Sprouts names new CEO, former CEO to exec chairman

Sprouts Farmers Market made several shifts at the very top of the executive ladder. Doug Sanders, former CEO and president, moved to executive chairman of the board, and former CFO Amin Maredia was appointed CEO. Jim Nielsen shifted from COO to president and COO.

"This transition is the result of our board's deliberate succession planning process, and I am pleased that this same team will continue to lead Sprouts into the future," said Andrew Jhawar, chairman of the board. "During their respective tenures at Sprouts, both Amin and Jim have proven they are the right leaders to guide Sprouts, and Doug's appointment to the executive chairman role will allow him to continue to provide strategic direction for the company."

Sanders has been with Sprouts since its inception in 2002. He helped take the company from a single store to a publicly traded company with more than 200 stores in 13 states.

"There has never been a more exciting time for our company as consumers' expectations of grocery stores continue to evolve," Maredia said. "I look forward to working closely with Doug as executive chairman, the board of directors, Sprouts' exceptional leadership team and its committed team members in growing the brand successfully and profitably in the years ahead."

Maredia joined Sprouts in 2011 after holding leadership positions at Burger King for six years, including as VP of strategic planning and treasurer, and VP of finance for North America and Latin America.

Current VP of investor relations, Susannah Livingston, will serve as interim CFO until the executive search for a permanent CFO is complete. She has more than 25 years of financial, treasury and investor relations experience. Press Release