Phoenix — Sprouts Farmers Market has a new CEO.
The company announced a leadership succession plan, effective Aug. 6, whereby CFO Amin Mereda has been appointed CEO. Doug Sanders, currently president and CEO, ascends to the role of executive chairman.
“Doug (Sanders) has helped to lead Sprouts from a single store in 2002 through our transition into a publicly traded company with over 200 stores in 13 states coast to coast, and I look forward to continuing to work with Doug on our board of directors.” said Andrew Jhawar, chairman of the board. “
In other changes, Jim Nielsen, currently COO, was appointed. president and COO.
Susannah Livingston, VP of investor relations and treasury, has been named interim CFOuntil the company completes a search for a permanent financial chief.