Sprouts Farmers Market Adds Doug Rauch to Its Board of Directors
February 20 2020 - 4:02PM
Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced the
addition of Doug Rauch to its board of directors, effective
February 25, 2020.
“We are thrilled to add Doug to our board of directors,” said
Jack Sinclair, chief executive officer of Sprouts Farmers Market.
“Doug is a seasoned grocery veteran whose decades of experience at
one of the most well-regarded retailers in the industry will be
invaluable to our company as we continue to develop our long-term
strategy.”
Rauch spent 31 years with Trader Joe’s Company, including 14
years as a president. Rauch was instrumental in Trader Joe’s growth
from nine stores in California to a national chain, as well as the
development of its prized buying philosophy and creation of its
unique private label food program. Rauch also founded and serves as
president of Daily Table, an innovative retail concept designed to
bring affordable nutrition to the food insecure in Boston’s inner
city. Rauch was also a founding board member and chief executive
officer of Conscious Capitalism Inc., an organization dedicated to
the practice of business as a force for good, where he continues to
serve as a board member. Rauch currently serves on the board of
directors of PAR Technology Corporation (NYSE: PAR), a leading
provider of point-of-sale technology solutions to restaurants and
retail outlets.
“I am pleased to join the Sprouts board at this exciting time,”
said Rauch. “Sprouts shares my beliefs of making healthy living
affordable to everyday grocery shoppers and conducting its business
in a way that is also good for the planet, and I look forward to
working with the board and management team to help guide the
company’s path forward.”
Corporate Profile
Sprouts Farmers Market, Inc., one the fastest-growing retailers
in the country, has made healthy living accessible to shoppers for
nearly two decades by offering affordable, fresh, natural and
organic products. True to its farmers market heritage, Sprouts is
known for pioneering its unique grocery model by offering a
welcoming store layout featuring fresh produce at the center of the
store, an expansive bulk foods section, and a vitamin department
focused on overall wellness. Sprouts also offers a unique
assortment of healthier products with special attributes, such as
plant-based, gluten-free, keto-friendly, and grass-fed, to meet the
growing and diverse needs of today’s consumer. Headquartered in
Phoenix, Ariz., Sprouts employs more than 30,000 team members and
operates approximately 340 stores in 22 states from coast to coast.
Visit https://about.sprouts.com/ for more information.
Source: Sprouts Farmers Market, Inc.Phoenix, AZ2/20/2020
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Investor
Contact: |
Media
Contact: |
Susannah Livingston |
Diego Romero |
(602) 682-1584 |
(602) 682-3173 |
susannahlivingston@sprouts.com |
media@sprouts.com |
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