As the CEO of Sprouts Farmers Market, Inc., Mr. Sinclair earned a total compensation package of $5,773,120.00 in 2021. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. 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. /* ----------------------------------------- */. 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. 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. 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. Learn More about Jack Sinclair's net worth. Accessibility Statement | Privacy | Terms | Transparency, /* ----------------------------------------- */ Sprouts is one of Arizona's largest employers, with more than 4,500 statewide workers, according to this year's Arizona Republic 100 report. } 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. Yes, I want event updates and special offers! Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Jack Sinclair Appointed Chief Executive Officer, Chip Molloy Appointed Interim Chief Financial Officer. Over the last 9 years, insiders at Sprouts Farmers Market Inc have traded over $2,093,774,778 worth of Sprouts Farmers Market Inc stock and bought 612,643 units worth $11,748,047 @media screen and (min-width:640px) { I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. All rights reserved. The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. The company also announced that Brad Lukow, interim co-CEO and CFO has . 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. 75% of the management team is White. 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. 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. The estimated Net Worth of Jack Sinclair is at least $20.6 Million dollars as of 5 December 2022. Email address . Chip . The Sprouts Healthy Communities Foundation drives lasting change in the health of our communities. /* Content Template: press-release-contact-info - end */ The oldest executive at Sprouts Farmers Market Inc is Douglas Rauch, 68, who is the Independent Director. Previously, Mr. Sinclair served as Chief Executive Officer of 99 Cents Only Stores LLC, a premier discount retailer, from February 2018 to June 2019,and prior to that was its Chief Merchandising Officer from July 2015 to February 2018. Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. .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; } Chart Data in Insider Trading History Table. /* Content Template: template-for-press-releases - end */ They purchased a total of 4,093 shares worth more than $100,196.64. 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. .subscribe-modal .modal-btn-close { top: -2rem; color: white; } Web page addresses and e-mail addresses turn into links automatically. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. float: right; Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. 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. 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 Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. But British Columbia (BC) is quietly becoming the new copper hotspot. 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. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } 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. He joined the 350-store discount chain in July 2015 and was promoted to CEO in February 2018. Number 8860726. .topic-selector [type="submit"] { margin-top: 1rem; padding-left: 2rem; padding-right: 2rem;} Most recently he sold 85,953 units of SFM stock worth $2,902,633 on 5 December 2022. ads view landline number. 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. 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. Get news highlights delivered directly to your e-mail inbox. The company is No. Learn More on Jack Sinclair's trading history. They sold a total of 319,004 shares worth more than $10,118,254.24. Jack Loudon Sinclair is Chief Executive Officer at Sprouts Farmers Markets Inc. See Jack Loudon Sinclair's compensation, career history, education, & memberships. Stay in touch with the latest news from Sprouts! Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. Sprouts also announced that Brad Lukow, interim co-chief executive officer and chief financial officer, has resigned to pursue other opportunities. 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. Show Me Terms and Data Sources 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. Also, Shon Boney, a founder of the company and a director since 2002, has stepped down from the board. Jack Sinclair, our chief executive officer and board member, brings more than 35 years of experience in retail and grocery to Sprouts since joining the company in June 2019. 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. According to the . How Do You Compare? Canada is already known as a miner's paradise. | 2 p.m. The most active insiders traders include Management Holdings Gp, Llc, Joe Fortunato, and Shon A. Boney. From recipe site integrations to interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking. Jack Sinclair named new CEO of Sprouts Farmers Market. Related: Sprouts sticking to its expansion game plan. 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. 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. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. .immediate-release p{ Jack's mailing address filed with the SEC is 5455 EAST HIGH STREET, SUITE 111, , PHOENIX, AZ, 85054. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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. .subscribe-modal { width: 50%; max-width: 640px; left: 50%; transform: translate(-50%, -50%); padding: 3rem; } On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. 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. Following the completion of the sale, the chief executive officer now directly owns 207,638 shares of the company's stock, valued at $7,011,935.26. /* ----------------------------------------- */ 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. 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. 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. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. 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. 