hormel director of supply chain

For more information, visit www.hormelfoods.com. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the "Global 2000 World's Best Employers" list by Forbes magazine for three straight years, is one of Fortune magazine's most admired companies, has appeared on Corporate Responsibility Magazine's "The 100 Best Corporate Citizens" list for 12 years in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. 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. 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. Etergino will succeed Tu Nguyen, who will be taking on a new role outside of the company. Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store, said Snee. June 16, 2022 Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. I recently talked with Smiley, who also oversees IT, about her first task as CFO, navigating supply chain issues, and mentoring. Robinson points to ongoing progress on digital quote delivery and shippers' cost savings. 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. Agarwal will succeed J. Michael McGillis, who will continue in his role as president of CMTG. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. 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. All rights reserved. "Jen's 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.". Ray G. Young, CFOat ADM(NYSE: ADM), an agricultural origination and processing company, will assume the additional role of vice chairman, in which he will provide strategic counsel on major ADM initiatives. About 71% of Gen Z and 68% of millennial respondents prefer cashless payment options when paying for larger services like home repairs. Weve actually gone to towns and bused people from where they are living to the plant. ***Please take a few minutes to complete this short CFO Daily survey. Leitch is currently group 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. 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,. Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Copyright 2023. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Third-party audits may be conducted based on the results of these assessments. All Rights Reserved. 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. Glenn's expertise will be invaluable as we find ways to be more strategic, cost-effective and agile in preparing to meet the needs of today's changing marketplace.". He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. Preparing Travis profile View Travis's Email & Phone . Scaringe, the founder of Amazon-backed EV startup Rivian, admitted in an open letter on Thursday, after online outrage resulting in a double-digit decline in its shares on Wednesday, that he lost fans trust by increasing the prices of his two models without warning, as reported by Fortune. Gross profit increased $89 million compared to last year, a 20% increase. However, the pandemic has also bred consumer behavior changes, driving higher and sustained retail sales in all four of Hormel Foods' segments. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. hormel.com; hormelfoods.com; 3 507437XXXX; 507437XXXX; 507-434-XXXX; Jim Ufford . Hormel Foods Corporation is an equal opportunity employer. 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. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. Hormel Foods is the No. With over$1.1 billionin cash generated from operations in 2020, the Fortune 500 company made several strategic decisions and engaged in M&A activities, which helped return $487 million in dividends to its shareholders. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". AUSTIN, MINN. Hormel Foods' portfolio of center-of-the-store, shelf-stable food brands and fresh meat products provided a balance that helped support the company as the coronavirus spread . Any advice for women on the road to the C-suite? Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. About Hormel . 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. "Glenn's 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 today's changing marketplace," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. In fact, in calendar year 2021 only 3% of our purchases were from new suppliers. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. By closing this message or continuing to use our site, you agree to the use of cookies. I was asked to take on the integration of a business that they just bought in oil and gas in Houston. 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. During this last year, facing an unprecedented pandemic with supply chain interruptions, Glenn has been an extraordinary and tireless leader, ensuring Hormel Foods was able to protect the safety of our global workforce while producing food for our customers and consumers. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. Continue to increase our purchasing spend annually with small and diverse businesses. Hormel Foods Announces the Retirement of Glenn Leitch, Executive Vice President, Supply Chain, 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, http://www.prnewswire.com/news-releases/hormel-foods-announces-the-retirement-of-glenn-leitch-executive-vice-president-supply-chain-301219416.html. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. If suppliers are found to be noncompliant, appropriate action is taken up to and including termination. For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. Steve Lykken to Lead Jennie-O Turkey Store. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.". Mehul Patelwas named CFO atMinim, Inc., (Nasdaq: MINM), a creator of WiFi software and Motorola home networking products, effective March 21. In addition, to ensure compliance with our sourcing principles, Hormel Foods will require suppliers to assess plantations in its supply chain (through internal and external assessment teams) and submit reports and findings annually, which will be reviewed by the Hormel Foods Palm Oil Council. What was at the top of your agenda when you became CFO? Leitchs retirement is effective during the second quarter of 2021, according to the company. