On Nov. 30, Sprouts Farmers Market announced that Amin Maredia, the company’s CEO and Board member, will leave the company on Dec. 30 to pursue other interests. Sprouts president and COO Jim Nielsen and Brad Lukow, the company’s CFO, will serve as co-interim CEOs until a permanent successor is named.
The company is engaging a leading executive search firm to conduct a comprehensive search for a new CEO. Maredia will remain in an advisory role to assist with the transition till the end of the year.
“On behalf of the board of directors, I would like to express our gratitude to Amin for his many years of service to Sprouts,” said Joseph Fortunato, chairman of the Board. “Over the past three years, Amin has overseen our tremendous growth from coast to coast and put us on a firm footing for continued success. We wish Amin all the best in his future endeavors. While we search for a new CEO, the board has deep confidence in Jim and Brad to continue executing the company’s strategic initiatives, driving shareholder value and delivering on our mission of ‘Healthy Living for Less,’” Fortunato said.
“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. “As I transition, it is comforting knowing that Sprouts is well-positioned with a strong management team for robust growth and sustained success,” he said.