float: right; Jack also spent 14 years at Safeway PLC in London where he was responsible for operations, merchandising and marketing for over 450 Safeway supermarket and convenience store locations throughout the United Kingdom. The corporate mailing address for Mr. Sinclair and other Sprouts Farmers Market executives is 5455 EAST HIGH STREET SUITE 111, PHOENIX AZ, 85054. As the CEO of Sprouts Farmers Market, Inc., Mr. Sinclair earned a total compensation package of $5,773,120.00 in 2021. Jack also spent 14 years at Safeway PLC in London where he was responsible for operations, merchandising and marketing for over 450 Safeway supermarket and convenience store locations throughout the United Kingdom. Accessibility Statement | Privacy | Terms | Transparency, /* ----------------------------------------- */ Under Sinclairs guidance, Sprouts has shifted gears from simply offering produce and other good-for-you products at low prices to driving sales by directly targeting consumers he defines as health enthusiasts and innovation-seekers. Sinclair previously spent 14 years at Safeway PLC in London where he was responsible for operations, merchandising and marketing for over 450 Safeway supermarket and convenience store locations throughout the United Kingdom. Sprouts is a company with a higher purpose to empower every person to eat healthier and live a better life and the commitment of its 30,000 team members to drive lasting change in the communities they serve truly resonates with me. From 2007 to 2015, Jack was the executive vice president of the U.S. None of the information on this page has been provided or approved by Sprouts Farmers Market. He was previously chief executive officer of 99 Cents Only Stores LLC, a premier discount retailer with over 350 locations in the United States, since 2018. ads view marital Status. He has worked in the retail food business since 1982, when he began his career as a trainee at Shoppers Paradise in the United Kingdom. During his eight-yeargrocery EVP tenure at Walmart, Sinclair led all aspects of the U.S. grocery business at its more than 4,000 stores, when the retailers focus on fresh foods and local assortment came into its own. See if you qualify for a free subscription to our industry leading paper magazine. The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law. The grocer has been conducting a search for a new CEO since, Sprouts to Open 13 Stores in Second Half of 2019, Sprouts to Enter 3 More States, Enhance More Store Designs in Q2, PCC Marks 70th Year With Improvements, Activities, Perks, Walmart Expands Associate-to-Driver Program Pilot. Sinclair has served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and natural products, since 2017. From 2007 to 2015, Sinclair was the Executive Vice President of the U.S. Here are further demographic highlights of the leadership team: The Sprouts Farmers Market executive team is 39% female and 61% male. Previously, he served as the European development director for SB Capital, partnering with banks, private financiers and private equity houses to assess, advise and implement strategic retail acquisitions. This is our strategy,whether its pre-pandemic, post-pandemic or during the pandemic. The most recent insider tranaction occured on December, 5th when CEO Jack Sinclair sold 85,953 shares worth more than $2,902,632.81. Brad Lukow, the other co-CEO and chief financial officer, assumed sole responsibility at the time but has since resigned to pursue other opportunities. Supermarket News is part of the Informa Connect Division of Informa PLC. .topic-selector input[type="text"], .topic-selector input[type="email"] { background-color: #F7F7F7; } Jack Sinclair, our chief executive officer, brings more than 35 years of experience in retail and grocery to Sprouts since joining the company in June 2019. Grocery Division of Walmart, Inc., where he led all aspects of Walmarts U.S. grocery business at its more than 4,000 stores, which generated substantial growth under his leadership through a focus on local assortment and fresh foods. With the move, announced late Thursday, Sprouts said that Brad Lukow, interim co-CEO and chief financial officer, has resigned from the company to pursue other opportunities. The Phoenix-based specialty grocers board has appointed Lawrence Chip Molloy as interim CFO until a permanent successor is named. From delivery robots to scan-and-go, some technology and vendor partnerships havent lasted for grocers. The U.S. is awaking to a "passion for food" that other countries already have,Sinclair said as he reflected on his prior experience working in the grocery industry in the United Kingdom. This net worth estimate does not reflect any other assets that Mr. Sinclair may own. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. That's because copper is critical to the world's shift to renewable energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. He has been a board member since 2002 and served as CFO from 2002 to 2005, CEO from 2005 to 2012, and chairman from 2012 to 2013. Sprouts is the place where goodness grows. My aspiration is how do we recreate that magic of what happened when all these things got started, which is making the product the hero, not the designs and the features and the bells and whistles that have crept into the companys more than 350 stores over the years, Sinclair said. .topic-selector fieldset input:checked ~ .checkmark:after { display: block; } Brandon Lombardi serves as chief legal officer at Sprout. