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. .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } In 2018, the fresh, natural and organic grocer opened 30 stores, and this year it aims to open another 28. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. From 2007 to 2015, Sinclair served as . Dave McGlinchey has served as our chief format officer since February 2020. He was previously senior vice president and general merchandise manager for the fresh food division of Walmart U.S., where he oversaw quality control and merchandising of produce, meat and seafood. ads view date of birth. 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. 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. 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. From 2007 to 2015, Sinclair was the Executive Vice President of the U.S. He has been chief executive officer of 99 Cents Only Stores LLC, a premier discount retailer with over 350 locations in the United States, since 2018 and prior to that was its chief merchandising officer from 2015 to 2018. /* Content Template: press-release-contact-info - start */ As the CEO of Sprouts Farmers Market, Inc., Mr. Sinclair earned a total compensation package of $5,773,120.00 in 2021. The shares were sold at an average price of $33.77, for a transaction totalling $2,902,632.81. in Global Business from Arizona State University. That's because copper is critical to the world's shift to renewable energy. 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. The U.S. is awaking to a "passion for food" that other countries already have,Sinclair said as he reflected on his prior experience working in the grocery industry in the United Kingdom. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. Sprouts Farmers Market has named former Walmart grocery executive Jack Sinclair (left) as chief executive officer, filling a leadership vacancy arising from the exit of its previous CEO and the medical leave of its chief operating officer. 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. According to Jefferies analyst Christopher Mandeville, Sinclair brings a skill set thats well-matched to those of Sprouts remaining C-suite. 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. Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. What is Jack Sinclair's net worth? } 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. VIEW FULL REPORT . Sinclair indicted the American system of justice by setting his characters in the context of the prosecution and execution of Sacco and Vanzetti . Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. 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. 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. From 2007 to 2015, Jack was the executive vice president of the U.S. Sprouts also announced that Brad Lukow, interim co-chief executive officer and chief financial officer, has resigned to pursue other opportunities. Joseph Fortunato, chairman of Sprouts' board of directors, cited Sinclair's experience in grocery and general merchandising as an important factor in his selection. The estimated net worth of Jack Sinclair is at least $6.47 million as of December 5th, 2022. Sinclair also spent 14 years at Safeway PLC in London, overseeing merchandising and other operations for more than 450 of Safeway's British stores. None of the information on this page has been provided or approved by Sprouts Farmers Market. Brandon leads the companys Legal, Business Protection and Safety, Licensing and Permitting, and Corporate Social Responsibility departments.
Prior to joining Sprouts, Brandon was a corporate and securities attorney at the international law firm of Greenberg Traurig, LLP from 2002 to 2012. /* Content Template: template-for-press-releases - start */ .subscribe-modal .modal-btn-close { top: -2rem; color: white; } There are no executives at Sprouts Farmers Market Inc getting paid more. Learn More about insider trades at Sprouts Farmers Market. Canada is already known as a miner's paradise. 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. 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. 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 This net worth estimate does not reflect any other assets that Mr. Sinclair may own. Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. Sinclair brings to Sprouts over 35 years of experience in retail and grocery. The estimated Net Worth of Jack Sinclair is at least $20.6 Million dollars as of 5 December 2022. Were going to be putting ourselves in a place where weve got exceptional value in our produce and everyday products.. Kroger and Albertsons merger: What lies ahead? 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. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. 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 succeeded J. Douglas Sanders, who served as CEO following Sprouts' emergence as a public corporation in August 2013. 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. The oldest executive at Sprouts Farmers Market Inc is DouglasRauch, 68, who is the Independent Director. | 2 p.m. 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. The corporate mailing address for Mr. Sinclair and other Sprouts Farmers Market executives is 5455 EAST HIGH STREET SUITE 111, PHOENIX AZ, 85054. A seasoned retail CFO, Molloy has been a Sprouts board member since 2013. In addition, Sprouts announced that Shon Boney will step down from the board. .subscribe-modal { width: 50%; max-width: 640px; left: 50%; transform: translate(-50%, -50%); padding: 3rem; } 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. 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 became CEO of Sprouts Farmers Market on June 24, 2019. 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. Chart Data in Insider Trading History Table. 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. 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 recipe site integrations to interactive videos, the retailer has embraced partnerships that aim to boost inspiration and ease for at-home cooking. The company also announced that Brad Lukow, interim co-CEO and CFO has resigned. He came to Sproutsfrom 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. ads view marital Status. Learn More on Jack Sinclair's contact information. 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. Corporate Profile "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. 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. 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. Mobile number. Visit about.sprouts.com for more information. Prior to that, he was chief merchandising officer from 2015 to 2018. 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. Jack joined Walmart in 2007 from McCurrach, a U.K.-based field merchandising business. Occupation. With the move, announced late Thursday, Sprouts said that Brad Lukow, interim co-CEO and chief financial officer, has resigned from the company to pursue other opportunities. The Phoenix-based specialty grocers board has appointed Lawrence Chip Molloy as interim CFO until a permanent successor is named. Learn More on Sprouts Farmers Market's active insiders. Stay in touch with the latest news from Sprouts! 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. Also known as: Mr Jack Sinclair . Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. 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. .checkmark { position: absolute; top: 0; left: 0; height: 25px; width: 25px; background-color: #eee; } 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. float: right; 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. Specializing in fresh, natural and organic products,Sproutsemploys more than 30,000 associates and operates 300-plus stores in 19states. 2022 SFM, LLC. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Jack Sinclair corporate profile, background and performance evaluation including other Sprouts Farmers executives Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. He earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. Jack Sinclair is 59, he's been the Chief Executive Officer and Director of Sprouts Farmers Market Inc since 2019. 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. Sprouts also announced that Shon Boney is stepping down from the board. 7% of the management team is Hispanic or Latino. 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. .topic-selector input[type="text"], .topic-selector input[type="email"] { background-color: #F7F7F7; } 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. The data presented on this page does not represent the view of Sprouts Farmers Market and its employees or that of Zippia. Related: Sprouts sticking to its expansion game plan. Sprouts Farmers Market is 47% female and 53% male company-wide. @media screen and (min-width:640px) { Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $7,007,783 as of December 10th. Learn More on Jack Sinclair's salary.
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