Sprouts Farmers Market has announced that CEO Amin Maredia will leave the company Dec. 30 to pursue other interests.
President and chief operating officer Jim Nielsen and chief financial officer Brad Lukow will handle the CEO duties until a replacement is found, according to a news release.
“On behalf of the board of directors, I would like to express our gratitude to Amin for his many years of service to Sprouts,” Joseph Fortunato, chairman of the board, said in the release. “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.’”
Sprouts will use an executive search firm to identify candidates for Maredia’s successor, and Maredia will be available for some amount of time to help with the transition.
“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 in the release. “As I transition, it is comforting knowing that Sprouts is well-positioned with a strong management team for robust growth and sustained success.”