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. He also has served on the board of The Hain Celestial Group, a manufacturer and supplier of organic and natural products, since 2017. PHOENIX, Ariz. June 20, 2019 Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that Jack L. Sinclair has been appointed as the companys chief executive officer and a member of its board of directors, effective June 24, 2019. He came to Sprouts from 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. ads view landline number. As Sprouts Farmers Market continues to pose itself for growth, it also ends its search for a new CEO. I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, said Sinclair. But in the 18 months since he arrived at the specialty grocer,Sinclair has dramatically accelerated the pace of change, positioning Sprouts to better connect with its core audience while setting aside initiatives he felt weren't bearing enough fruit. Sprouts Farmers Market has 35,000 employees, of which 23 are in a leadership position. Jack also spent 14 years at Safeway PLC in London where he was responsible for operations, merchandising and marketing for over 450 Safeway supermarket and convenience store locations throughout the United Kingdom. The employee data is based on information from people who have self-reported their past or current employments at Sprouts Farmers Market. Email address . Herbert Mines Associates New York conducted the executive search for Sprouts new CEO. He was with the company eight years. Learn More about Jack Sinclair's net worth. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. The emergence of new challenges will force grocery retailers to adapt their strategies and operations. Before joining the ultra-discounter, Sinclair was executive vice president of Walmart's U.S. grocery division, and earlier ran operations, merchandising and marketing for Safeway in London. Chip has chaired our audit committee for several years, and his deep knowledge of Sprouts business, strategy and financial operations and experience with the investment community make him best-suited to lead Sprouts financial affairs while we conduct our search for a permanent chief financial officer, Fortunato commented. The new locations will have an even stronger emphasis on fresh fruits and vegetables than current Sprouts stores, which are distinguished by their centrally positioned produce section, and will place less emphasis on often-costly design features, like meat, seafood and deli counters. The company also announced that Brad Lukow, interim co-CEO and CFO has resigned. There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. O'Reilly's broadcasting career began during the late 1970s and 1980s, when he reported for local television stations in the United States and later for CBS News and ABC News. Podcast: How inflation is affecting pricing strategy. Prior to that, he was chief merchandising officer from 2015 to 2018. Gil Phipps, our senior vice president and chief marketing officer, joined Sprouts in April 2020 and brings over 20 years of experience in building brands at some of the largest grocers and food producers in the country. 2022 SFM, LLC. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose., Joseph Fortunato, Sprouts' chairman, said the board is extremely excited to have Jack Sinclair as our new chief executive officer following a thorough search and selection process. There are no executives at Sprouts Farmers Market Inc getting paid more. PHOENIX, AZ - Right in the middle of its rapid expansion, Sprouts Farmers Market announced it has appointed a new CEOJack L. Sinclair, effective June 24 of this year. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. The grocer has been conducting a search for a new CEO since Amin Maredia stepped down from the position on Dec. 30, 2018. Sinclair's goal is for Sprouts to stand out by leaving traditional grocery retailing to the competition and concentrating on a distinct combination of assortment and shopping experience other stores arent able to match. Sprouts said he spurred growth at the retail giants grocery business, which spans more than 4,000 stores, through a focus on local assortments and fresh foods. Sprouts Farmers Market CEO and Leadership, Desert Schools Federal Credit Union Executives, Desert Schools Federal Credit Union Jobs Near Me, Requirements Manager jobs at Sprouts Farmers Market, Produce Manager jobs at Sprouts Farmers Market, Store Manager jobs at Sprouts Farmers Market, Administrative Coordinator jobs at Sprouts Farmers Market, Training Manager jobs at Sprouts Farmers Market, Deli Clerk jobs at Sprouts Farmers Market, Produce Clerk jobs at Sprouts Farmers Market, Seafood Clerk jobs at Sprouts Farmers Market, Courtesy Clerk jobs at Sprouts Farmers Market, Head Cashier jobs at Sprouts Farmers Market, Bakery Clerk jobs at Sprouts Farmers Market, Shop Clerk jobs at Sprouts Farmers Market, The Sprouts Farmers Market executive team is. PHOENIX, May 13, 2021 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that Jack Sinclair, chief executive officer, and Denise Paulonis, chief financial officer, will . These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management anticipates, plans, estimates, expects, or believes, or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the companys guidance, outlook, growth and opportunities. One of the things I am trying to avoid us becoming is a super-efficient planogram-driven