Sprouts Farmers Market has announced a planned leadership transition: Nick Konat, president and COO, will become CEO and join the board of directors effective Jan. 4, 2027, while Jack Sinclair, CEO since 2019, will transition to executive chairman.
Board Chairman Joe Fortunato will serve as lead independent director beginning the same date, the first day of the Phoenix, Arizona-based grocer’s 2027 fiscal year.
“The Board and I have spent significant time and consideration developing our succession plan, and we believe that now is the right time to transition Sprouts to its next generation of leadership,” Sinclair said. “I’ve worked closely with Nick since he joined Sprouts in 2022 and seen firsthand his talent, drive and strong dedication to our people. He played a central role in shaping and executing our strategy, and I have tremendous confidence in his ability to lead the company to new heights.”
Konat joined Sprouts in March 2022 as president and COO, overseeing operations, marketing, merchandising, supply chain and innovation. He previously spent more than six years at Petco Health and Wellness Company, culminating as chief merchandising officer, and more than nine years at Target Corporation in merchandising, planning and leadership roles across food and fashion. He began his career with six years at Accenture.
“It will be an honor to serve as the next CEO of Sprouts at this exciting and important time for our company,” Konat said. “We remain focused on executing our growth strategy, expanding into new markets and strengthening our connection with customers as we navigate an evolving consumer environment. I look forward to continuing to work closely with Jack to ensure a seamless transition.”
Sinclair’s tenure
Sinclair, a former Walmart U.S. grocery chief and 99 Cents Only Stores CEO, took the helm in June 2019 and led Sprouts through a strategic reset built around smaller-format stores, a sharpened focus on health-enthusiast customers and accelerated unit growth. The grocer has grown to more than 480 stores in 25 states with approximately 36,000 team members, crossing its 400th store in 2023 and pushing into new regions including the Midwest and Northeast.
“Jack has guided the company through a significant phase of transformation and value creation. We are extremely grateful for his leadership,” Fortunato said. “The Board believes that Nick’s experience, along with his deep knowledge of our business and Sprouts’ unique culture and market position, make him the ideal leader for the next phase of the company’s journey.”