Enter your email address below to get our daily insider buying and selling report. Kroger and Albertsons merger: What lies ahead? As of 5 December 2022 he still owns at least 207,638 units of Sprouts Farmers Market Inc stock. 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. Exclusive industry info and insights straight to your inbox, Your go-to resource for all things grocery. Learn More on Jack Sinclair's trading history. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. The grocer has been conducting a search for a new CEO since Amin Maredia stepped down from the position on Dec. 30, 2018. 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. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, Sinclair stated. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. He led our April 2011 merger with Henrys Farmers Market while acting as our outside counsel.

Brandon holds a Juris Doctor from the Sandra Day OConnor College of Law at Arizona State University and a B.S. 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, Fortunato said. They sold a total of 319,004 shares worth more than $10,118,254.24. Landline number. 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. In early May, Lukow (left) reported during Sprouts first-quarter earnings call that President and COO Jim Nielsen was taking a medical leave of absence. Insiders at Sprouts Farmers Market own 0.7% of the company. float: right; .topic-selector fieldset input:checked ~ .checkmark:after { display: block; } Learn More about insider trades at Sprouts Farmers Market. During the last year, insiders at the sold shares 20 times. Sprouts in early May said Jim Nielsen, who had been appointed interim co-CEO, while also serving as president and chief operating officer, had taken a medical leave of absence. "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. 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. Get notified the next time Jack Sinclair buys or sells Sprouts Farmers Market stock. 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. See if you qualify for a free subscription to our industry leading paper magazine. Brad Lukow, the other co-CEO and chief financial officer, assumed sole responsibility at the time but has since resigned to pursue other opportunities. The CEO of Sprouts Farmers Market is Jack Loudon Sinclair. The grocer has been conducting a search for a new CEO sinceAmin Marediastepped down from the position on Dec. 30, 2018. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. Yes, I want event updates and special offers! What is Jack Sinclair's net worth? For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. 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. 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 grocer has been conducting a search for a new CEO since, Sprouts to Open 13 Stores in Second Half of 2019, Sprouts to Enter 3 More States, Enhance More Store Designs in Q2, PCC Marks 70th Year With Improvements, Activities, Perks, Walmart Expands Associate-to-Driver Program Pilot. By signing up to receive our newsletter, you agree to our, Webinar Discover Opportunities in the New Copper Hotspot. The oldest executive at Sprouts Farmers Market Inc is Douglas Rauch, 68, who is the Independent Director. According to Jefferies analyst Christopher Mandeville, Sinclair brings a skill set thats well-matched to those of Sprouts remaining C-suite. 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. 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. 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. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. .a2a_kit { Born. Biden earmarked $226 billion in new infrastructure projects all requiring copper. /* ----------------------------------------- */ 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. Prior to that, he was chief merchandising officer from 2015 to 2018. 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. Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. 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. He came to Sproutsfrom 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. "I think it's a very sound idea that he's doing to kind of bring back the farmers markets and to get back to the roots of the company," he said. Related: Sprouts turns in double-digit sales gain for Q1, 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 Sprouts Chairman Joseph Fortunato. 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. The estimated Net Worth of Jack Sinclair is at least $20.6 Million dollars as of 5 December 2022. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Canada is already known as a miner's paradise. Sprouts also announced that Shon Boney is stepping down from the board. The natural andorganic grocer also announced that Shon Boney will step down from the board. He was most recently interim chief executive officer of Torrid LLC in 2018. 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. 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. Sign up to receive texts from Winsight Grocery Business. Changes to the grocery landscape will continue, shaped by both macroeconomic factors (such as supply chain challenges and inflation) and mercurial customer preferences. Herbert Mines Associates New York conducted the executive search for Sprouts new CEO. The Sprouts Farmers Market executive team is 39% female and 61% male. From recipe site integrations to interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Here are further demographic highlights of the leadership team: The Sprouts Farmers Market executive team is 39% female and 61% male. .subscribe-modal { position: fixed; top: 0; top: 50%; transform: translateY(-50%); width: 100%; display: flex; flex-direction: column; background-color: white; padding: 0.75rem; } 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. 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. On average, Jack trades about 19,582 units every 69 days since 2018. 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. .topic-selector fieldset label input:checked ~ .radio { background-color: black } /* Content Template: template-for-press-releases - start */ Sprouts Farmers Market, Inc. (NASDAQ:SFM) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ETCompany Participants. .topic-selector label > input { margin-bottom: 0; opacity: 1; cursor: pointer; } The data presented on this page does not represent the view of Sprouts Farmers Market and its employees or that of Zippia. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Sprouts is one of Arizona's largest employers, with more than 4,500 statewide workers, according to this year's Arizona Republic 100 report. 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. 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. The most common ethnicity among Sprouts Farmers Market executive officers is White. Sinclair will become the third permanent CEO in four years at the helm of the Phoenix-based organic-foods retailer, which reported a soft first quarter and has seen its stock price slip about 20% so far in 2019. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. Last updated: 7 December 2022 at 6:15pm EST. Related: Sprouts sticking to its expansion game plan. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. 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. A seasoned retail CFO, Molloy has been a Sprouts board member since 2013. /* ----------------------------------------- */ Before joining Sprouts Farmers, Jack Sinclair was the CEO at 99 Cents Only Stores. 