retail business, because I think if you do the kind of things where you get very disciplined about space and features and items, I think you miss something along the way, Sinclair said during the companys third-quarter earnings call in October. Chip has chaired our audit committee for several years, and his deep knowledge of Sprouts business, strategy and financial operations and experience with the investment community make him best suited to lead Sprouts financial affairs while we conduct our search for a permanent chief financial officer, said Fortunato. Sprouts is a company with a higher purpose to empower every person to eat healthier and live a better life and the commitment of its 30,000 team members to drive lasting change in the communities they serve truly resonates with me. .topic-selector fieldset label input:checked ~ .radio { background-color: black } Most recently, Sinclair was CEO of 99 Cents Only Stores. 22 onProgressive Grocers 2019Super 50 list ofthe top grocers in the United States. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The estimated net worth of Jack Sinclair is at least $7.01 million as of December 5th, 2022. On average, Sprouts Farmers Market Inc executives and independent directors trade stock every 15 days with the average trade being worth of $10,119,753. I look forward to working with Sprouts board of directors, leadership team and all Sprouts team members to continue furthering that purpose.. A new era has begun at Sprouts Farmers Market following the appointment of veteran food retailer Jack Sinclair as CEO and the departures of CFO Brad Lukow and longtime board member and founder Shon Boney. Nielsen and Lukow had been serving as interim co-CEOs since the Dec. 30 departure of CEO Amin Maredia, who left the company to pursue other interests. He has served as a board member of FMI The Food Industry Association since 2020 and was appointed to the Los Angeles branch board of directors of the Federal Reserve Bank of San Francisco in January 2021. Subscribe to Grocery Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, By Catherine Douglas Moran, Julia Himmel and Shaun Lucas , Mintec and Urner Barry combine to create a market leading Price Reporting Agency (PRA) and Dat, Treeline's Top Rated Cashew Cream Cheese Now In Single Serving Snack Packs, Revionics Reinvents Science Behind Retail Promotions with New Promo Tool, FDA Food Safety Guidance and the Coming Food Delivery Chaos, That focus has led Sinclair and his team at Sprouts to think deeply about what a specialty grocer should be, One of the things I am trying to avoid us becoming is a super-efficient planogram-driven retail business, because I think if you do the kind of things where you get very disciplined about space and features and items, I think you miss something along the way,. Jack Sinclair is Chief Executive Officer, Director of Sprouts Farmers Market. .topic-selector fieldset label input:checked ~ .checkmark { background-color: #006326; } His lengthy experience within discount and grocery should bring significant knowledge to the table, especially in small-format/fresh, as 99 Cents is as produce-focused as you'll get in the dollar channel (and comp growth was quite impressive during his time there), while Walmarts Neighborhood Market format realized considerable unit growth during his final years in charge of all U.S. grocery, Mandeville wrote in a research note released late Thursday. He has responsibility for all aspects of grocery merchandising at more than 4,000 stores in the United States. Neal served Walmart over a 24 year career, including as vice president - divisional merchandising manager of meat from 2009 to 2011, vice president - divisional merchandising manager of commercial bread and bakery from 2007 to 2009, and vice president of international merchandising from 2000 to 2007.
Neal has also served as a member of the board of directors of Feeding America since 2016. } Get news highlights delivered directly to your e-mail inbox. Landline number. in Global Business from Arizona State University. Meanwhile, Sprouts board member and former PetSmart executive Lawrence Chip Molloy is serving as interim CFO until a permanent successor is named. Also known as: Mr Jack Sinclair . Entire grocery store created from discards, Starbucks, DoorDash will take delivery partnership nationwide, How to save on groceries, even without a store loyalty app, Boost Sales & Customer Engagement with In-Store Testing, The New Technology Every Grocer Needs in 2023, The Friday Checkout: High egg prices have shoppers boiling, Grocery inflation slows again in December, 8 trends that will shape the grocery industry in 2023, Kroger promotes $10 meals during the holidays. Based on the belief that healthy food should be affordable, Sprouts welcoming environment and knowledgeable team members continue to drive its growth. Prior to that, he was chief merchandising officer from 2015 to 2018. Canada is already known as a miner's paradise. Grocery Division of Walmart, Inc., where he led all aspects of Walmarts U.S. grocery business at its more than 4,000 stores, which generated substantial growth under his leadership through a focus on local assortment and fresh foods. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The company is No. Sprouts Farmers Market has named former Walmart grocery executive Jack Sinclair (left) as chief executive officer, filling a leadership vacancy arising from the exit of its previous CEO and the medical leave of its chief operating officer. Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. During the last year, Sprouts Farmers Market insiders bought shares 1 times. He has been chief executive officer of 99 Cents Only Stores LLC, a premier discount retailer with over 350 locations in the United States, since 2018 and prior to that was its chief merchandising officer from 2015 to 2018. ET, Sprouts sharpens efforts to combat hunger as it donates $1.6M, The grocery tech graveyard: 5 recent innovations that got buried, How Walmart is experimenting with shoppable content, How Kroger, Whole Foods are upgrading labor management, H-E-B outpaces Texas grocers in foot traffic, How The Fresh Market evaluates tech partnerships, Albertsons proceeds with $4B dividend after prevailing in latest court battle, Why You Should Digitize Your Retail Supply Chain & Logistics, Plastic as art? Web page addresses and e-mail addresses turn into links automatically. Learn More on Jack Sinclair's salary. .immediate-release p{ Jack Sinclair Sprouts Farmers Market, Inc. (SFM) Phoenix, AZ Total Compensation for Fiscal Year Ending in 2022: $5,773,120 Sprouts Farmers Market, Inc. disclosed its CEO pay was 242 times its median employee's pay for the fiscal year ending in 2022. Sprouts Farmers Market CEO talks strategy and the future Jack Sinclair pinpointed innovation, smaller stores and a more targeted audience as steps to help define the natural retailer's path. According to Jefferies analyst Christopher Mandeville, Sinclair brings a skill set thats well-matched to those of Sprouts remaining C-suite. Jack Sinclair from Boston, MA. .topic-selector label > input { margin-bottom: 0; opacity: 1; cursor: pointer; } frases de despedida a un ser querido 1; Photograph courtesy of Sprouts Farmers Market, I am humbled and extremely privileged to be appointed chief executive officer of Sprouts Farmers Market, Sinclair said in a statement. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Spotlight Francois Chau He came to Sproutsfrom 99 Cents Only Stores, where he served as chief merchandising officer and later CEO. The estimated net worth of Jack Sinclair is at least $6.47 million as of December 5th, 2022. /* ----------------------------------------- */ He has also worked for Tesco and Safeway PLC, where he eventually served on the board of directors that led the merger of Safeway PLC and Morrisons. Jack was previously chief executive officer of 99 Cents Only Stores LLC, a premier discount retailer with over 350 locations in the United States, since 2018. Jack L. Sinclair, who has decades of retail experience, will begin implementing Sprouts' ambitious growth plan immediately."I am humbled and extremely privileged to be appointed Chief Executive Officer of Sprouts Farmers Market," Sinclair said. True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts in early May said Jim Nielsen, who had been appointed interim co-CEO, while also serving as president and chief operating officer, had taken a medical leave of absence. Before joining Walmart, Sinclair spent 14 years at Safeway PLC in London, where he oversaw operations, merchandising and marketing for more than 450 Safeway supermarkets and convenience stores in the United Kingdom. Sprouts entered three new states Pennsylvania, Washington and South Carolina and passed the 300-store mark last year. Sprouts is a company with a higher purposeto empower every person to eat healthier and live a better lifeand the commitment of its 30,000 team members to drive lasting change in the communities they serve truly resonates with me. Boney is a co-founder of Sprouts, which opened its first store in 2002. The Sprouts Farmers Market executive team is 39% female and 61% male. Lines and paragraphs break automatically. Boston is a novel by Upton Sinclair. 75% of the management team is White. float: left; It is a "documentary novel" that combines the facts of the case with journalistic depictions of actual participants and fictional characters and events. Grocery Division of Walmart, Inc., where he led all aspects of Walmarts U.S. grocery business at its more than 4,000 stores, which generated substantial growth under his leadership through a focus on local assortment and fresh foods. Joseph Fortunato, chairman of Sprouts' board of directors, cited Sinclair's experience in grocery and general merchandising as an important factor in his selection. Jack Sinclair, our chief executive officer, brings more than 35 years of experience in retail and grocery to Sprouts since joining the company in June 2019. The natural andorganic grocer also announced that Shon Boney will step down from the board. ads view occupation. Jack earned a bachelor's degree in economics and marketing from the University of Strathclyde, Glasgow, Scotland. during the companys third-quarter earnings call in October. Joseph Fortunato, Sprouts' chairman, said the board is "extremely excited to have Jack Sinclair as our new chief executive officer following a thorough search and selection process. Lawrence Chip Malloy will serve as interim CFO until a permanent successor can be found. Headquartered in Phoenix, Arizona, Sprouts employs more than 30,000 team members and operates in more than 320 stores in 20 states from coast to coast. Sprouts' commitment to becoming an environmentally-conscious supermarket is closely tied to the demands of its customer base. