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. 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. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. 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' commitment to becoming an environmentally-conscious supermarket is closely tied to the demands of its customer base. Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. /* Content Template: template-for-press-releases - end */ Corporate Profile 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. During the last year, insiders at the sold shares 20 times. Accessibility Statement | Privacy | Terms | Transparency, /* ----------------------------------------- */ The employee data is based on information from people who have self-reported their past or current employments at Sprouts Farmers Market. His lengthy experience within discount and grocery should bring significant knowledge to the table, especially in small-format/fresh, as 99 Cents is as produce-focused as you'll get in the dollar channel (and comp growth was quite impressive during his time there), while Walmarts Neighborhood Market format realized considerable unit growth during his final years in charge of all U.S. grocery, Mandeville wrote in a research note released late Thursday. He served as CFO of Under Armour from 2016 to 2017, CFO of PetSmart from 2007 to 2013, and CFO of retail for Circuit City Stores from 2006 to 2007. Executive Summary. 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. Landline number. There are no executives at Sprouts Farmers Market Inc getting paid more. 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. 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. And the sales reflect that. Born. Sign up to have press releases delivered to your inbox. Along with the resignation of Lukow, Sprouts appointed Lawrence (Chip) Molloy as interim CFO until a permanent successor is named. 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. Occupation. Jack Loudon Sinclair is Chief Executive Officer at Sprouts Farmers Markets Inc. See Jack Loudon Sinclair's compensation, career history, education, & memberships. Prior to this role, he served as Sprouts chief merchandising officer since 2018, and joined Sprouts as senior vice president of merchandising services in 2017.

Dave brings more than 20 years of grocery merchandising and leadership experience to Sprouts in both mass and conventional grocery. /* ----------------------------------------- */ He was with the company eight years. 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 is the place where goodness grows. Jack joined Walmart in 2007 from McCurrach, a U.K.-based field merchandising business. .a2a_kit { Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona. 75% of the management team is White. Enter your email address below to get our daily insider buying and selling report. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. Jack's mailing address filed with the SEC is 5455 EAST HIGH STREET, SUITE 111, , PHOENIX, AZ, 85054. Previously, he served as the European development director for SB Capital, partnering with banks, private financiers and private equity houses to assess, advise and implement strategic retail acquisitions. "It's just that to replicate that and get the buying right is no easy task.". Amin Maredia resigned at the end of December, focusing increasingly on direct food deliveries to customers, Your California Privacy Rights / Privacy Policy. 2022 SFM, LLC. 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. 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. A new era has begun at Sprouts Farmers Market following the appointment of veteran food retailer Jack Sinclair as CEO and the departures of CFO Brad Lukow and longtime board member and founder Shon Boney. "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. But British Columbia (BC) is quietly becoming the new copper hotspot. .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; } 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. The estimated Net Worth of Jack Sinclair is at least $20.6 Million dollars as of 5 December 2022. Sprouts Farmers Market's insider roster includes Joel Anderson (Director), Brandon Lombardi (Insider), John Neal (Insider), Gilliam Phipps (CMO), and Jack Sinclair (CEO). 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. PHOENIX, Ariz. - June 20, 2019 - Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that Jack L. Sinclair has been appointed as the company's chief executive officer and a member of its board of directors, effective June 24, 2019. For the past year or so, Sinclair served as CEO of discount retailer 99 Cents Only Stores LLC, which he joined in 2015. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management anticipates, plans, estimates, expects, or believes, or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the companys guidance, outlook, growth and opportunities. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. 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. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. 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. Before that, he spent 14 years with Safeway PLC in London. Sinclair brings to Sprouts over 35 years of experience in retail and grocery. The most recent insider tranaction occured on December, 5th when CEO Jack Sinclair sold 85,953 shares worth more than $2,902,632.81. On average, Jack trades about 19,582 units every 69 days since 2018. Most recently, Sinclair was CEO of 99 Cents Only Stores. 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. 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. Mr. Sinclair is currently 62 years old. 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 board of Sprouts Farmers Market. At a time when specialty chains are struggling, the CEO of the natural foods grocer has laid out a bold roadmap to make Sprouts a smarter and more efficient retailer. What is Jack Sinclair's net worth? The Sprouts Farmers Market executive team is 39% female and 61% male. Accessibility Statement | Privacy | Terms | Transparency. Jack L. Sinclair serves as Chief Executive Officer, Director of the Company. @media screen and (min-width:640px) { They purchased a total of 4,093 shares worth more than $100,196.64. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. 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. The natural andorganic grocer also announced that Shon Boney will step down from the board. 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