PHOENIX, AZ - Retirement news has reached our desk from Sprouts Farmers Market. The retailer’s Chief Financial Officer Lawrence “Chip” P. Molloy has announced he will retire at the end of 2023.

“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.”

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. As noted in the release, Molloy continued to serve on Sprouts’ board prior to his appointment as its CFO in September 2021.

The retailer noted it will conduct an internal and external search for a successor to Molloy.

“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. “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.”

We wish all Lawrence “Chip” Molloy all the best in his next chapter!

Sprouts Farmers Market