Sprouts Farmers Market, Inc. today announced that Lawrence "Chip" Molloy, chief financial officer, will retire at the end of 2023.
“On behalf of the entire Sprouts community, I want to extend our deepest thanks to Chip for his many years of leadership and dedication to our company,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market. “Chip played an integral role in Sprouts’ development into a national brand and helped to usher in our long-term growth strategy. We are grateful for Chip’s many contributions to Sprouts’ long-term success and wish him well in his retirement.”
Molloy joined Sprouts in 2013 as a member of its Board of Directors, and served as its interim chief financial officer from June 2019 to February 2020. Molloy continued to serve on Sprouts’ board prior to his appointment as its chief financial officer in September 2021.
“It’s an honor to have been a part of Sprouts’ board and executive leadership team,” said Molloy. “I’m proud of our significant growth over the past 10 years and the strategic changes we’ve made to mature into a financially robust company that’s delivered value to its shareholders. Next year, I’ll be cheering on Sprouts from the sidelines, and I wish the team continued success.”
Sprouts, headquartered in Phoenix, Ariz., will conduct an internal and external search for a successor to Molloy.