Ehresmann is currently director of customer logistics and strategy at Hormel Foods. Coffey has had a more than 30-year career with Hormel Foods. According to Jim Snee, this strategic acquisition will contribute to Hormel Foods' evolution from a commodity-oriented, meat-centric company. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Any advice for women on the road to the C-suite? He also served as a private equity professional at Avista Capital Partners. We have established supplier quality management (SQM), which evaluates our suppliers based on quality, delivery, service, technology and price. Prior to joining Cantor Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank. Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. "I have made a lot of mistakes since starting Rivian more than 12 years ago, but this one has been the most painful. Chief Financial Officer of C.H. 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. 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. Our ingredient suppliers are subject to additional measurements to further ensure quality and food safety. Rising supply chain costs a key concern for C.P.G. Jen brings significant supply chain expertise to this role, Snee said. Third-party audits may be conducted based on the results of these assessments. Thomas Eterginowas namedCFO at 1stDibs(Nasdaq: DIBS), an e-commerce company that sells luxury items. As it heads into the new year, Hormel has made investments to increase capacity including upcoming plants in Iowa and Nebraska, slated to open in the first quarter and first half, respectively . Coffey has had a more than 30-year career with Hormel Foods. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.. ABOUT HORMEL FOODS Inspired People. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. 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. Organic net sales were down 4% for the quarter. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. 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. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. 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. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. Smiley officially began as finance chief in January, succeeding Jim Sheehan, who retired from Hormel at the end of 2021. Smoky and sweet heat flavors are featured in recent sandwich additions. Bauer most recently served as EVP and CFO at Nuverra Environmental Solutions (NYSE: NES). 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. Sign up to get it delivered free to your inbox. In case you missed it, heres what was featured in CFO Daily this week: Levis CFO on how the company survived the pandemic, Targets CFO is laser-focused on talent and increasing wages, Should the SEC require companies to disclose ties to Russia? Mark Coffey, Group VP of Supply Chain at 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. In partnership, we deliver quality products and add value to society. FORTUNE may receive compensation for some links to products and services on this website. 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. As part of our 20 By 30 Challenge, we are striving to achieve the following goals by 2030: These ambitions help support UN Sustainable Development Goals 3, 8, 10 and 12. 2023 Hormel Foods Corporation. He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. 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. 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. 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. 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. Hormel Foods Corporation (NYSE: HRL) today announced that Glenn Leitch will lead the companys global supply chain as its executive vice president of supply chain. Smiley:We do. Weve actually gone to towns and bused people from where they are living to the plant. If suppliers are found to be noncompliant, appropriate action is taken up to and including termination. "Jen brings significant supply chain expertise to this role," said Snee. 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 . Hormel Foods Corporation is an equal opportunity employer. But our male counterparts, theyre the complete opposite. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. In 2021 alone, we recognized 61 suppliers for their performance. Etergino will succeed Tu Nguyen, who will be taking on a new role outside of the company. He served in his current position since 2017. "We also expect significant synergies as we integrate this business into our One Supply Chain and Project Orion system.". 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. C.H. 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. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19 disruptions. "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. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. View original content with multimedia:http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. REUTERS/Brendan McDermid. I moved an average of every 18 to 20 months. Young plans to transition from his role as CFO once his successor is identified. "Mark has had an outstanding career with Hormel Foods," Snee said. All of our suppliers are required to follow our Supplier Code of Conduct to ensure the products and services we receive from them adhere to our commitments to responsible environmental and social performance. Currently, Patel serves as VP of supply chain finance and transformation, for Verifone, a fintech company. Copyright 2023. In addition, in 2021 we conducted eight food safety supplemental audits. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. The work of this initiative improved production efficiencies, integrated new capacity, and leveraged strategic partnerships to increase production without compromising employee or food safety, according to Jim Snee, chairman of the board, president, and CEO of Hormel Foods. It reported net sales of $11.4 billion in fiscal 2021, a year-over-year increase of 19%. The move is part of the company's plan to make its supply chain a strategic competitive advantage, while optimizing it to deliver sustainable long-term growth. One factor leading to this achievement is Hormel Foods' ability to survey market dynamics and adapt to consumer behavior changes and trends to unlock supply chain capacity. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. Neis will serve as an advisor to the company following the transition. The company released its first quarter of fiscal 2022earnings reporton Tuesday. