Sprouts Farmers Market on the hunt for new CEO
Fast-growing Sprouts Farmers Market is losing its chief executive.
The Phoenix-based natural and organic grocer said that Amin Maredia is stepping down as CEO on Dec. 30 “to pursue other interests.” Jim Nielsen, president and COO of Sprouts and Brad Lukow, CFO, will serve as co-interim CEOs until a permanent successor is named. The company is currently working with a executive search firm to find Maredia’s replacement.
Nielsen joined Sprouts in 2011 as COO and has served as president and chief operating officer since A 2015. Prior to that, he was president of Henry’s Farmers Markets. Lukow has served as Sprouts’ CFO since 2016, having previously served as executive VP and CFO of Shoppers Drug Mart.
The departing Maredia has served as CEO of Sprouts since August 2015. He joined the company in 2011 as CFO. Prior to that, Maredia held executive posts at Burger King Corp., including serving as VP of finance for North and Latin America from March 2009 to February 2011 and as VP of strategic planning and treasurer from July 2005 to March 2009.
“It has been an enormous privilege to have been part of the Sprouts team during this incredible period in the company’s history over the past eight years,” Maredia said in a statement. “As I transition, it is comforting knowing that Sprouts is well-positioned with a strong management team for robust growth and sustained success.”
Sprouts has been steadily expanding its portfolio. The grocer plans to open 30 stores in 2019, about the same as this year. The retailer currently more than 300 stores in 19 states.
More changes at J.Jill
J.Jill has begun the hunt for a new finance head.
The women’s apparel retailer announced that executive VP and CFO Dave Biese will leave the company on April 30, 2019. It’s the second big executive change for the company, whose CEO Paula Bennett retired in April. She was replaced by Linda Heasley, the former CEO of Lane Bryant
J.Jill has retained executive search firm Heidrick & Struggles to help it find a new CFO. No reason was given for the departure of Biese, who helped to take the company public in 2017.
“I would like to thank Dave for his commitment to J.Jill over his long tenure with the company,” said Heasley. “He was a key member of our executive team and played a pivotal role in building J.Jill into a prominent omnichannel retailer while leading our finance and operations teams.”
J.Jill operates more than 270 stores nationwide.
C-store chain names first-ever COO
Sheetz has made some changes to its executive organization.
The fast-growing, family-owned convenience store chain announced that executive VP of operations Travis Sheetz is advancing into the role of president and COO. He is the first COO in the 66-year history of the company. His brother, Joe Sheetz, will remain Sheetz’s CEO.
“The role of COO requires great business acumen, while also being in touch with our employees and our customers,” Joe Sheetz said. “Instrumental in driving record store sales while also ensuring a culture of total customer focus, Travis’ leadership will be invaluable in this new role.”
Sheetz also named Adam Sheetz, grandson of founder Bob Sheetz, and representing the company’s third generation, as its new VP of operations.
Based in Altoona, Pennsylvania, Sheetz, operates over 580 store locations throughout Pennsylvania, West Virginia, Virginia, Maryland, Ohio and North Carolina.