > input { margin-bottom: 0; opacity: 1; cursor: pointer; } 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. From 2007 to 2015, Jack was the executive vice president of the U.S. All rights reserved. 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. . 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 named Jack Sinclair its new CEO and board member, effective June 24, 2019. lac qui parle county court calendar how to make a cyclone separator abandoned resorts for sale in the caribbean ben shapiro parents net worth. 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. He came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. 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. 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. Consumers want multicultural products. Corporate Profile 75% of the management team is White. 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.
Dave brings more than 20 years of grocery merchandising and leadership experience to Sprouts in both mass and conventional grocery. 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. From 2007 to 2015, Jack was the executive vice president of the U.S. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, Sinclair stated. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. He earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. They sold a total of 319,004 shares worth more than $10,118,254.24. All rights reserved. Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. 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 .subscribe-modal h2 { text-transform: uppercase; font-size: 2rem; font-family: "supernett-cn"; } 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. float: right; 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. Web page addresses and e-mail addresses turn into links automatically. 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. 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. 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 recent stock trade was executed by Jack Sinclair on 5 December 2022, trading 85,953 units of SFM stock currently worth $2,902,633. Learn More on Jack Sinclair's salary. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. The Sprouts Farmers Market executive team is 39% female and 61% male. 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. .topic-selector [type="submit"] { margin-top: 1rem; padding-left: 2rem; padding-right: 2rem;} 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. 8% of employees are Black or African American. 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; } /* ----------------------------------------- */ Discover Opportunities in the New Copper Hotspot. 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. "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. From 2007 to 2015, Jack was the executive vice president of the U.S. Enter your email address below to get our daily insider buying and selling report. } 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. 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 oldest executive at Sprouts Farmers Market Inc is Douglas Rauch, 68, who is the Independent Director. Learn More on Sprouts Farmers Market's active insiders. 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. 7% of the management team is Hispanic or Latino. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. Grocery Division of Walmart, Inc. (NYSE: WMT), where he led all aspects of Walmarts U.S. grocery business for its more than 4,000 stores. 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. 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. 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. 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. Boney is a co-founder of Sprouts, which opened its first store in 2002. 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. 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. 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. 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. The estimated net worth of Jack Sinclair is at least $6.47 million as of December 5th, 2022. Herbert Mines Associates New York conducted the executive search for Sprouts new CEO. 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, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. 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. Male . He has served as member of Hain Celestial Groups board of directors since 2017, and he holds a bachelors degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. The natural andorganic grocer also announced that Shon Boney will step down from the board. | 2 p.m. 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. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. 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. Sprouts also announced that Brad Lukow, interim co-chief executive officer and chief financial officer, has resigned to pursue other opportunities. Executive Summary. 5 things: Is your bakery department the best? ads view current number. 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. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. According to the . He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. Herbert Mines Associates New York conducted the executive search for the new chief executive officer of Sprouts Farmers Market, Inc. The CEO of Sprouts Farmers Market is Jack Loudon Sinclair. Sprouts' commitment to becoming an environmentally-conscious supermarket is closely tied to the demands of its customer base. 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. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Accessibility Statement | Privacy | Terms | Transparency. 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. Accessibility Statement | Privacy | Terms | Transparency, /* ----------------------------------------- */ Jack L. Sinclair serves as Chief Executive Officer, Director of the Company. Grocery, Supermarket and Retail Food Industry News, Go Grocer's 1st store outside Ilinois to open in Milwaukee's historic 3rd Ward next week, NRF reports 5.3% uptick in holiday retail sales, short of its forecast, Richard Wardwell named CEO of Superior Grocers, Grocery stays on upside amid U.S. retail sales decline for December, Target's Brian Cornell: Company culture part of who we are. In this, 1101 New York Ave NW, Washington, DC 20005, North American grocery retailing trends for 2023. But British Columbia (BC) is quietly becoming the new copper hotspot. 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. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. .subscribe-modal { width: 50%; max-width: 640px; left: 50%; transform: translate(-50%, -50%); padding: 3rem; } 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.
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