From 2007 to 2015, Jack was the executive vice president of the U.S. Optional Caption Courtesy of Sprouts Farmers Market Sign up to receive texts from Winsight Grocery Business. /* Content Template: template-for-press-releases - start */ Listen in to WGBs flagship podcast, 10 Items or Less, featuring insights from retailers and industry professionals. Jack Sinclair from Boston, MA. The board has appointed Lawrence (Chip) P. Molloy to serve as interim chief financial officer until a permanent successor has been named. .topic-selector label > input { margin-bottom: 0; opacity: 1; cursor: pointer; } In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. Discover Opportunities in the New Copper Hotspot. 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. float: right; 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. 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. Scott Mushkin, who follows Sprouts as CEO of R5 Capital, said Sprouts has to execute on a number of fronts to fully achieve Sinclair's aspirations. 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. Visit about.sprouts.com for more information. Sinclair brings decades of retail experience with him to the new role and with Sprouts' ambitious growth plan, Sinclair will have to hit the ground running."I am humbled and extremely privileged to be appointed generator' object has no attribute take how to call someone on stage for recitation 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. Podcast: How inflation is affecting pricing strategy. Most recently, Sinclair was CEO of 99 Cents Only Stores. He also has served on the board of The Hain Celestial Group, a manufacturer and supplier of organic and natural products, since 2017. The CEO of Sprouts Farmers Market is Jack Loudon Sinclair. 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 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. 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 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. From December 2007 to April 2015, Mr. Sinclair was the Executive Vice President of the U.S. Jack Sinclair - CEO. Supermarket News is part of the Informa Connect Division of Informa PLC. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. /* ----------------------------------------- */ 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. He succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. "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. Get news highlights delivered directly to your e-mail inbox. 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. Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. 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. In 2019, the chain will make its debut in another three states: Louisiana, New Jersey and Virginia. He came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. The data presented on this page does not represent the view of Sprouts Farmers Market and its employees or that of Zippia. 22 onProgressive Grocers 2019Super 50 list ofthe top grocers in the United States. 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. As the CEO of Sprouts Farmers Market, Inc., Mr. Sinclair earned a total compensation package of $5,773,120.00 in 2021. 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. See Jack Sinclair's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. 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. 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. 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. Learn More on Jack Sinclair's contact information. And the sales reflect that. Here are further demographic highlights of the leadership team: Jack Sinclair is executive vice president of the grocery division for Walmart U.S. According to the . 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. Jack earned a bachelor's degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. 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. 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. 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. All rights reserved. He also previously was EVP of the U.S. grocery division for Walmart, where he led all aspects of the mass retailers grocery business and was instrumental in the divisions growth through a focus on local assortment and fresh foods. 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. He earned a bachelor of arts degree in economics from Brigham Young University. The company is No. 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. How Do You Compare? 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. 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. Based on our data team's research, Jack Loudon Sinclair is the Sprouts Farmers Market's CEO. Occupation. Chart Data in Insider Trading History Table. 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. That's because copper is critical to the world's shift to renewable energy. .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 Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Jack Sinclair corporate profile, background and performance evaluation including other Sprouts Farmers executives 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. Sprouts entered three new states Pennsylvania, Washington and South Carolina and passed the 300-store mark last year. .topic-selector fieldset label input:checked ~ .radio { background-color: black } Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. 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. 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. 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. 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. .subscribe-modal-container { position: fixed; top: 0; left: 0; z-index: 1000; height: 100%; width: 100%; background-color: rgba(0, 0, 0, 0.7); } 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. This chart shows Jack Sinclair's buying and selling at Sprouts Farmers Market by year and by quarter. 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. Sinclair also will join the companys board. Canada is already known as a miner's paradise. during the companys third-quarter earnings call in October. Despite his background,Sinclair has no intention of letting Sprouts lose its edge by moving toward more traditional grocers. Stay in touch with the latest news from Sprouts! He was most recently interim chief executive officer of Torrid LLC in 2018. Sprouts is one of Arizona's largest employers, with more than 4,500 statewide workers, according to this year's Arizona Republic 100 report. Show Me Terms and Data Sources Spotlight Francois Chau He earned a bachelor of arts degree in English and philosophy from The University of Texas at Austin. He is also on the board of Federal Reserve Bank of San Francisco, Food . Prior to that, he was chief merchandising officer from 2015 to 2018. Molloy was interim CEO of Torrid LLC during 2018. But British Columbia (BC) is quietly becoming the new copper hotspot. ET, Sprouts sharpens efforts to combat hunger as it donates $1.6M, The grocery tech graveyard: 5 recent innovations that got buried, How Walmart is experimenting with shoppable content, How Kroger, Whole Foods are upgrading labor management, H-E-B outpaces Texas grocers in foot traffic, How The Fresh Market evaluates tech partnerships, Albertsons proceeds with $4B dividend after prevailing in latest court battle, Why You Should Digitize Your Retail Supply Chain & Logistics, Plastic as art? Sprouts Farmers Market CEO talks strategy and the future Jack Sinclair pinpointed innovation, smaller stores and a more targeted audience as steps to help define the natural retailer's path. 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. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Male . Lines and paragraphs break automatically. Brandon Lombardi serves as chief legal officer at Sprout. 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. Herbert Mines Associates New York conducted the executive search for the new chief executive officer of Sprouts Farmers Market, Inc. .a2a_kit { Kroger and Albertsons merger: What lies ahead? 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. 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. Learn More on Jack Sinclair's trading history. Learn More about Jack Sinclair's net worth. 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. 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. Corporate Profile 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. 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. He oversees new format development, real estate site selection, construction, and merchant services. Get notified the next time Jack Sinclair buys or sells Sprouts Farmers Market stock. 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. .subscribe-modal .modal-btn-close { top: -2rem; color: white; } "It's just that to replicate that and get the buying right is no easy task.". Jack joined Walmart in 2007 from McCurrach, a U.K.-based field merchandising business. 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. What is Jack Sinclair's net worth? 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. 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. 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. 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. 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. Sign up to have press releases delivered to your inbox. 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