From 2007 to 2015, Jack was the executive vice president of the U.S. Sign up to have press releases delivered to your inbox. 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. Today's stock market news features a Robotics stock with blue sky potential. 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. .topic-selector fieldset label input:checked ~ .checkmark { background-color: #006326; } He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. ads view date of birth. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } Spotlight Francois Chau 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 is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. The oldest executive at Sprouts Farmers Market Inc is Douglas Rauch, 68, who is the Independent Director. 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 earned a bachelor's degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. Prior to that, he was chief merchandising officer from 2015 to 2018. 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. Brandon Lombardi serves as chief legal officer at Sprout. 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. Optional Caption Courtesy of Sprouts Farmers Market He served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and natural products, from September 2017 to June 2019. Marital status. Sinclair has 35 years of experience in grocery and retail, previously serving as CEO of 99 Cents Only Stores. ads view landline number. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. .subscribe-modal-container { position: fixed; top: 0; left: 0; z-index: 1000; height: 100%; width: 100%; background-color: rgba(0, 0, 0, 0.7); } He earned a bachelor's degree in economics and marketing from the University of Strathclyde in Scotland. Most recently, Jack Sinclair sold 85,953 shares of the business's stock in a transaction on Monday, December 5th. Biden earmarked $226 billion in new infrastructure projects all requiring copper. during the companys third-quarter earnings call in October. ads view marital Status. The natural andorganic grocer also announced that Shon Boney will step down from the board. Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. 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. During the last year, insiders at the sold shares 20 times. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. The company also announced that Brad Lukow, interim co-CEO and CFO has . 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. 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. 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. 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 age. Exclusive industry info and insights straight to your inbox, Your go-to resource for all things grocery. 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 company is No. /* ----------------------------------------- */ The grocer has been conducting a search for a new CEO sinceAmin Marediastepped down from the position on Dec. 30, 2018. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Boney is a co-founder of Sprouts, which opened its first store in 2002. 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. J. Douglas Sanders are a Chief Executive Officer at SPROUTS FARMERS MARKET, INC.. Scott Neal, our Chief Fresh Merchandising Officer, brings more than 25 years of retail experience to Sprouts since joining the company in June 2020. /* ----------------------------------------- */ None of the information on this page has been provided or approved by Sprouts Farmers Market. Yes, I want event updates and special offers! 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. Lines and paragraphs break automatically. Are we on the verge of a new grocery landscape? He served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and natural products, from September 2017 to June 2019. Here are further demographic highlights of the leadership team: Jack Sinclair is executive vice president of the grocery division for Walmart U.S. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. See if you qualify for a free subscription to our industry leading paper magazine. 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. 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. Jack Sinclair - CEO. Email address . Sprouts' commitment to becoming an environmentally-conscious supermarket is closely tied to the demands of its customer base. .a2a_kit { 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. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. .topic-selector fieldset .checkmark:after, .topic-selector fieldset .radio:after { content: ""; position: absolute; display: none; } Previously, he served as the European development director for SB Capital, partnering with banks, private financiers and private equity houses to assess, advise and implement strategic retail acquisitions. Meanwhile, Sprouts board member and former PetSmart executive Lawrence Chip Molloy is serving as interim CFO until a permanent successor is named. The data presented on this page does not represent the view of Sprouts Farmers Market and its employees or that of Zippia. 75% of the management team is White. 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. 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, Sinclair was the Executive Vice President of the U.S. 8% of employees are Black or African American. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $7,007,783 as of December 10th. Sprouts Farmers Market's insider roster includes Joel Anderson (Director), Brandon Lombardi (Insider), John Neal (Insider), Gilliam Phipps (CMO), and Jack Sinclair (CEO). Sprouts Farmers Market has named former Walmart grocery executive Jack Sinclair (left) as chief executive officer, filling a leadership vacancy arising from the exit of its previous CEO and the medical leave of its chief operating officer. Jack Sinclair Appointed Chief Executive Officer, Chip Molloy Appointed Interim Chief Financial Officer. In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. 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. generator' object has no attribute take how to call someone on stage for recitation He was most recently interim chief executive officer of Torrid LLC in 2018. arj barker wife whitney king; why did darcy pay wickham to marry lydia. Mr. Sinclair is currently 62 years old. Number 8860726. 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. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. /* Content Template: press-release-contact-info - start */ He has served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and, Javits North Level 4, Room 404, Twilio Stage, Over the past two years, grocery retailers have had to reassess and adapt nearly every facet of their operations. Consumers want multicultural products. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. PHOENIX, May 13, 2021 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that Jack Sinclair, chief executive officer, and Denise Paulonis, chief financial officer, will . 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 is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. .topic-selector fieldset input:checked ~ .checkmark:after { display: block; } Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. /* Content Template: template-for-press-releases - end */ 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. The company also announced that Brad Lukow, interim co-CEO and CFO 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. They sold a total of 319,004 shares worth more than $10,118,254.24. Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. 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