As far as New Years’ resolutions go, finding new executives is at the top of this trade news writer’s list. Lucky for me, Sprouts Farmers Market recently announced the appointment of Denise Paulonis to Chief Financial Officer, effective February 21, 2020.
Paulonis will report directly to Jack Sinclair, CEO. She will work closely with the company’s interim Chief Financial Officer, Lawrence (“Chip”) P. Molloy to ensure a smooth transition. Molloy will remain with the company in his capacity as an independent member of its Board of Directors upon Paulonis’s appointment.
“We are absolutely delighted to welcome Denise to Sprouts as our new CFO,” said Sinclair. “Denise’s deep experience in specialty retail and financial acumen will be invaluable to our leadership team as we chart the long-term strategy of our company.”
Paulonis most recently served as Executive Vice President and Chief Financial Officer of The Michaels Companies, and brings more than 25 years of experience in finance, accounting, investor relations, corporate strategy, tax, treasury, supply chain, and risk management.
“I am privileged to join Sprouts at this exciting stage in its development,” said Paulonis in a recent press release. “This company pioneered making healthy eating accessible to everyday grocery shoppers, and I look forward to working with the team to build upon this foundation to create long-term shareholder value.”
Prior to being Michaels’ Executive Vice President and CFO from 2016-2019, Paulonis held a variety of finance roles within the company, including Senior Vice President of Finance and Treasurer and Vice President of Corporate Finance, Investor Relations, and Treasury. She held various senior level positions with PepsiCo from 2009 to 2014, including Vice President of Financial Planning and Analysis of the Frito Lay division, Vice President of Finance and Strategy of PepsiCo U.S. Sales, and Vice President of Corporate Strategy and Development.
Before joining PepsiCo, Paulonis also held various senior positions with McKinsey & Company and Bank of America. She currently serves on the Board of Directors of Sally Beauty Holdings and earned a bachelor of science degree in finance and economics from Miami University and a masters of business administration degree from The Wharton School at the University of Pennsylvania.
Congratulations to Denise on this new and exciting position!