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.. .subscribe.subtitle-text { color: #3F2F22; /*font-family: "nexarustscripts-1", open-sans;*/ } Sinclairs strategy at Sprouts builds on his past roles in the grocery industry, which steeped him in the importance of operational details in enabling a retailer to thrive. Over the last 9 years, insiders at Sprouts Farmers Market Inc have traded over $2,093,774,778 worth of Sprouts Farmers Market Inc stock and bought 612,643 units worth $11,748,047 Mr. Sinclair owns 207,638 shares of Sprouts Farmers Market stock worth more than $6,465,847 as of January 18th. Learn More on Jack Sinclair's contact information. Dave earned his Bachelor of Science in Economics and Finance and his MBA from Bentley University. Enter your email address below to get our daily insider buying and selling report. Learn More on Jack Sinclair's trading history. .subscribe-modal { position: fixed; top: 0; top: 50%; transform: translateY(-50%); width: 100%; display: flex; flex-direction: column; background-color: white; padding: 0.75rem; } Before that, he spent 14 years with Safeway PLC in London. Forward-Looking Statements There are 7 older and 12 younger executives at Sprouts Farmers Market Inc. Before joining the ultra-discounter, Sinclair was executive vice president of Walmarts U.S. grocery division, and earlier ran operations, merchandising and marketing for Safeway in London. I think as things have evolved over the last few years, people are getting more interested in it, partly because of the health implications of the products and also because people are just more interested in where things come from," he said. And the sales reflect that. Chip . Insiders at Sprouts Farmers Market own 0.7% of the company. @media screen and (min-width:640px) { Previously, Mr. Sinclair served as Chief Executive Officer of 99 Cents Only Stores LLC, a premier discount retailer, from February 2018 to June 2019,and prior to that was its Chief Merchandising Officer from July 2015 to February 2018. 1:05 Sprouts Farmers Market has announced that former Walmart executive Jack Sinclair will take over as its new chief executive officer starting June 24, as the company continues a national. He earned a bachelors degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. Paired with his exposure to natural and organic CPG at Hain, Sinclair's background could prove highly complementary to President and COO Jim Nielsen, an individual we'd coin as the key man to operations, assuming he returns to the company as planned post-medical leave.. Most recently, Sinclair was CEO of 99 Cents Only Stores. Molloy most recently served as interim chief executive officer of Torrid LLC during 2018. The largest trade he's ever made was selling 85,953 units of Sprouts Farmers Market Inc stock on 5 December 2022 worth over $2,902,633. You can see the complete history of Mr. Sinclair stock trades at the bottom of the page. Dave McGlinchey has served as our chief format officer since February 2020. Photo Illustration: Shaun Lucas/Industry Dive; Getty Images. 8% of employees are Black or African American. New store updates are important to our readers, so were adding a monthly feature to highlight them and demonstrate supermarket growth trends around the country. .topic-selector [type="submit"] { margin-top: 1rem; padding-left: 2rem; padding-right: 2rem;} /* Content Template: template-for-press-releases - start */ Boney is a founder of the company and has been a board member since 2002. Sprouts also announced that Brad Lukow, interim co-chief executive officer and chief financial officer, has resigned to pursue other opportunities. Walgreens ends purchasing restrictions around pediatric products, SN Top 10: Amazon, Kroger, Rite Aid top the week's headlines. 7% of the management team is Hispanic or Latino. From 2007 to 2015, Jack was the executive vice president of the U.S. At a time when specialty chains are struggling, the CEO of the natural foods grocer has laid out a bold roadmap to make Sprouts a smarter and more efficient retailer. /sites/all/themes/penton_subtheme_supermarketnews/images/logos/footer.png, Interim Co-CEO and CFO Brad Lukow to leave company, Grocery sector ekes out slight sales gains in December, Albertsons special dividend clears court hurdle, Q4 traffic declines for many food retailers: Report, 2023 Informa USA, Inc., All rights reserved, In-store branded restaurants gain momentum. .subscribe-modal { width: 50%; max-width: 640px; left: 50%; transform: translate(-50%, -50%); padding: 3rem; } Sign up to receive texts from Winsight Grocery Business. Kroger and Albertsons merger: What lies ahead? Prior to this role, he served as Sprouts chief merchandising officer since 2018, and joined Sprouts as senior vice president of merchandising services in 2017.
Dave brings more than 20 years of grocery merchandising and leadership experience to Sprouts in both mass and conventional grocery. /* Content Template: press-release-contact-info - start */ He has served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and, Javits North Level 4, Room 404, Twilio Stage, Over the past two years, grocery retailers have had to reassess and adapt nearly every facet of their operations. Earlier, he served in a number of leadership roles over a 14-year span at Stop & Shop/Giant Food, including senior vice president of merchandising support and vice president of grocery merchandising. The shares were sold at an average price of $33.77, for a transaction totalling $2,902,632.81. 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