Sprouts Farmers Market has hired former Walmart executive Jack Sinclair as CEO and member of the Board of Directors. Additionally, CFO Brad Lukow has resigned, and Lawrence Molloy has been named interim CFO until a permanent successor can be found.
Sinclair has more than 35 years of retail experience, most recently as CEO of 99 Cents Only Stores. He previously served as Chief Merchandising Officer of 99 Cents Only Stores, EVP of the U.S. Grocery Division of Walmart and held leadership positions at Safeway PLC in London.
Sprouts has been without a permanent CEO since December 2018, when Amin Maredia stepped down from the role. Lukow and Jim Nielsen, President and COO, served as co-interim CEOs during this period.
Meanwhile, Molloy has been on the Sprouts Board of Directors for several years, and has served as CFO at Under Armour and PetSmart, as well as interim CEO of Torrid. He also has chaired the audit committee at Sprouts.
In addition to the other executive changes, Sprouts Founder Shon Boney has stepped down from the Board of Directors. He has been a member of the board since 2002.