"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. Number 8860726. He earned a bachelor of arts degree in economics from Brigham Young University. They sold a total of 319,004 shares worth more than $10,118,254.24. The grocer has been conducting a search for a new CEO since Amin Maredia stepped down from the position on Dec. 30, 2018. As of January 2, 2022, it operated 374 stores in 23 states. 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. 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 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. 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. 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. He is also on the board of Federal Reserve Bank of San Francisco, Food . Marital status. 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. 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. 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. .topic-selector [type="submit"] { margin-top: 1rem; padding-left: 2rem; padding-right: 2rem;} 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. 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. On average, Jack trades about 19,582 units every 69 days since 2018. Web page addresses and e-mail addresses turn into links automatically. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. Consumers want multicultural products. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. 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. 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. Today's stock market news features a Robotics stock with blue sky potential. Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. Listen in to WGBs flagship podcast, 10 Items or Less, featuring insights from retailers and industry professionals. 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 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. 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. From December 2007 to April 2015, Mr. Sinclair was the Executive Vice President of the U.S. /* ----------------------------------------- */ On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. . 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. According to the . This chart shows Jack Sinclair's buying and selling at Sprouts Farmers Market by year and by quarter. Mr. Sinclair has served as our Chief Executive Officer since June 2019. 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. Optional Caption Courtesy of Sprouts Farmers Market 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. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. } By signing up to receive our newsletter, you agree to our, Webinar The estimated Net Worth of Jack Sinclair is at least $20.6 Million dollars as of 5 December 2022. ads view current number. 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. Specializing in fresh, natural and organic products,Sproutsemploys more than 30,000 associates and operates 300-plus stores in 19states. 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. "What Jack is nailing, I think,is you'vegot to drive the traffic to your store, you've got to differentiate, you've got to make it worth the consumer's time to say, 'Hey, I can't get those products anywhere else. The grocer has been conducting a search for a new CEO sinceAmin Marediastepped down from the position on Dec. 30, 2018. 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. 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. Mr. Sinclair served on the board of directors of The Hain Celestial Group (NASDAQ: HAIN), a leading marketer, manufacturer and seller of organic and natural products, from September 2017 to June 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? I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. 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. Podcast: How inflation is affecting pricing strategy. Jack Sinclair became CEO of Sprouts Farmers Market on June 24, 2019. 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, said Fortunato. In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. "Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } .topic-selector fieldset .checkmark:after, .topic-selector fieldset .radio:after { content: ""; position: absolute; display: none; } 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. 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. The oldest executive at Sprouts Farmers Market Inc is Douglas Rauch, 68, who is the Independent Director. Last updated: 7 December 2022 at 6:15pm EST. /* ----------------------------------------- */ 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. 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. Jack Sinclair is Chief Executive Officer, Director of Sprouts Farmers Market. 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. 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