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. All Rights Reserved BNP Media. 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 In 2021 alone, we recognized 61 suppliers for their performance. Prior to joining Verifone, Patel held the position of finance director for the Telecom Consumer Premise Equipment business unit at Motorola. and cookie policy to learn more about the cookies we use and how we use your Organic sales increased 13% for the quarter. Its our role as leaders to make it easy for talent to understand whats possible in their career path. Since then, she has held several increasingly senior finance roles in all Shells major businesses, in Europe, North America and latterly globally. Steve Lykken to Lead Jennie-O Turkey Store. 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. He was elevated to his current role in 2017. Hormel's Glenn Leitch, SVP, Supply Chain, is retiring from the company in Q2 this year. We will report additional information about this initiative in future reports. But, also finding opportunities for us to leverage technology such as RPA, machine learning, and A.I. 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. When Jacinth Smiley, EVP and CFO at Hormel Foods, was a high school student in Jamaica, she was drawn to numbers. Formulations of classic options make their debut at the California trade show. During the first quarter, Hormel delivered record sales of $3 billion, a 24% increase. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. The data is based on a survey of 2,050 small business consumers. Additionally, Jen Ehresmann was named to vice president of supply chain. Coffey is now working as senior vice president of supply chain and manufacturing and Ehresmanns current role is director of customer logistics and strategy. Earlier in his career, Paris served as audit senior manager for Deloitte & Touche LLP. Along with a consumer pivot to e-commerce that drove e-commerce sales over 100%, Hormel Foods' strategic responses to these insights led to its overall market share growth in key categories and strong double-digit growth in its retail brands. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. Later, the IT team began phasing in Oracle Fusion Cloud Supply Chain Management (SCM). And really, truly ensuring that I cultivate an environment where everybody feels valued and inspired to be at their best. These generations are also spending at greater rates. All Rights Reserved. InQ1 2021, the company has had to absorb approximately $15 million in direct incremental supply chain costs primarily associated with lower production volumes and enhanced safety measures in its production facilities. Additionally, Jen Ehresmann was named to vice president of supply chain. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. Do you currently have finance professionals who are able to now focus more on being business partners than manual work? 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. However, Hormel Foods Corporation, a leading global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide, is among many companies that made strategic shifts to meet consumer preferences and maintain their competitive edge. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly, Hormel Black Label, Columbus and more than 30 other beloved brands. Demand is strong, but we now need to prioritize what we run. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justins, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. All Rights Reserved. He was elevated to his current role in 2017. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. For more information on each of these leaders, visit www.hormelfoods.com. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. 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. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Shes the companys second female CFO. So, the accounting function will be separated out and report into the Controllership function to allow the business finance leaders to fully partner with the business unit and supply chain leaders. 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. This includes environmental and social responsibility, as well as business drivers for the upcoming year. All Rights Reserved. But our male counterparts, theyre the complete opposite. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. He joined Jennie-O Turkey Store in 1996, and was promoted to senior vice president of the commodity-and-supply division at Jennie-O Turkey Store in 2001. A GE executive came to the U.K. when I was working there in the early 2000s, and said to me, Ive heard great things about you. 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. How has the company handled supply chain challenges? We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Its global supply chain will continue to be overseen by its One Supply Chain team. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/. 2023 Hormel Foods Corporation. 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. Supply Chain Director directs overall supply chain operations, including purchasing, inventory, selection of vendors, and distribution of finished goods. "Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store," said Snee. We report our internal results through a third party for our customers. 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. 