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. Learn More on Jack Sinclair's trading history. The company is No. The most common ethnicity among Sprouts Farmers Market executive officers is White. True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. The new locations will have an even stronger emphasis on fresh fruits and vegetables than current Sprouts stores, which are distinguished by their centrally positioned produce section, and will place less emphasis on often-costly design features, like meat, seafood and deli counters. In 2019, the chain will make its debut in another three states: Louisiana, New Jersey and Virginia. ads view marital Status. Sprouts also announced that Brad Lukow, interim co-chief executive officer and chief financial officer, has resigned to pursue other opportunities. /* ----------------------------------------- */. From 2007 to 2015, Sinclair served as executive vice president of Walmarts U.S. grocery division. 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. Zippia gives an in-depth look into the details of Sprouts Farmers Market, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sprouts Farmers Market. 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. ads view occupation. Born. What is Jack Sinclair's net worth? Changes to the grocery landscape will continue, shaped by both macroeconomic factors (such as supply chain challenges and inflation) and mercurial customer preferences. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. 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. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. 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 . He came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. And the sales reflect that. 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. Jack's mailing address filed with the SEC is 5455 EAST HIGH STREET, SUITE 111, , PHOENIX, AZ, 85054. 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. 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. Here are further demographic highlights of the leadership team: The Sprouts Farmers Market executive team is 39% female and 61% male. .topic-selector .checkmark:after { left: 8px; top: 4px; width: 8px; height: 13px; border: solid white; border-width: 0 3px 3px 0; -webkit-transform: rotate(45deg); -ms-transform: rotate(45deg); transform: rotate(45deg); } Enter your email address below to get our daily insider buying and selling report. Accessibility Statement | Privacy | Terms | Transparency, /* ----------------------------------------- */ He served as CFO of Under Armour from 2016 to 2017, CFO of PetSmart from 2007 to 2013, and CFO of retail for Circuit City Stores from 2006 to 2007. /* ----------------------------------------- */ 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. 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. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. Sprouts Farmers Market is 47% female and 53% male company-wide. during the companys third-quarter earnings call in October. During the last year, Sprouts Farmers Market insiders bought shares 1 times. During his eight-yeargrocery EVP tenure at Walmart, Sinclair led all aspects of the U.S. grocery business at its more than 4,000 stores, when the retailers focus on fresh foods and local assortment came into its own. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. Get todays need-to-know grocery industry intelligence. Most recently, Sinclair was CEO of 99 Cents Only Stores. float: left; Learn More on Sprouts Farmers Market's active insiders. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. "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. /* ----------------------------------------- */ Jack Sinclair from Boston, MA. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. /* ----------------------------------------- */ Typically, in the grocery business, when sales and store traffic are down, an easy fix is having a big sale to bring in more customers and have them spend more, but Jack Sinclair, the CEO of . I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. 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. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. Jack Sinclair Sprouts Farmers Market, Inc. (SFM) Phoenix, AZ Total Compensation for Fiscal Year Ending in 2022: $5,773,120 Sprouts Farmers Market, Inc. disclosed its CEO pay was 242 times its median employee's pay for the fiscal year ending in 2022. Stay in touch with the latest news from Sprouts! It is a "documentary novel" that combines the facts of the case with journalistic depictions of actual participants and fictional characters and events. Kroger and Albertsons merger: What lies ahead? Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. From December 2007 to April 2015, Mr. Sinclair was the Executive Vice President of the U.S. O'Reilly's broadcasting career began during the late 1970s and 1980s, when he reported for local television stations in the United States and later for CBS News and ABC News. /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. The latest from Winsight Grocery Business, sent straight to your inbox. 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. 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 expansion plan amid stiff grocery competition. Herbert Mines Associates New York conducted the executive search for the new chief executive officer of Sprouts Farmers Market, Inc. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Sprouts Farmers Market's insider roster includes Joel Anderson (Director), Brandon Lombardi (Insider), John Neal (Insider), Gilliam Phipps (CMO), and Jack Sinclair (CEO). Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. .subscribe-modal .modal-btn-close { top: -2rem; color: white; } 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 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. 5 things: Is your bakery department the best? Sinclair also will join the companys board. Registered in England and Wales. From 2007 to 2015, Jack was the executive vice president of the U.S. He is also on the board of Federal Reserve Bank of San Francisco, Food . .topic-selector fieldset > label:hover input ~ .checkmark, .topic-selector fieldset > label:hover input ~ .radio { background-color: #ccc; } 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. A seasoned retail CFO, Molloy has been a Sprouts board member since 2013. Listen in to WGBs flagship podcast, 10 Items or Less, featuring insights from retailers and industry professionals. 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. 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. 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. The most recent insider tranaction occured on December, 5th when CEO Jack Sinclair sold 85,953 shares worth more than $2,902,632.81. Visit about.sprouts.com for more information. In this, 1101 New York Ave NW, Washington, DC 20005, North American grocery retailing trends for 2023. 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. 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. 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. Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. Sprouts Farmers Market, Inc. specializes in fresh, natural and organic products at prices that appeal to everyday grocery shoppers. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. 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. 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. All rights reserved. In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. 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,. 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. Show Me Terms and Data Sources With more than 35 years of experience in the retail and grocery industries, Sinclair most recently had been CEO of 99 Cents Only Stores LLC, a discount retailer with more than 350 locations in the United States, since 2018;prior to that, from 2015 to 2018, he wasthe Commerce, Calif.-based discounters chief merchandising officer.
Piankatank River Fishing Report, 9 De Pique Association, Can Asylum Seekers Work In Luxembourg, Articles J