Sprouts Farmers Market names new CEO
Phoenix-based Sprouts Farmers Market, which offers an array of private brands under its Sprouts brand, appointed Jack L. Sinclair as the company’s CEO and a member of its board of directors.
“We are extremely excited to have Jack Sinclair as our new CEO following a thorough search and selection process by the board of directors,” said Joseph Fortunato, the retailer’s chairman of the board. “Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.”
Sinclair brings to Sprouts more than 35 years of experience in retail and grocery. He has been CEO of 99 Cents Only Stores, a 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. From 2007 to 2015, Sinclair was the executive vice president of the U.S. grocery division of Walmart, where he led all aspects of Walmart’s 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. Sinclair previously spent 14 years at Safeway in London where he was responsible for operations, merchandising and marketing for over 450 Safeway supermarket and convenience store locations throughout the United Kingdom.
“I am humbled and extremely privileged to be appointed CEO of Sprouts Farmers Market,” said Sinclair. “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. I look forward to working with Sprouts’ board of directors, leadership team and all Sprouts team members to continue furthering that purpose.”
Sprouts also announced that Brad Lukow, interim co-CEO and chief financial officer, has resigned to pursue other opportunities. The board has appointed Lawrence P. Molloy to serve as interim chief financial officer until a permanent successor has been named.
In addition, Sprouts announced that Shon Boney will step down from the board. Boney is a founder of the company and has been a board member since 2002.