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. Sprouts Farmers Market, Inc. (NASDAQ:SFM) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ETCompany Participants. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. Jack Sinclair has not been actively trading shares of Sprouts Farmers Market during the last quarter. ads view occupation. 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 came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. 5 things: Is your bakery department the best? That's because copper is critical to the world's shift to renewable energy. 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. Sprouts' commitment to becoming an environmentally-conscious supermarket is closely tied to the demands of its customer base. float: left; 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 The grocer has been conducting a search for a new CEO sinceAmin Marediastepped down from the position on Dec. 30, 2018. Are we on the verge of a new grocery landscape? 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. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. There are no executives at Sprouts Farmers Market Inc getting paid more. "Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. float: right; The most recent insider tranaction occured on December, 5th when CEO Jack Sinclair sold 85,953 shares worth more than $2,902,632.81. Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. 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. 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. The grocer has been conducting a search for a new CEO since Amin Maredia stepped down from the position on Dec. 30, 2018. Exclusive industry info and insights straight to your inbox, Your go-to resource for all things grocery. Learn More about Jack Sinclair's net worth. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. 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 is 47% female and 53% male company-wide. 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. Learn More on Jack Sinclair's trading history. Learn More on Jack Sinclair's trading history. Supermarket News is part of the Informa Connect Division of Informa PLC. From 2007 to 2015, Sinclair was the Executive Vice President of the U.S. 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. 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. This chart shows Jack Sinclair's buying and selling at Sprouts Farmers Market by year and by quarter. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. 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. 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 . 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. .subscribe.subtitle-text { color: #3F2F22; /*font-family: "nexarustscripts-1", open-sans;*/ } Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. Jack Loudon Sinclair is Chief Executive Officer at Sprouts Farmers Markets Inc. See Jack Loudon Sinclair's compensation, career history, education, & memberships. Born. Prior to that, he was chief merchandising officer from 2015 to 2018. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. As of 5 December 2022 he still owns at least 207,638 units of Sprouts Farmers Market Inc stock. 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. He earned a bachelor of arts degree in economics from Brigham Young University. Jack Sinclair corporate profile, background and performance evaluation including other Sprouts Farmers executives } Email address . ads view marital Status. Web page addresses and e-mail addresses turn into links automatically. Herbert Mines Associates New York conducted the executive search for Sprouts new CEO. 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. In addition, Sprouts announced that Shon Boney will step down from the board. From recipe site integrations to interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking. 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. From 2007 to 2015, Jack was the executive vice president of the U.S. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. @media screen and (min-width:640px) { From December 2007 to April 2015, Mr. Sinclair was the Executive Vice President of the U.S. 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. The natural andorganic grocer also announced that Shon Boney will step down from the board. The latest from Winsight Grocery Business, sent straight to your inbox. The estimated Net Worth of Jack Sinclair is at least $20.6 Million dollars as of 5 December 2022. He has been a board member since 2002 and served as CFO from 2002 to 2005, CEO from 2005 to 2012, and chairman from 2012 to 2013. 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. 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. The data presented on this page does not represent the view of Sprouts Farmers Market and its employees or that of Zippia. /* ----------------------------------------- */. He previous served Kroger since 2012, most recently as vice president of branding, marketing & Our Brands. } Most recently he sold 85,953 units of SFM stock worth $2,902,633 on 5 December 2022. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } It is a "documentary novel" that combines the facts of the case with journalistic depictions of actual participants and fictional characters and events. 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. Sinclair indicted the American system of justice by setting his characters in the context of the prosecution and execution of Sacco and Vanzetti . 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. 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. arj barker wife whitney king; why did darcy pay wickham to marry lydia. 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. 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. 8% of employees are Black or African American. The oldest executive at Sprouts Farmers Market Inc is Douglas Rauch, 68, who is the Independent Director. 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. Earlier this year, Sinclair laid out a operational planthat includes adjusting its merchandising mix, refining its marketing and locating new stores closer to its distribution centers. 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. He has responsibility for all aspects of grocery merchandising at more than 4,000 stores in the United States. Jack Sinclair named new CEO of Sprouts Farmers Market. 2022 SFM, LLC. The company also announced that Brad Lukow, interim co-CEO and CFO has resigned. 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. The company also announced that Brad Lukow, interim co-CEO and CFO has . Sprouts Farmers Market, Inc. specializes in fresh, natural and organic products at prices that appeal to everyday grocery shoppers. 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. Jack Sinclair - CEO. Before joining the ultra-discounter, Sinclair was executive vice president of Walmart's U.S. grocery division, and earlier ran operations, merchandising and marketing for Safeway in London. 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. Brad Lukow, the other co-CEO and chief financial officer, assumed sole responsibility at the time but has since resigned to pursue other opportunities. Before joining Sprouts, he was senior vice president of merchandising and marketing for Shaws and Star Market in the northeast area of the country. 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. /* Content Template: template-for-press-releases - start */ Kroger and Albertsons merger: What lies ahead? The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law. Insiders at Sprouts Farmers Market own 0.7% of the company. 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. Most recently, Jack Sinclair sold 85,953 shares of the business's stock in a transaction on Monday, December 5th. ads view current number. 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. Jack Sinclair Appointed Chief Executive Officer, Chip Molloy Appointed Interim Chief Financial Officer. From 2007 to 2015, Sinclair served as . 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. 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. 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. Biden earmarked $226 billion in new infrastructure projects all requiring copper. .subscribe-modal .modal-btn-close { top: -2rem; color: white; } 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. He also has served on the board of The Hain Celestial Group, a manufacturer and supplier of organic and natural products, since 2017. Boney is a founder of the company and has been a board member since 2002. 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