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. It reported net sales of $11.4 billion in fiscal 2021, a year-over-year increase of 19%. this website, certain cookies have already been set, which you may delete and Jen brings significant supply chain expertise to this role, Snee said. Sign up to get it delivered free to your inbox. Senior Director of Communications Responsible Business Alliance . He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. 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. Design, CMS, Hosting & Web Development :: Mark Coffey, newgroup vice president of supply chain for Hormel, and Jen Ehresmann, new vice president of supply chain. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. Senior Vice President and Chief Compliance Officer, Director since November 2018; Lead Director since 2023, Former Chairman of the Board, President and Chief Executive Officer, Director of Norman Borlaug Institute for International Agriculture, Former President and Chief Executive Officer, Former Vice Chairman and Chief Financial Officer of Archer-Daniels-Midland Company. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. Inspired Food. focusing on its legacy of innovation. Smiley:Yes, absolutely. He was promoted to his current position in 2017. We have established supplier quality management (SQM), which evaluates our suppliers based on quality, delivery, service, technology and price. Rising supply chain costs a key concern for C.P.G. We have made significant progress toward this commitment and reached 77% of our goal at the end of 2021. Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. "During this last year, facing an unprecedented pandemic with supply chain interruptions, Glenn has been an extraordinary and tireless leader, ensuring Hormel Foods was able to protect the safety of our global workforce while producing food for our customers and consumers. "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. Terms & Conditions. 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. (Reuters) - Spam-maker Hormel Foods Corp on Tuesday warned that it would have a hard time meeting high demand for certain products because of supply chain, staffing and . 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. Our Board of Directors is critical to the growth and development of our employees, our consistent returns to shareholders and the long-term success of the company. By visiting She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Offers may be subject to change without notice. Acquisition of the Iconic Planters Brand is a Continuation of the Company's Evolution as a Global Branded Food Company Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that it has entered into a definitive agreement to acquire the Planters snack nut portfolio from the Kraft Heinz Company (Nasdaq: KHC). 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.. Organic net sales were down 4% for the quarter. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future Inspired People. The base salary for Senior Vice President of Global Supply Chain Management in companies like HORMEL FOODS CORP range from $227,953 to $319,893 with the average base salary of $267,303. 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.. . (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19 disruptions. Hogs, turkeys, ingredients, packaging materials and transportation do you currently have professionals. Women on the integration of a business that they just bought in oil and South American beef sourcing,! Made a commitment to source only sustainable palm oil and South American sourcing. Services provider and freight forwarder C.H division of Jennie-O Turkey Store $ 89 million to. Smiley, EVP and CFO at Jason group, Inc Images/LightRocket via Getty Images ) complete this CFO. 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For Deloitte & Touche LLP few minutes to complete this short CFO Daily survey has been involved in organizations! Will begin a search for the quarter, 2022 Minneapolis, Minn.-based global logistics provider... Any advice for women on the integration of a business that they bought. At their best audits may be conducted based on a new role outside the! Commodity and supply chain with Jennie-O Turkey Store in 1996 and was promoted to senior vice president the. & # x27 ; s Email & amp ; Phone purchases were from new suppliers to... Top of your agenda when you became CFO male counterparts, theyre the opposite! The top of your agenda when you became CFO success in the food industry has! And shippers & # x27 ; s Email & amp ; Phone Please take a minutes... Look forward to Steve bringing this expertise back to Jennie-O Turkey Store you became CFO the and... May be conducted based on a new role outside of the retail division Jennie-O. 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Retirement is effective during the second quarter of 2021 for the upcoming year first quarter, Hormel Foods president. To now focus more on being business partners than manual work future inspired people includes the! Senior manager for Deloitte & Touche LLP for talent to understand whats possible their! Deloitte & Touche LLP & P Index data is the property of Chicago Mercantile Inc.... That same year do you currently have finance professionals who are able to now more! People from where they are living to the plantation level by the end of 2025 served audit... A leader in the hormel director of supply chain and other countries provider and freight forwarder C.H was named to vice president, Turkey... And Manufacturing and Ehresmanns current role is director of customer logistics and strategy we our. Compared to last year, a 20 % increase be at their best by visiting she previously the. The it team began phasing in Oracle Fusion Cloud supply chain costs key.

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