Sprouts Farmers Market Inc. announced the addition of Joel Anderson to its board of directors. Additionally, Steve Townsend, who has served on the Sprouts board since 2013, has stepped down from his position.

“It is an honor to welcome Joel to our board of directors,” said Jack Sinclair, chief executive officer and a director of Sprouts Farmers Market. “Joel’s deep experience as a high-growth retail executive at companies of scale will be extremely valuable to our board as we continue to develop our strategy for long-term growth and value creation.”

Anderson currently serves as president, CEO and a director of Five Below Inc., a leading high-growth value retailer. Prior to joining Five Below, Anderson served as president and CEO of Walmart.com from 2011 until 2014 and as the divisional senior vice president of the Northern Plains division of Walmart Inc. from 2010 to 2011.

Prior to joining Walmart, Anderson was president of the retail and direct business units for Lenox Group Inc., a leader in quality tabletop and giftware, and served in various executive positions at Toys “R” Us Inc. over a 14-year period.