Weve also literally said to our customers, can you pick up your product? 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. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. But, also finding opportunities for us to leverage technology such as RPA, machine learning, and A.I. 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.". 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. For more information on each of these leaders, visit www.hormelfoods.com. Advance our antibiotic stewardship efforts and pilot an antibiotic use measurement and reporting system. RMI Cobalt Refiner Supply Chain Due Diligence Standard . But our male counterparts, theyre the complete opposite. 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. 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. Senior Director of Communications Responsible Business Alliance . We use cookies to provide you with a better experience. We were the ones delivering the goods to them. Design, CMS, Hosting & Web Development :: Mark Coffey, newgroup vice president of supply chain for Hormel, and Jen Ehresmann, new vice president of supply chain. 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? Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of "The 100 Best Corporate Citizens" by Corporate Responsibility Magazine for the ninth year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. 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. Before that, he served as managing director of mergers and acquisitions advisory in the Midstream Energy Group at Evercore Partners. 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. "Hormel Foods is a distinctly different company than it was a decade ago, with a food forward, growth-oriented portfolio of leading brands and products that are aligned with our customer and consumer needs," said Jim Snee, Chairman of the board, President and Chief . Prior to joining Cantor Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. Copyright 2023. The company also invested $368 million into capital projects. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. Rising supply chain costs a key concern for C.P.G. The growth was driven by strength in refrigerated foods, Jennie-O Turkey Store, and the addition of the Planters snack nuts business, Smiley said in Tuesdays earnings call. As part of our commitment to supply chain sustainability management, we require all ingredient suppliers to have third-party food safety audits. In fact, in calendar year 2021 only 3% of our purchases were from new suppliers. Despite absorbing$80 million - $100 millionin supply chain disruption costs in 2020 due to several of its plant facilities' closures, the company continued to flourish through its One Supply Chain initiative. "Jen brings significant supply chain expertise to this role," said Snee. We use cookies to provide you with a better experience. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. "Mark has had an outstanding career with Hormel Foods," Snee said. What was at the top of your agenda when you became CFO? "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.". "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. 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. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.". She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Hormel Foods Surprises Community Nonprofits . The One Supply . Additionally, Jen Ehresmann was named to vice president of supply chain. Powered and implemented by Interactive Data Managed Solutions. Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store, said Snee. 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. 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. "Jen brings significant supply chain expertise to this role," said Snee. He was promoted to senior vice president of its commodity and supply division in 2001 and was appointed to general manager in 2011 and promoted to president that same year. FORTUNE may receive compensation for some links to products and services on this website. Organic sales increased 13% for the quarter. The move is part of the companys plan to make its supply chain a strategic competitive advantage, while optimizing it to deliver sustainable long-term growth. "One of our 20 by 30 challenge goals is our commitment to set a Science Based Target for the reduction of greenhouse-gas emissions by 2023. 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. Inspired Food. - focusing on its legacy of innovation. Our purchasing spend with diverse businesses was $1.3 billion in calendar year 2021. Hormel Foods values the long-standing relationships we have established with our suppliers. This website requires certain cookies to work and uses other cookies to He held his current position since 2017. View original content with multimedia:http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Columbus, Wholly guacamole, Hormel Black Label and more than 30 other beloved brands. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. All Rights Reserved. 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. 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. Coffey is now working as senior vice president of supply chain and manufacturing and Ehresmanns current role is director of customer logistics and strategy. 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. I studied The Love Jones Cohort and found it was real: More Black Americans with higher education are choosing CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. I want to help manage your career. He became my sponsor through my entire 20 years there, and he is a white man. Corporate Manager of IT Applications - Supply Chain at Hormel Foods United States. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. "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.". And, are we aligned appropriately to drive the strategic priorities for the company? to bring some of the world's most trusted and iconic brands to tables across the globe. Robinson points to ongoing progress on digital quote delivery and shippers' cost savings. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. data. 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. This includes environmental and social responsibility, as well as business drivers for the upcoming year. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. Inspired Food. to bring some of the world's most trusted and iconic brands to tables across the globe. June 16, 2022 Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. 20 By 30 Challenge Goals As part of our 20 By 30 Challenge, we are striving to achieve the following goals by 2030: Maintain high standards for animal care and handling throughout our supply chain. 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. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. 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. Currently, Patel serves as VP of supply chain finance and transformation, for Verifone, a fintech company. The move is part of the company's plan to make its supply chain a strategic competitive . Alethia Youngwas namedCFO at Graphite Bio, Inc.(Nasdaq: GRPH), a clinical-stage gene editing company. 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. In addition to ensuring our suppliers comply with the food safety standards recognized by the Global Food Safety Initiative (GFSI), we make a concerted effort to give diverse companies, such as small, women-owned, minority-owned and veteran-owned businesses, the opportunity to supply quality products that meet our companys growing business needs. The Jennie-O supply chain has largely been run separately from the rest of the company's supply chain at Hormel Foods as it is vertically integrated. By closing this message or continuing to use our site, you agree to the use of cookies. Weve had to accelerate how we look at data and use that intelligence. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. 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 Jim Snee, chairman of the board, president and chief executive officer of Hormel. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. We do have customers with the ability to pick up their goods, but they werent. 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. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. For more information, visit www.hormelfoods.com and https://csr.hormelfoods.com/. Organic net sales were down 4% for the quarter. The following interview has been condensed and lightly edited for clarity. You mentioned the importance of data. By closing this message or continuing to use our site, you agree to the use of cookies. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. 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. 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. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. The One Supply Chain team will continue to oversee the company's global supply chain. The company lives by its purpose statement Inspired People. "I have made a lot of mistakes since starting Rivian more than 12 years ago, but this one has been the most painful. 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. In his new role, Mr. Coffey will lead Hormels One Supply Chain global operation. Young plans to transition from his role as CFO once his successor is identified. Additionally, Hormel Foods is also expanding with itsacquisition of Planters, which is expected to close in Q2 2021, subject to regulatory review and approval. According to Jim Snee, this strategic acquisition will contribute to Hormel Foods' evolution from a commodity-oriented, meat-centric company. 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. I can tell you, I never, in my 20 years at GE, truly interviewed for one job. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. All Rights Reserved BNP Media. Smiley:Be flexible and open to new opportunities, even if it seems like a stretch. Solidifies Companys Plans to Modernize and Optimize Global Supply Chain. Report this profile . Third-party audits may be conducted based on the results of these assessments. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. 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. Our management team fosters an environment where careers flourish and innovative ideas come to life. 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. 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 Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel Smiley:Yes, absolutely. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. So, I was also the leader from an IT perspective in getting this new system in place. I recently talked with Smiley, who also oversees IT, about her first task as CFO, navigating supply chain issues, and mentoring. Jai Agarwalwas named CFO atClaros Mortgage Trust, Inc. (NYSE: CMTG). Smiley officially began as finance chief in January, succeeding Jim Sheehan, who retired from Hormel at the end of 2021. Terms & Conditions. Jody Feragen, the first, retired in 2016. He was promoted to his current position in 2017. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. Earlier in her career, she was a research policy analyst and president at Marwood Group. 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. 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. 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 addition, in 2021 we conducted eight food safety supplemental audits. 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