PHOENIX — Sprouts Farmers Markets on Thursday said it has named longtime president Doug Sanders to the additional post of chief executive officer, succeeding Shon Boney, who becomes chairman.
Sprouts, the 147-store natural-and-organic specialty based here, said Boney’s transition from CEO to chairman “will allow him to devote more time to his family, who reside in San Diego, while still providing strategic oversight for Sprouts.” Stan Boney, who had been chairman, will remain a director.
Read more: Sprouts Expands in Arizona
Sprouts CEO Shon Boney (left) becomes chairman, while president Doug Sanders (right) takes on the role of CEO.Sanders, a 27-year grocery-industry veteran, joined Sprouts in 2002 and was named president in 2005. As previously reported, he has been instrumental in helping the company integrate its recent acquisitions of the Henry’s Farmers Market, Sun Harvest and Sunflower Farmers Market banners.
“There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership,” said Shon Boney in a statement. “The other board members and I have been preparing the company for this transition for some time. With the successful integration of the Henry’s and Sunflower acquisitions, Sprouts is shifting its focus back to accelerated organic new store growth, and we felt the time was right to transition Doug into the CEO position.”
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