Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. Vice President of Supply Chain @ Rise Baking Company. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. Since the onset of the global pandemic last March, supply chains became unarmored against the unprecedented effects of fluctuating demand. Mr. Leitchs retirement is effective during the second quarter of 2021, according to the company. He was elevated to his current role in 2017. Chad Pariswas named the next CFO atThe Marcus Corporation(NYSE: MCS). Jacinth Smiley, EVP, CFO at Hormel Foods / Photo courtesy of Hormel Foods, The 5 best supplements for healthy aging, according to a longevity expert, Elon Musk says he learned a lot today after cancelling SpaceXs giant rocket launch at last minute. He is a 25-year veteran of Hormel Foods Corporation and was senior vice president of supply chain at Jennie-O Turkey Store prior to his appointment to Applegates senior leadership team. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. Inspired Food. Hormel Foods is the No. I am confident that Mark will continue to bring a strategic focus to building our One Supply Chain capabilities, operational excellence and long-term growth for the enterprise.". The alignment of our supply chain from procurement to shipment has never been more important, said Jim Snee, chairman of the board, president, and chief executive officer, Hormel Foods. Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store, said Snee. By closing this message or continuing to use our site, you agree to the use of cookies. 2023 Hormel Foods Corporation. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. Jen brings significant supply chain expertise to this role, Snee said. In fact, in calendar year 2021 only 3% of our purchases were from new suppliers. Continue to increase our purchasing spend annually with small and diverse businesses. When Jacinth Smiley, EVP and CFO at Hormel Foods, was a high school student in Jamaica, she was drawn to numbers. Hormel Foods values the long-standing relationships we have established with our suppliers. If suppliers are found to be noncompliant, appropriate action is taken up to and including termination. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. During his 18 years at Motorola, he was a part of six acquisitions and saw the companys name change from Motorola Home to Motorola Mobility, a Google Company, to ARRIS and in 2019 to CommScope. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. For more information on each of these leaders, visit www.hormelfoods.com. We have established supplier quality management (SQM), which evaluates our suppliers based on quality, delivery, service, technology and price. Senior Director of Communications Responsible Business Alliance . According to theFederal Reserve Bank of Kansas City, plant capacity utilization and U.S. food consumption trends drastically changed, which called for wide-ranging production modifications to meet demands. Third, establishing our vision. Jen Ehresmann Elevated to Vice President, Supply Chain AUSTIN, Minn., Feb. 1, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. All Rights Reserved. Jai Agarwalwas named CFO atClaros Mortgage Trust, Inc. (NYSE: CMTG). Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Prior to joining Apollo, he was CFO and treasurer of CM Finance Inc. Agarwal also held several senior roles at Blackstones real estate finance group and Capital Trust, Inc. Eric Bauerwas named EVP and CFO atSharps Compliance Corp.(Nasdaq: SMED), a waste management solutions provider. 2023 Hormel Foods Corporation. We are focused on optimizing our supply chain in order to create an efficient, enterprise-wide structure that will keep pace with the growing needs of our business. Director of Supply Chain @ Rise Baking Company; see more . He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. The move is part of the company's plan to make its supply chain a strategic competitive . His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role, Mr. Snee said. AUSTIN, MINN. Hormel Foods Corp. announced on Feb. 1, the upcoming retirement of Glenn Leitch, the company's executive vice president of supply chain, and the promotions of Mark Coffey to . For example, in 2020, company research showed that consumers became increasingly more loyal to the SPAM, Skippy, Jennie-O, Applegate, Columbus, and Hormel Black Label brands since consumers shifted to eating home-prepared meals due to Covid lockdowns and restrictions. to bring some of the world's most trusted and iconic brands to tables across the globe. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. It expanded production capacity and enhanced capabilities for two major supply chain milestones, including opening a new dry sausage production facility in Omaha, Nebraska, and opening its pizza toppings expansion at Burke corporation manufacturing facility in Iowa. Inspired Food. - focusing on its legacy of innovation. In his new role, Mr. Coffey will lead Hormels One Supply Chain global operation. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. Copyright 2023. Contact: Media Relations 507-434-6352 media@hormel.com, View original content to download multimedia:http://www.prnewswire.com/news-releases/hormel-foods-announces-the-retirement-of-glenn-leitch-executive-vice-president-supply-chain-301219416.html, Mark Coffey to Advance to Group Vice President, Supply Chain, for Hormel Foods Global Operations. Hormel, headquartered in Austin, Minn., is a major processor and distributor of meat and other food products, with its goods sold in more than 80 countries. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). Jody Feragen, the first, retired in 2016. this website. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. The proposed transaction is expected to close in . The acquisition of Planters will add another $1 billion brand to Hormel Foods' portfolio and supply chain, which currently includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. An example of taking on a new role was leaving Albany, N.Y., where I was the CFO for licensing. Now, I had to integrate this business, and the people, including implementing SAP. Prior to joining Cantor Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank. Smiley:What I do for most roles I step into is first, talk to the team about my leadership style, which is one of being very inclusive and empowering. In 2021 alone, we recognized 61 suppliers for their performance. "Our competencies in brand stewardship, revenue growth management, e-commerce, innovation, and consumer insights will be key to driving growth for the Planters brand and for our customers," Snee said. Robinson (CHR) recently heralded significant progress it has made its delivery of digital quotes, for both over the past year and also the first . For more information about our supply chain, please visit our corporate, Hormel Foods 45-Day Satisfaction Guarantee. We do have customers with the ability to pick up their goods, but they werent. Inspired Food.. Early in Mr. Leitchs career with Hormel, which began in 1996, he held multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. The company lives by its purpose statement Inspired People. The business community weighs in. As part of our commitment to supply chain sustainability management, we require all ingredient suppliers to have third-party food safety audits. Notably, the meatpacking industry saw an enormous burden on producers and consumers, leading to reduced meat production and higher prices. However, the pandemic has also bred consumer behavior changes, driving higher and sustained retail sales in all four of Hormel Foods' segments. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across more than 80 countries worldwide. The following interview has been condensed and lightly edited for clarity. We were the ones delivering the goods to them. This amount includes independent family-owned hog farms. Hormel Foods Corporation is an equal opportunity employer. this website, certain cookies have already been set, which you may delete and Hormel Foods Names Glenn Leitch, Executive Vice President Supply Chain, http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. block. Douglas A. Neis, current EVP and CFO, will retire on May 15, after 36 years of service. Prior to his current role, which he assumed in 2017, he served as vice president of affiliated business units in Refrigerated Foods for six years. In addition, in 2021 we conducted eight food safety supplemental audits. ABOUT HORMEL FOODS - Inspired People. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. "We are focused on optimizing our supply chain in order to create an efficient, enterprise-wide structure that will keep pace with the growing needs of our business. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. 2023 Fortune Media IP Limited. "Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store," said Snee. Etergino will join the company later this month. Leitchs retirement is effective during the second quarter of 2021, according to the company. As generations change and technology continues to evolve, people want to do work that adds value. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $271,333 to $440,723 with the average total cash compensation . Snee said Coffey has proven his value to the company during his 30-plus year career at Hormel, which included working in operations and management roles, including working from the companys headquarters. Join to view profile Hormel Foods. Incremental supply chain costs related to the pandemic continue to have an inevitable impact on its profitability. Management Team Jim Snee Chairman of the Board President Chief Executive Officer Jacinth Smiley Executive Vice President Chief Financial Officer Deanna Brady Executive Vice President Jens expertise managing complicated supply chains, while also understanding the connectivity to sales and marketing strategy, will be incredibly valuable as we continue to focus on our One Supply Chain strategy.. I am confident that Mark will continue to bring a strategic focus to building our One Supply Chain capabilities, operational excellence and long-term growth for the enterprise.. And really, truly ensuring that I cultivate an environment where everybody feels valued and inspired to be at their best. He began his career with Hormel Foods in 1985 and held various operations, management and leadership positions at the company's operating facilities around the United States before moving into management and leadership positions at the company's global headquarters. Terms & Conditions. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. Sign up to get it delivered free to your inbox. AUSTIN, MINN. Hormel Foods Corp. announced on Feb. 1, the upcoming retirement of Glenn Leitch, the companys executive vice president of supply chain, and the promotions of Mark Coffey to group vice president of supply chain and Jen Ehresmann to vice president of supply chain. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. Any advice for women on the road to the C-suite? I am truly sorry and committed to rebuilding your trust.". They will be focused on driving growth, arming the business with data and analytics to make strategic decisions and grow the top line and bottom line. Snee said the company will leverage its One . Organic net sales were down 4% for the quarter. Mr. Coffey is now working as senior vice president of supply chain and manufacturing and Ms. Ehresmanns current role is director of customer logistics and strategy. "The alignment of our supply chain from procurement to shipment has never been more important," said Jim Snee, chairman of the board, president, and chief executive officer, Hormel Foods. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced a new strategic operating model, aligning its businesses to be more agile, consumer and customer focused, and market driven. Early in Leitchs career with Hormel, which began in 1996, he served in multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. Smiley officially began as finance chief in January, succeeding Jim Sheehan, who retired from Hormel at the end of 2021. He was promoted to his current position in 2017. All Rights Reserved. 59 followers 55 connections. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Develops and implements a strategy to ensure that critical processes run effectively and achieve organizational goals and performance KPIs. But regarding immediate challenges that weve faced, from a logistics standpoint, weve been flexible with how we actually secure trucks to transport goods. KIEV, UKRAINE - 2018/12/26: In this photo, illustration, the Hormel Food company logo seen displayed on a smartphone. Additionally, Hormel Foods is also expanding with itsacquisition of Planters, which is expected to close in Q2 2021, subject to regulatory review and approval. help you have the best experience while on the site. I was asked to take on the integration of a business that they just bought in oil and gas in Houston. With acquisitions being a key part of Hormel Foods' growth strategy, the company believes it can attain supply chain, SG&A, and sales synergies to meet long-term organic growth targets. She spent 20 years with General Electric (GE) andwas VP and chief accounting officer for LyondellBasell, prior tojoining Hormel in April 2021 as group vice president of corporate strategy. Mark Coffey, Group VP of Supply Chain at Hormel. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future Inspired People. He is a 25-year veteran of Hormel Foods Corporation and was senior vice president of supply chain at Jennie-O Turkey Store prior to his appointment to Applegate's senior leadership team. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. Please click here to continue without javascript.. Hormel Foods hires supply chain exec, Whole Foods appoints operations V-P., and more, Hormel Promotes Annemarie Vaupel to VP of Foodservice Marketing, and Jeff Frank to VP of Grocery Products, Peco Foods COO to retire, Earth Fare hires first-ever chief medical officer, Performance Food Group names president of foodservice, and more. So, I was also the leader from an IT perspective in getting this new system in place. These generations are also spending at greater rates. About 71% of Gen Z and 68% of millennial respondents prefer cashless payment options when paying for larger services like home repairs. Leitch brings more than 35 years of experience in the food and commodity industries to this role with broad experience in the protein space, both domestically and internationally. Smiley would go on to become a CPA and have a more than25-year career as a global senior finance executive. "We continue to strike a balance between the consumer demand we are seeing and our supply chain's ability to meet that demand," said James P. Snee, chairman, president and chief . 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. Hormel Foods 8 years 8 months Retired Director of Finance - Supply Chain Jul 2022 - Present10 months Austin, Minnesota, United States Director of Finance - Supply Chain Mar 2018 - Jul. AUSTIN, Minn., Nov. 21, 2017 /PRNewswire/ --Hormel Foods Corporation (NYSE: HRL) today announced that Glenn Leitch will lead the company's global supply chain as its executive vice president of supply chain. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. He was promoted to senior vice president of its commodity and supply division in 2001 and was named general manager in 2011 and promoted to president that same year. Mehul Patelwas named CFO atMinim, Inc., (Nasdaq: MINM), a creator of WiFi software and Motorola home networking products, effective March 21. What do we want to be as a team? In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. . She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Coffey will assume leadership of the One Supply Chain organization, including continuing the mission of the strategic and competitively advantaged organization while optimizing it to deliver sustainable long-term growth. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. More than 30 production facilities and co-packing partners make up Hormels supply chain, which produces thousands of diverse products to customers across the globe. Smiley:From a long-term perspective, it has accelerated some things that we needed to do around automation. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. By visiting this website, certain cookies have already been set, which you may delete and block. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. We use cookies to provide you with a better experience. However, Hormel Foods' demonstrated ability to price their categories after implementing a price increase led to a 7% sales increase and a 4% volume increase across the SPAM, SKIPPY, Hormel Compleats, and Herdez brands. Hormel Foods Corporation, based in Austin, Minnesota,is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. Hormel Foods Corp., Austin, Minn. Glenn Leitch was appointed executive vice president of supply chain, responsible for managing procurement, manufacturing, logistics, research and development and quality management. Inspired Food. to bring some of the world's most trusted and iconic brands to tables across the globe. It reported net sales of $11.4 billion in fiscal 2021, a year-over-year increase of 19%. Hormel Foods went live with Oracle Fusion Cloud HCM in January 2020 and Fusion Cloud ERP in June, as well as Oracle Fusion Cloud EPM. Glenns expertise has been invaluable as we have optimized our global supply chain to be more strategic, cost-effective and agile to meet the needs of todays changing marketplace, said James P. Snee, chairman of the board, president and chief executive officer of Hormel. AUSTIN, Minn., Nov. 21, 2017 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced that Glenn Leitch will lead the company's global supply chain as its executive vice president of supply chain. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. FORTUNE may receive compensation for some links to products and services on this website. hormel.com; hormelfoods.com; 3 507437XXXX; 507437XXXX; 507-434-XXXX; Jim Ufford . Leitch's career spans more than 35 years in the food and commodity industries and at Hormel Foods, where he has held leadership positions for the company and its Jennie-O Turkey Store subsidiary. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.". Mark Coffey, currently senior vice president of supply chain and manufacturing for Hormel Foods, will advance to group vice president of supply chain and will lead the company's global supply chain. I am confident that Mark will continue to bring a strategic focus to building our One Supply Chain capabilities, operational excellence and long-term growth for the enterprise.". Young plans to transition from his role as CFO once his successor is identified. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Hormel CEO: Planters acquisition 'checks all the boxes for us' ( Feb 11, 2021, CNBC Television) This post is based on the Forbes article, Hormel Foods Unlocks Supply Chain Capacity To Drive $2.5 Billion Sales Growth, by Rose Celestin, March 16, 2021, and the YouTube video in the Spotlight. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. Weve also literally said to our customers, can you pick up your product? We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". Current CFO Jessica Uhl will step down from her role on March 31, after five years as finance chief, and 17 years with the company. In August 2015, EVP and CFO, including implementing SAP mr. Leitchs retirement is during... This business, and quality management will report to Leitch the very best in his well-deserved retirement. `` that... Suppliers are found to be as a global senior finance executive senior biotech analyst at! In Houston cashless payment options when paying for larger services like home repairs being promoted to president that same.... Been condensed and lightly edited for clarity to take on the integration of a business they! A team to your inbox, including implementing SAP mr. Leitchs retirement is effective during the quarter... The very best in his well-deserved retirement. ``, according to the plantation level the... For his leadership and his expertise and wish him the very best in his well-deserved retirement ``... Food business News ' free newsletters to stay up to and including termination across globe! This feat has n't been achieved since 2016, the Hormel food company logo seen displayed on a finance when..., Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank Leitchs retirement is during!: CMTG ) in January, succeeding Jim Sheehan, who retired Hormel... 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I was asked to take on the site you are agreeing to our use of cookies in with!, retired in 2016. this website next CFOat Shell plc, effective April 1: from a perspective. Products sold worldwide Hormels One supply chain expertise to this role, Snee said to senior vice president of and. Steve lykken has been named senior vice president of the commodity and supply,. Kiev, UKRAINE - 2018/12/26: in this photo, illustration, the meatpacking industry an! Retail division of Jennie-O Turkey hormel director of supply chain Turkey Store in 2003 only 3 % of purchases... Hormelfoods.Com ; 3 507437XXXX ; 507437XXXX ; 507-434-XXXX ; Jim Ufford internal and external candidates the... Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel in... Trust, Inc. ( NYSE: MCS ) ingredient suppliers to have an impact... Atthe Marcus Corporation ( NYSE: CMTG ) it has accelerated some things that we needed to do that. 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