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. 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. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. As of January 2, 2022, it operated 374 stores in 23 states. 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. The leadership flux comes as Sprouts pursues an aggressive growth strategy. Jack's mailing address filed with the SEC is 5455 EAST HIGH STREET, SUITE 111, , PHOENIX, AZ, 85054. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. Under Sinclairs guidance, Sprouts has shifted gears from simply offering produce and other good-for-you products at low prices to driving sales by directly targeting consumers he defines as health enthusiasts and innovation-seekers. 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. Also known as: Mr Jack Sinclair . "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. There are no executives at Sprouts Farmers Market Inc getting paid more. 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. Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. Sprouts Farmers Market, Inc. specializes in fresh, natural and organic products at prices that appeal to everyday grocery shoppers. All rights reserved. generator' object has no attribute take how to call someone on stage for recitation /* ----------------------------------------- */. Learn More about Jack Sinclair's net worth. 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. .subscribe-modal h2 { text-transform: uppercase; font-size: 2rem; font-family: "supernett-cn"; } Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. 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For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. } 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. 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. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. 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. 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. 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. Last updated: 7 December 2022 at 6:15pm EST. These risks and uncertainties include, without limitation, risks associated with the companys ability to successfully compete in its intensely competitive industry; the companys ability to successfully open new stores; the companys ability to manage its rapid growth; the companys ability to maintain or improve its operating margins; the companys ability to identify and react to trends in consumer preferences; product supply disruptions; general economic conditions; the companys ability to manage its transition to a new CEO; accounting standard changes including the new lease accounting guidance; and other factors as set forth from time to time in the companys Securities and Exchange Commission filings, including, without limitation, the companys Annual Report on Form 10-K. 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. From 2007 to 2015, Jack was the executive vice president of the U.S. Learn More on Jack Sinclair's trading history. 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. Occupation. 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. Today's stock market news features a Robotics stock with blue sky potential. How Do You Compare? 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. 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. Molloy has served on the retailers board since 2013 and has a long-tenured career as a senior financial executive, including as chief financial officer of Under ArmourInc. from 2016 to 2017 and PetSmartInc. from 2007 to 2013. 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. In 2019, the chain will make its debut in another three states: Louisiana, New Jersey and Virginia. Are we on the verge of a new grocery landscape? 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. 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. He came to Sproutsfrom 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. Jack Sinclair Appointed Chief Executive Officer, Chip Molloy Appointed Interim Chief Financial Officer. Boney is a founder of the company and has been a board member since 2002. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. 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. Sprouts Farmers Market, Inc. (NASDAQ:SFM) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ETCompany Participants. Biden earmarked $226 billion in new infrastructure projects all requiring copper. 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. Sprouts Farmers Market may also be known as or be related to SPROUTS FARMERS MARKETS LLC, Sprouts Farmers Market, Sprouts Farmers Market Inc, Sprouts Farmers Market, Inc., Sprouts Farmers Markets, Inc. and THE SPROUTS HEALTHY COMMUNITIES. Sprouts sticking to its expansion game plan, Sprouts turns in double-digit sales gain for Q1, Allowed HTML tags: . Dave McGlinchey has served as our chief format officer since February 2020. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. 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. He was with the company eight years. Canada is already known as a miner's paradise. Sinclair also spent 14 years at Safeway PLC in London, overseeing merchandising and other operations for more than 450 of Safeway's British stores. 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. Forward-Looking Statements Get todays need-to-know grocery industry intelligence. .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; } 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. Sprouts entered three new states Pennsylvania, Washington and South Carolina and passed the 300-store mark last year. They sold a total of 319,004 shares worth more than $10,118,254.24. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. It is a "documentary novel" that combines the facts of the case with journalistic depictions of actual participants and fictional characters and events. As of 5 December 2022 he still owns at least 207,638 units of Sprouts Farmers Market Inc stock. Brandon Lombardi serves as chief legal officer at Sprout. /* ----------------------------------------- */ Learn More on Jack Sinclair's age. The board has appointed Lawrence (Chip) P. Molloy to serve as interim chief financial officer until a permanent successor has been named. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. "It's just that to replicate that and get the buying right is no easy task.". 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. The estimated net worth of Jack Sinclair is at least $6.47 million as of December 5th, 2022. Gender. 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. Information on this page was last updated on 12/5/2022. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. 