Sprouts farmers market, inc. announces board and committee changes

On november 18, 2019, the board of directors of sprouts farmers market, inc. appointed joel d. anderson to the board, as a class i director with a term expiring at the company's 2020 annual meeting of stockholders. mr. anderson will serve on the audit committee of the board. mr. anderson will participate in the standard compensation plan for the company's independent directors, including eligibility to receive equity grants pursuant to the company's 2013 incentive plan. resignation of steven h. townsend from the board of directors. effective november 18, 2019, steven h. townsend resigned from the board. mr. townsend's resignation is not due to any disagreement with the company on any matter relating to operations, policies or practices. the size of the board of directors will remain at seven members. anderson currently serves as president, chief executive officer and a director of five below, inc. prior to joining five below, anderson served as president and chief executive officer of walmart.com from 2011 until 2014 and as the divisional senior vice president of the northern plains division of walmart, inc. in addition, sprouts announced that steve townsend has stepped down from the board.
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