Mr. Sinclair served on the board of directors of The Hain Celestial Group (NASDAQ: HAIN), a leading marketer, manufacturer and seller of organic and natural products, from September 2017 to June 2019. .immediate-release p{ Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. It is a "documentary novel" that combines the facts of the case with journalistic depictions of actual participants and fictional characters and events. Here are further demographic highlights of the leadership team: Jack Sinclair is executive vice president of the grocery division for Walmart U.S. 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. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. Prior to that, he was chief merchandising officer from 2015 to 2018. 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. Prior to that, he led various levels of branding and product development at Hormel Foods. . Related: Sprouts sticking to its expansion game plan. From 2007 to 2015, Sinclair served as . Today's stock market news features a Robotics stock with blue sky potential. Also, Shon Boney, a founder of the company and a director since 2002, has stepped down from the board. This chart shows Jack Sinclair's buying and selling at Sprouts Farmers Market by year and by quarter. 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 employee data is based on information from people who have self-reported their past or current employments at Sprouts Farmers Market. 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. All rights reserved. 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. /* Content Template: template-for-press-releases - end */ .topic-selector label > input { margin-bottom: 0; opacity: 1; cursor: pointer; } 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. 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. 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.
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. 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. Additionally, Mr. Sinclair receives a salary of $1,590,000.00 as CEO at Sprouts Farmers Market. 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 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. Sprouts Farmers Market is 47% female and 53% male company-wide. Biden earmarked $226 billion in new infrastructure projects all requiring copper. Boney is a co-founder of Sprouts, which opened its first store in 2002. From 2007 to 2015, Sinclair was the Executive Vice President of the U.S. "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. 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. 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. Chip . Sprouts also announced that Shon Boney is stepping down from the board. Joseph Fortunato, chairman of Sprouts' board of directors, cited Sinclair's experience in grocery and general merchandising as an important factor in his selection. Jack Sinclair has not been actively trading shares of Sprouts Farmers Market during the last quarter. 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. 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. 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 . Jack earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. 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. Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616. 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. 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. 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. 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 /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. 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. Learn More on Jack Sinclair's trading history. Mobile number. That's because copper is critical to the world's shift to renewable energy. The board has appointed Lawrence (Chip) P. Molloy to serve as interim chief financial officer until a permanent successor has been named. 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. According to the . Learn More about Jack Sinclair's net worth. 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. Last updated: 7 December 2022 at 6:15pm EST. 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. Mr. Sinclair is currently 62 years old. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. .topic-selector fieldset label input:checked ~ .checkmark { background-color: #006326; } .radio { position: absolute; top: 50%; left: 0; transform: translate(25%, -50%); height: 15px; width: 15px; border: solid black; border-radius: 50%; } 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. 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. Jack Sinclair from Boston, MA. Sprouts Farmers Market named Jack Sinclair its new CEO and board member, effective June 24, 2019. He was with the company eight years. Spotlight Francois Chau There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. 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. As of January 2, 2022, it operated 374 stores in 23 states. 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. 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. 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. | 2 p.m. 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. Before joining Walmart, Sinclair spent 14 years at Safeway PLC in London, where he oversaw operations, merchandising and marketing for more than 450 Safeway supermarkets and convenience stores in the United Kingdom. Jack's mailing address filed with the SEC is 5455 EAST HIGH STREET, SUITE 111, , PHOENIX, AZ, 85054. Supermarket News is part of the Informa Connect Division of Informa PLC. Sprouts sticking to its expansion game plan, Sprouts turns in double-digit sales gain for Q1, Allowed HTML tags:
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