Sprouts appoints Nicholas Konat as President and COO effective March 21, 2022

Sprouts Farmers Market, Inc.

Konat receives $700k base salary, 100% target bonus, $3M equity grant, $650k sign-on, and up to $150k in relocation.
Konat previously served as Chief Merchandising Officer at Petco; he will oversee operations, marketing, merchandising, and innovation.
Gil Phipps transitions from CMO to Senior Marketing Advisor through May 31, 2022, under CEO Jack Sinclair.
Konat holds an honors degree from St. John's University and has prior roles at Target and Accenture.

item 5.02 item 9.01

Executive movements

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Appointed

Nicholas Konat

President and Chief Operating Officer

SFM · Sprouts Farmers Market, Inc.

Effective: 2022-03-21
Filed: February 24, 2022, 6:59 PM ET

On February 24, 2022, Sprouts Farmers Market, Inc. (the “Company”) announced the appointment of Nicholas Konat as its President and Chief Operating Officer, effective March 21, 2022.

Role change

Gil Phipps

Senior Marketing Advisor

SFM · Sprouts Farmers Market, Inc.

Filed: February 24, 2022, 6:59 PM ET

Mr. Phipps will transition from his role as the Company’s Senior Vice President - Chief Marketing Officer to the role of Senior Marketing Advisor through May 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nicholas Konat was appointed as President and Chief Operating Officer at Sprouts Farmers Market, Inc..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

On February 24, 2022, Sprouts Farmers Market, Inc. (the “Company”) announced the appointment of Nicholas Konat as its President and Chief Operating Officer, effective March 21, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Gil Phipps changed role as Senior Marketing Advisor at Sprouts Farmers Market, Inc..

Action: transitioned
Role: Senior Marketing Advisor

Exact text from the filing

Mr. Phipps will transition from his role as the Company’s Senior Vice President - Chief Marketing Officer to the role of Senior Marketing Advisor through May 31, 2022.

View on SEC.gov

Sprouts Farmers Market, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-001992

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