Amin Maredia has been named the CEO of Phoenix-based Sprouts Farmers Market Inc. Maredia, 43, previously acted as the organic grocery chain’s CFO.
With this change, Maredia has replaced former president and CEO Doug Sanders, who will now act as chairman of the board. Additionally, Jim Nielsen, Sprouts’ COO since 2011, will now also act as president, while Suzanne Livingston, vice-president of investor relations and treasury, will act as an interim CFO.
The grocery retailer announced these moves earlier this month. Diego Romero, a spokesman for Sprouts, notes that these changes had been in the works for a while. He also says that Sanders will continue to be involved with the company’s business and operations.
“During their respective tenures at Sprouts, both Amin and Jim have proven they are the right leaders to guide Sprouts,” adds chairman of the board Andrew Jhawar. “Doug’s appointment to the executive chairman role will [also] allow him to continue to provide strategic direction for the company.”