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. Meanwhile, Sprouts board member and former PetSmart executive Lawrence Chip Molloy is serving as interim CFO until a permanent successor is named. Sinclair also will join the companys board. 2023 www.azcentral.com. 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. .topic-selector fieldset .checkmark:after, .topic-selector fieldset .radio:after { content: ""; position: absolute; display: none; } The shares were sold at an average price of $33.77, for a transaction totalling $2,902,632.81. 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. 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. 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. The board has appointed Lawrence (Chip) P. Molloy to serve as interim chief financial officer until a permanent successor has been named. Are we on the verge of a new grocery landscape? generator' object has no attribute take how to call someone on stage for recitation Also, Shon Boney, a founder of the company and a director since 2002, has stepped down from the board. Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. '", Get the free daily newsletter read by industry experts. Learn More about Jack Sinclair's net worth. Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. Gender. Jack Loudon Sinclair Age : 60 Public asset : 6,125,321 USD Linked companies : Sprouts Farmers Market, Inc. Summary Currently, Jack Loudon Sinclair is Chief Executive Officer & Director at Sprouts Farmers Market, Inc. Mr. Sinclair is also on the board of Federal Reserve Bank of San Francisco, Food Marketplace, Inc. and Meltz LLC. .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; } "It's just that to replicate that and get the buying right is no easy task.". 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. 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. Most recently, Jack Sinclair sold 85,953 shares of the business's stock in a transaction on Monday, December 5th. 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. He earned a bachelor's degree in economics and marketing from the University of Strathclyde in Scotland. "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. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. But British Columbia (BC) is quietly becoming the new copper hotspot. .subscribe-modal h2 { text-transform: uppercase; font-size: 2rem; font-family: "supernett-cn"; } 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. Consumers want multicultural products. The grocer plans to introduce a new store format next year that is 20% smaller than the 30,000-square-foot footprints typical Sprouts stores occupy today, yet is expected to bring in a comparable level of revenue. 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. Sinclair also spent 14 years at Safeway PLC in London, overseeing merchandising and other operations for more than 450 of Safeway's British stores. 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. During the last year, Sprouts Farmers Market insiders bought shares 1 times. 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. 7% of the management team is Hispanic or Latino. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. 5 things: Is your bakery department the best? 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. | 2 p.m. Learn More about Jack Sinclair's net worth. Mr. Sinclair has served as our Chief Executive Officer since June 2019. 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. Previously, Sinclair served as executive vice president of the U.S. grocery division of Walmart, which is focusing increasingly on direct food deliveries to customers through its network of more than 4,000 stores. Jack L. Sinclair serves as Chief Executive Officer, Director of the Company. Sprouts Farmers Market's insider roster includes Joel Anderson (Director), Brandon Lombardi (Insider), John Neal (Insider), Gilliam Phipps (CMO), and Jack Sinclair (CEO). Sinclair previously 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. v. t. e. William James O'Reilly Jr. [1] (born September 10, 1949) is an American conservative commentator, [2] [3] journalist, author, and television host. Jack joined Walmart in 2007 from McCurrach, a U.K.-based field merchandising business. He also has served on the board of The Hain Celestial Group, a manufacturer and supplier of organic and natural products, since 2017. All rights reserved. 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. Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $7,007,783 as of December 10th. .topic-selector [type="submit"] { margin-top: 1rem; padding-left: 2rem; padding-right: 2rem;} Get todays need-to-know grocery industry intelligence. Jack Sinclair named new CEO of Sprouts Farmers Market, COO Nielsen, CFO Lukow to serve as interim co-CEOs, Locations will be in Southeast, Eastern regions, Grocer will open 9 stores total during the period, Grocer experiences 2.3% increase in store comps. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. From 2007 to 2015, Jack was the executive vice president of the U.S. Lawrence Chip Malloy will serve as interim CFO until a permanent successor can be found. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. He earned a bachelor of arts degree in economics from Brigham Young University. 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. 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. The latest from Winsight Grocery Business, sent straight to your inbox. Most recently, Sinclair was CEO of 99 Cents Only Stores. Sinclair indicted the American system of justice by setting his characters in the context of the prosecution and execution of Sacco and Vanzetti . Along with the resignation of Lukow, Sprouts appointed Lawrence (Chip) Molloy as interim CFO until a permanent successor is named. 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. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Learn More on Jack Sinclair's age. He came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. 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. Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. ads view landline number. See Jack Sinclair's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. 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 earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. ads view current number. 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. All rights reserved. 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. 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. .topic-selector fieldset > label:hover input ~ .checkmark, .topic-selector fieldset > label:hover input ~ .radio { background-color: #ccc; } Show Me Terms and Data Sources Podcast: How inflation is affecting pricing strategy. 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. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. The leadership flux comes as Sprouts pursues an aggressive growth strategy. 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. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Sprouts' commitment to becoming an environmentally-conscious supermarket is closely tied to the demands of its customer base. 22 onProgressive Grocers 2019Super 50 list ofthe top grocers in the United States. 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. Also known as: Mr Jack Sinclair . Dave McGlinchey has served as our chief format officer since February 2020. Sprouts is the place where goodness grows. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. Was most recently, Sinclair stated purpose-driven people ( Chip ) P. Molloy to serve as interim CFO a... To interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for cooking! 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