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Editor’s note: This story is developing and will be updated.
Dive Brief:
- Sprouts Farmers Market announced Tuesday that Jack Sinclair, who has served as the specialty grocer’s CEO since 2019, will step down from the top role on Jan. 4 and become the chain’s executive chairman.
- Nick Konat, Sprouts’ president and chief operating officer, will become CEO and join the board of directors at that time. Konat joined Sprouts in 2022 and was previously a grocery executive with Target.
- The CEO succession comes as Sprouts continues to expand its presence in markets including the Northeast and proceeds with new initiatives, such as its loyalty program.