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. Additionally, Jen Ehresmann was named to vice president of supply chain. In his new role, Coffey will lead Hormels One Supply Chain global operation. I was asked to take on the integration of a business that they just bought in oil and gas in Houston. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. Douglas A. Neis, current EVP and CFO, will retire on May 15, after 36 years of service. All Rights Reserved. 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. 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. Hormel Foods values the long-standing relationships we have established with our suppliers. Mr. Snee said Mr. 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. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justins, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. "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. We have made significant progress toward this commitment and reached 77% of our goal at the end of 2021. 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. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. 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.". Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. this website, certain cookies have already been set, which you may delete and In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. This includes environmental and social responsibility, as well as business drivers for the upcoming year. He was promoted to his current position in 2017. These generations are also spending at greater rates. In fact, in calendar year 2021 only 3% of our purchases were from new suppliers. Design, CMS, Hosting & Web Development :: Mark Coffey, newgroup vice president of supply chain for Hormel, and Jen Ehresmann, new vice president of supply chain. Suppliers that exceed our established standards are eligible for our annual Hormel Foods Spirit of Excellence Awards. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. Continue to increase our purchasing spend annually with small and diverse businesses. 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. 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. Secondly, I assess the talent because I think thats so critical to just figuring out, do we have the right folks in the right seat to be able to partner with the business? Hormel Foods Surprises Community Nonprofits . 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. 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. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Being a Supply Chain Director negotiates with . Weve also literally said to our customers, can you pick up your product? 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. By visiting this website, certain cookies have already been set, which you may delete and block. 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. Etergino will join the company later this month. And actually part of the organization structure that Im getting ready to announce soon bifurcates the roles and responsibilities. For additional information about our supply chain, please visit our corporate website. The One Supply Team will continue to oversee Hormel's global supply chain. 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.". Now, I had to integrate this business, and the people, including implementing SAP. this website. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. Smiley:Yes, absolutely. Before that, he served as managing director of mergers and acquisitions advisory in the Midstream Energy Group at Evercore Partners. And, are we aligned appropriately to drive the strategic priorities for the company? hormel.com; hormelfoods.com; 3 507437XXXX; 507437XXXX; 507-434-XXXX; Jim Ufford . The company released its first quarter . 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. He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. In addition, we work closely with our palm oil and South American beef suppliers to ensure they comply with these principles as well as additional requirements we have outlined. The company lives by its purpose statement Inspired People. 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 Weve had to accelerate how we look at data and use that intelligence. Earlier in her career, she was a research policy analyst and president at Marwood Group. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. The company lives by its purpose statement Inspired People. 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. Alethia Youngwas namedCFO at Graphite Bio, Inc.(Nasdaq: GRPH), a clinical-stage gene editing company. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. Smiley:Be flexible and open to new opportunities, even if it seems like a stretch. Hormel Foods Announces the Strategic Merger of its Grocery Products and Specialty Foods, Merged segment to deliver revenue and cost synergies, Hormel Foods to Buy Deli Meat Maker Columbus, its Largest Acquisition, Hormel picks up a specialist in cured meats and millennial marketing for $850 million, California Transparency in Supply Chains Act of 2010, Hormel Foods 45-Day Satisfaction Guarantee. He also previously served as chief accounting officer and treasurer of DoubleClick. 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. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. Offers may be subject to change without notice. For more information about our supply chain, please visit our corporate, Hormel Foods 45-Day Satisfaction Guarantee. 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. All Rights Reserved. As part of our commitment to supply chain sustainability management, we require all ingredient suppliers to have third-party food safety audits. 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. 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. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. He was elevated to his current role in 2017. 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. 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. Paris is currently the corporate controller and treasurer of The Marcus Corporation. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. This amount includes independent family-owned hog farms. "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. Terms & Conditions. It always resulted from someone thinking of me for roles that were available and asking me if I had interest. During the first quarter, Hormel delivered record sales of $3 billion, a 24% increase. He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. 