Sprouts Farmers Market announced in August that current CFO Lawrence “Chip” P. Molloy will be retiring at the end of this year. The Phoenix-based company will conduct an internal and external search of candidates for his successor.
“On behalf of the entire Sprouts community, I want to extend our deepest thanks to Chip for his many years of leadership and dedication to our company,” said Jack Sinclair, CEO. “Chip played an integral role in Sprouts’ development into a national brand and helped to usher in our long-term growth strategy. We are grateful for Chip’s many contributions to Sprouts’ long-term success and wish him well in his retirement.”
Molloy joined Sprouts board of directors in 2013. He then served as interim CFO from June 2019 to February 2020. Molloy continued his service on Sprouts’ board until his September 2021 appointment as CFO. Molloy defined his time on Sprouts’ board and executive management team as an “honor.”
“I’m proud of our significant growth over the past 10 years and the strategic changes we’ve made to mature into a financially robust company that’s delivered value to its shareholders. Next year, I’ll be cheering on Sprouts from the sidelines, and I wish the team continued success.”