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 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. This chart shows Jack Sinclair's buying and selling at Sprouts Farmers Market by year and by quarter. Sign up to have press releases delivered to your inbox. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. From December 2007 to April 2015, Mr. Sinclair was the Executive Vice President of the U.S. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. 2022 SFM, LLC. 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. 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. 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. 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. Discover Opportunities in the New Copper Hotspot. Entire grocery store created from discards, Starbucks, DoorDash will take delivery partnership nationwide, How to save on groceries, even without a store loyalty app, Boost Sales & Customer Engagement with In-Store Testing, The New Technology Every Grocer Needs in 2023, The Friday Checkout: High egg prices have shoppers boiling, Grocery inflation slows again in December, 8 trends that will shape the grocery industry in 2023, Kroger promotes $10 meals during the holidays. He was most recently interim chief executive officer of Torrid LLC in 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 Sprouts Farmers Market 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 oversees new format development, real estate site selection, construction, and merchant services. Jack earned a bachelor's degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. Most recently, Jack Sinclair sold 85,953 shares of the business's stock in a transaction on Monday, December 5th. See Jack Sinclair's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. 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. Registered in England and Wales. Sprouts sticking to its expansion game plan, Sprouts turns in double-digit sales gain for Q1, Allowed HTML tags: . None of the information on this page has been provided or approved by Sprouts Farmers Market. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. Sprouts Farmers Market is 47% female and 53% male company-wide. Prior to that, he was chief merchandising officer from 2015 to 2018. In 2019, the chain will make its debut in another three states: Louisiana, New Jersey and Virginia. Neal served Walmart over a 24 year career, including as vice president - divisional merchandising manager of meat from 2009 to 2011, vice president - divisional merchandising manager of commercial bread and bakery from 2007 to 2009, and vice president of international merchandising from 2000 to 2007.
Neal has also served as a member of the board of directors of Feeding America since 2016. 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. 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. Get notified the next time Jack Sinclair buys or sells Sprouts Farmers Market stock. Susannah Livingston - VP of IR and Treasury. The corporate mailing address for Mr. Sinclair and other Sprouts Farmers Market executives is 5455 EAST HIGH STREET SUITE 111, PHOENIX AZ, 85054. 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 . .subscribe-modal-container { position: fixed; top: 0; left: 0; z-index: 1000; height: 100%; width: 100%; background-color: rgba(0, 0, 0, 0.7); } Boston is a novel by Upton Sinclair. From 2007 to 2015, Jack 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.. 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. Amin Maredia resigned at the end of December after three years as CEO. Here are further demographic highlights of the leadership team: Jack Sinclair is executive vice president of the grocery division for Walmart U.S. 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. That's because copper is critical to the world's shift to renewable energy. 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. 2022 SFM, LLC. 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. Follow Jack Sinclair. From 2001 to 2012, Gil led branding, innovation and product development roles at H-E-B. Sprouts Farmers Market CEO and Leadership, Desert Schools Federal Credit Union Executives, Desert Schools Federal Credit Union Jobs Near Me, Requirements Manager jobs at Sprouts Farmers Market, Produce Manager jobs at Sprouts Farmers Market, Store Manager jobs at Sprouts Farmers Market, Administrative Coordinator jobs at Sprouts Farmers Market, Training Manager jobs at Sprouts Farmers Market, Deli Clerk jobs at Sprouts Farmers Market, Produce Clerk jobs at Sprouts Farmers Market, Seafood Clerk jobs at Sprouts Farmers Market, Courtesy Clerk jobs at Sprouts Farmers Market, Head Cashier jobs at Sprouts Farmers Market, Bakery Clerk jobs at Sprouts Farmers Market, Shop Clerk jobs at Sprouts Farmers Market, The Sprouts Farmers Market executive team is. 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. Information on this page was last updated on 12/5/2022. Molloy was interim CEO of Torrid LLC during 2018. .a2a_kit { 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. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. 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. Sinclair also will join the companys board. 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. 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. Sinclair has 35 years of experience in grocery and retail, previously serving as CEO of 99 Cents Only Stores. 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. 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. Enter your email address below to get our daily insider buying and selling report. The appointments of Sinclair and Molloy go into effect on Monday, Sprouts said. Optional Caption Courtesy of Sprouts Farmers Market 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. 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. Mr. Sinclair has served as our Chief Executive Officer since June 2019. By signing up to receive our newsletter, you agree to our, Webinar 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. The most recent stock trade was executed by Jack Sinclair on 5 December 2022, trading 85,953 units of SFM stock currently worth $2,902,633. ads view current number. Consumers want multicultural products. /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.
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