PHOENIX, AZ - Sprouts Farmers Market is fortifying its leadership team with the addition of Joel Anderson to its Board of Directors. The news of Anderson joining the Board follows the announcement that Steve Townsend has stepped down from his position.
“It is an honor to welcome Joel to our Board of Directors,” said Jack Sinclair, Chief Executive Officer and a Director of Sprouts Farmers Market. “Joel’s deep experience as a high-growth retail executive at companies of scale will be extremely valuable to our Board as we continue to develop our strategy for long-term growth and value creation.”
Since the start of his career, Anderson’s resume has included many leadership positions in the retail sector, including various executive positions at Toys “R” Us over a 14-year period, President of the Retail and Direct Business units for Lenox Group, and President and Chief Executive Officer of Walmart.com from 2011 to 2014.
Currently, Anderson serves as the President, Chief Executive Officer, and Director of Five Below, a leading high-growth value retailer offering trend-right, high-quality products, according to a press release.
Chairman of Sprouts’ Board of Directors, Joseph Fortunato, commemorated Townsend’s time with Sprouts Farmers Market, stating “Steve has served on the Sprouts Board since 2013, and we extend our gratitude and appreciation for his contributions.”
As the leadership in the grocery retail industry continues to wax and wane with talent, know-how, and unique expertise, AndNowUKnow will continue to report.
