Sprouts Farmers Market, Inc. Announces New Chief Financial Officer
January 07 2020 - 4:30PM
Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that
Denise Paulonis will join the company as chief financial officer,
effective February 21, 2020. Paulonis most recently served as
executive vice president and chief financial officer of The
Michaels Companies (Nasdaq: MIK), the largest arts and crafts
specialty retailer in North America, and brings more than
twenty-five years of experience in finance, accounting, investor
relations, corporate strategy, tax, treasury, supply chain, and
risk management.
“We are absolutely delighted to welcome Denise to Sprouts as our
new CFO,” said Jack Sinclair, chief executive officer and a
director of Sprouts Farmers Market. “Denise’s deep experience in
specialty retail and financial acumen will be invaluable to our
leadership team as we chart the long-term strategy of our
company.”
Paulonis joined Michaels in 2014 and prior to her service as
executive vice president and chief financial officer from 2016 to
2019, served in various finance roles within the organization,
including senior vice president of finance and treasurer, and vice
president of corporate finance, investor relations and treasury.
Prior to joining Michaels, Paulonis held various senior level
positions with PepsiCo from 2009 to 2014, including vice president
of financial planning and analysis of the Frito Lay division, vice
president of finance and strategy of PepsiCo U.S. Sales, and vice
president of corporate strategy and development. Prior to joining
PepsiCo, Paulonis held various senior positions with McKinsey &
Company and Bank of America. Paulonis currently serves on the
board of directors of Sally Beauty Holdings, Inc. (NYSE: SBH) and
earned a bachelor of science degree in finance and economics from
Miami University and a masters of business administration degree
from The Wharton School at the University of Pennsylvania.
“I am privileged to join Sprouts at this exciting stage in its
development,” said Paulonis. “This company pioneered
making healthy eating accessible to everyday grocery shoppers, and
I look forward to working with the team to build upon this
foundation to create long-term shareholder value.”
Paulonis will report directly to Sinclair and will work closely
with the company’s interim chief financial officer, Lawrence
(“Chip”) P. Molloy, to ensure a smooth transition. Molloy will
remain with the company in his capacity as an independent member of
its board of directors upon Paulonis’s appointment.
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,
AZ1/7/2020
Investor Contact: |
Media Contact: |
Susannah Livingston |
Diego Romero |
(602) 682-1584 |
(602) 682-3173 |
susannahlivingston@sprouts.com |
media@sprouts.com |
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