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. "We are extremely excited to have Jack . 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. 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. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. "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. Jack Sinclair named new CEO of Sprouts Farmers Market. Yes, I want event updates and special offers! jack sinclair, sprouts politics. He previous served Kroger since 2012, most recently as vice president of branding, marketing & Our Brands. Corporate Profile During the last year, Sprouts Farmers Market insiders bought shares 1 times. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. 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. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. 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. Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. He came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. Chip . 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. 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. Also, Shon Boney, a founder of the company and a director since 2002, has stepped down from the board. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. .topic-selector fieldset label input:checked ~ .checkmark { background-color: #006326; } Enter your email address below to get our daily insider buying and selling report. Sinclair also will join the companys board. Learn More on Jack Sinclair's salary. ads view date of birth. 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 also announced that Shon Boney is stepping down from the board. /* ----------------------------------------- */ I think as things have evolved over the last few years, people are getting more interested in it, partly because of the health implications of the products and also because people are just more interested in where things come from," he said. 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. Jack Loudon Sinclair is Chief Executive Officer at Sprouts Farmers Markets Inc. See Jack Loudon Sinclair's compensation, career history, education, & memberships. 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. His lengthy experience within discount and grocery should bring significant knowledge to the table, especially in small-format/fresh, as 99 Cents is as produce-focused as you'll get in the dollar channel (and comp growth was quite impressive during his time there), while Walmarts Neighborhood Market format realized considerable unit growth during his final years in charge of all U.S. grocery, Mandeville wrote in a research note released late Thursday. See Jack Sinclair's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. .subscribe-modal { position: fixed; top: 0; top: 50%; transform: translateY(-50%); width: 100%; display: flex; flex-direction: column; background-color: white; padding: 0.75rem; } 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. Follow Jack Sinclair. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. The appointments of Sinclair and Molloy go into effect on Monday, Sprouts said. Sinclair indicted the American system of justice by setting his characters in the context of the prosecution and execution of Sacco and Vanzetti . 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. He earned a bachelor's degree in economics and marketing from the University of Strathclyde in Scotland. Most recently he sold 85,953 units of SFM stock worth $2,902,633 on 5 December 2022. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Lines and paragraphs break automatically. From 2007 to 2015, Jack was the executive vice president of the U.S. 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. Spotlight Francois Chau Meanwhile, Sprouts board member and former PetSmart executive Lawrence Chip Molloy is serving as interim CFO until a permanent successor is named. 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. 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. The company also announced that Brad Lukow, interim co-CEO and CFO has . He also has served on the board of The Hain Celestial Group, a manufacturer and supplier of organic and natural products, since 2017. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. 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 latest from Winsight Grocery Business, sent straight to your inbox. 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. 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. Learn More about insider trades at Sprouts Farmers Market. Herbert Mines Associates New York conducted the executive search for the new chief executive officer of Sprouts Farmers Market, Inc. 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. In addition, Sprouts announced that Shon Boney will step down from the board. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Molloy has served as a member of the companys board of directors since 2013 and has a long-tenured career as a senior financial executive, including serving as chief financial officer of Under Armour, Inc. from 2016 to 2017 and PetSmart, Inc. from 2007 to 2013. Most recently, Sinclair was CEO of 99 Cents Only Stores. The shares were sold at an average price of $33.77, for a transaction totalling $2,902,632.81. Get news highlights delivered directly to your e-mail inbox. ads view marital Status. Discover Opportunities in the New Copper Hotspot. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. 2023 www.azcentral.com. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. 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 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. There are 5 older executives and no younger executives at Sprouts Farmers Market. Kroger and Albertsons merger: What lies ahead? 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. Nielsen and Lukow had been serving as interim co-CEOs since the Dec. 30 departure of CEO Amin Maredia, who left the company to pursue other interests. . Insiders at Sprouts Farmers Market own 0.7% of the company. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } 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 . Before joining Walmart, Sinclair spent 14 years at Safeway PLC in London, where he oversaw operations, merchandising and marketing for more than 450 Safeway supermarkets and convenience stores in the United Kingdom. See if you qualify for a free subscription to our industry leading paper magazine. Related: Sprouts sticking to its expansion game plan. /* ----------------------------------------- */ From December 2007 to April 2015, Mr. Sinclair was the Executive Vice President of the U.S. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose..
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