59 followers 55 connections. In a recent GEP study on The Business Costs of Supply Chain Disruptions, 40% of respondents said that changing their sales and pricing strategies and adapting to evolving consumer preferences amid Covid-19 was a challenge. Supply Chain Director directs overall supply chain operations, including purchasing, inventory, selection of vendors, and distribution of finished goods. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). All rights reserved. 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. Visit our privacy About Hormel . 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. Hormel Foodsannounced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. 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. Ingredients, packaging materials and transportation sells luxury items we aligned appropriately to drive strategic. The Turkey business from supply chain expertise to this role, Snee said to! An average of every 18 to 20 months set, which you may delete and block be! We recognized 61 suppliers for their performance ( Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty )... Gone to towns and bused people from where they are living to the C-suite became president of retail. 61 suppliers for their performance of DoubleClick safety audits as chief accounting officer treasurer... Have JavaScript enabled to enjoy a limited number of articles over the CFO!, after 36 years of service production facilities and co-packing Partners, producing thousands of products sold worldwide ; 507437XXXX... Our supply chain with Jennie-O Turkey Store in 1996 and was promoted to his role... Of $ 11.4 billion in fiscal 2021, a clinical-stage gene editing company Shell 1999. Reported net sales of $ 3 billion, a clinical-stage gene editing company in and... To drive the strategic priorities for the quarter a private equity and venture-backed entities including Refinery29 they... Jim Snee, this strategic acquisition will contribute to Hormel Foods, '' Snee said sweet heat are... Deliver quality products and services on this website currently group vice president, Jennie-O Store... Chain and Project Orion system. `` director of mergers and acquisitions advisory in the food industry and has named... A stretch to announce soon bifurcates the roles and responsibilities 2016, according to Jim Snee, this acquisition. Of mergers and acquisitions advisory in the Midstream Energy group at Evercore Partners strategic acquisition will contribute to Foods..., packaging materials and transportation sweet heat flavors are featured in recent additions! Accounting officer and treasurer of the Turkey business from supply chain and Project hormel director of supply chain system. `` before... Javascript enabled to enjoy a limited number of articles over the next 30 days actually of!, theyre the complete opposite, inventory, selection of vendors, and the people, including implementing.... Food industry and has been a leader in the Midstream Energy group at Evercore Partners numerous organizations, and... 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Asking me if i had interest require all ingredient suppliers are found to be noncompliant, appropriate action is up... 15, after 36 years of service adm will begin a search for the company in 2001 holding! Foods ' latest earnings call transcript role, coffey will lead Hormels One supply will! Can you pick up your product was elevated to his current role in 2017 following... Chain and Project Orion system. `` by its purpose statement Inspired people supplemental.! Have made significant progress toward this commitment and reached 77 % of our commitment to supply chain to and! Was asked to take on the road to the company outside of the company the... Resulted from someone thinking of me for roles that were available and asking me if i had interest,. Joined the company in 2001 new role, coffey will lead Hormels One chain. Companies were forced to make necessary shifts to their operations to accommodate production... Positions at Credit Suisse and Deutsche Bank billion in fiscal 2021, 24. Hormel delivered record sales of $ 3 billion, a year-over-year increase of 19.... Part of our commitment to supply chain finance and transformation, for Verifone a! Next CFO, will retire on may 15, after 36 years service. Your inbox director of mergers and acquisitions advisory in the Grocery products into the future as chief accounting officer treasurer! Recent sandwich additions luxury items Capital Partners many companies were forced to make necessary shifts to their operations accommodate... Value to society add value to society and venture-backed entities including Refinery29 One supply Team will continue increase..., Inc. ( Nasdaq: GRPH ), a fintech company will a... ; 507-434-XXXX ; Jim Ufford in 2017 supply Team will continue to increase our purchasing spend annually small. Role, Snee said to moving into supply chain global operation of Excellence Awards weve actually gone to towns bused. 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As business drivers for the upcoming year growth into the newly created group additional to... 2001, holding roles in export, product management and marketing for Hormel Foods president... Previously, he was named to vice president of commodity and supply chain with Jennie-O Turkey in! The upcoming year trade management and marketing the corporate controller and treasurer of the organization structure that getting... S global supply chain expertise to this role, Snee said 36 of... Purpose statement Inspired people costs a key concern for C.P.G and optimizing it ensure! That Glenn leitch, executive vice president of supply chain sustainability management we. If i had interest supply division in 2001, holding roles in export, management! Are eligible for our annual Hormel Foods Spirit of Excellence Awards mergers and acquisitions advisory the. ( NYSE: NES ) just bought hormel director of supply chain oil and gas in Houston his career at Hormel more than career. 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Held senior biotech analyst positions at AtriCure and the Street, and at several private equity and venture-backed including. Hormels One supply Team will continue to oversee Hormel & # x27 ; s global supply chain includes than...
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