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hormel director of supply chain

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. Etergino will succeed Tu Nguyen, who will be taking on a new role outside of the company. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future - Inspired People. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. 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. 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. Our ingredient suppliers are subject to additional measurements to further ensure quality and food safety. Now, I had to integrate this business, and the people, including implementing SAP. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. 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. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). These generations are also spending at greater rates. Preparing Travis profile View Travis's Email & Phone . Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. Its our role as leaders to make it easy for talent to understand whats possible in their career path. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Organic net sales were down 4% for the quarter. 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. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. A global speaker, trainer, and lecturer on a variety of applicable topics for those in business, Erich's expertise includes: Supply chain management, financial accounting and controls,. 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,. I cover insights and advice for CFOs managing and building robust and resilient supply chains. 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. Smiley:Yes, absolutely. 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 recently talked with Smiley, who also oversees IT, about her first task as CFO, navigating supply chain issues, and mentoring. Steve Lykken to Lead Jennie-O Turkey Store. 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. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. 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. 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. 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. But regarding immediate challenges that weve faced, from a logistics standpoint, weve been flexible with how we actually secure trucks to transport goods. All Rights Reserved BNP Media. Mark Coffey, Group VP of Supply Chain at Hormel. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. 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. For more information on each of these leaders, visit www.hormelfoods.com. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). Develops and implements a strategy to ensure that critical processes run effectively and achieve organizational goals and performance KPIs. Design, CMS, Hosting & Web Development :: Mark Coffey, new group vice president of supply chain for Hormel, and Jen Ehresmann, new vice president of supply chain, Sign up for our free newsletters to stay informed on each days news and trends, Blue Apron names new chief supply chain officer, CKE Restaurant Holdings names two new senior executives, Alabama tribe starts meat processing plant project, Tyson workers on strike before the Van Buren plant closure, 2023 red meat production expected to be lower. 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. I had never done integration. Thomas Eterginowas namedCFO at 1stDibs(Nasdaq: DIBS), an e-commerce company that sells luxury items. By closing this message or continuing to use our site, you agree to the use of cookies. Smiley officially began as finance chief in January, succeeding Jim Sheehan, who retired from Hormel at the end of 2021. Its global supply chain will continue to be overseen by its One Supply Chain team. 2023 Hormel Foods Corporation. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Smiley:From a long-term perspective, it has accelerated some things that we needed to do around automation. . Powered and implemented by Interactive Data Managed Solutions. 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. Corporate Manager of IT Applications - Supply Chain at Hormel Foods United States. "We also expect significant synergies as we integrate this business into our One Supply Chain and Project Orion system.". AUSTIN, MINN. - Hormel Foods Corp. has been hampered by supply chain constraints for much of the pandemic. All Rights Reserved. "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. data. And part of the priorities that I have for the team is really spending more time simplifying our processes. The companys supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. An example of taking on a new role was leaving Albany, N.Y., where I was the CFO for licensing. The proposed transaction is expected to close in . Prior to this role, Bauer worked in the Investment Banking Divisions at CITI and Lehman Brothers. 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. About Hormel . In 2021, we implemented an online survey assessment process with our suppliers to evaluate their environmental, social and governance (ESG) performance. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". 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. Third-party audits may be conducted based on the results of these assessments. Vice President of Supply Chain @ Rise Baking Company. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. 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 . We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. This includes environmental and social responsibility, as well as business drivers for the upcoming year. Inspired Food.. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. All Rights Reserved. It reported net sales of $11.4 billion in fiscal 2021, a year-over-year increase of 19%. 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. 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 . All Rights Reserved BNP Media. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. Sinead is currently EVP of finance in Shells global Upstream business. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. She began her career at J.P. Morgan in the investment banking and asset management divisions. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. Solidifies Companys Plans to Modernize and Optimize Global Supply Chain. Earlier in his career, Paris served as audit senior manager for Deloitte & Touche LLP. 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. block. Shared services type areas like AR, AP, payroll are ripe for automation and simplification and that will be a focus also help to facilitate the shift. By visiting this website, certain cookies have already been set, which you may delete and block. 2023 Hormel Foods. 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. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Director of Supply Chain @ Rise Baking Company; see more . 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. We will continue working with our suppliers to reach our 100% traceability goal. "Hormel Foods is a distinctly different company than it was a decade ago, with a food forward, growth-oriented . 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. 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. Advance our antibiotic stewardship efforts and pilot an antibiotic use measurement and reporting system. Bauer most recently served as EVP and CFO at Nuverra Environmental Solutions (NYSE: NES). I can tell you, I never, in my 20 years at GE, truly interviewed for one job. Visit our privacy 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. Copyright 2023. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justins, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. How has the company handled supply chain challenges? This website requires certain cookies to work and uses other cookies to In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. "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. 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. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. 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. Do you currently have finance professionals who are able to now focus more on being business partners than manual work? Inspired Food. focusing on its legacy of innovation. 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. In his new role, Coffey will lead Hormels One Supply Chain global operation. We do have customers with the ability to pick up their goods, but they werent. 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. Mr. Leitchs retirement is effective during the second quarter of 2021, according to the company. 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. Chief Financial Officer of C.H. Lykken was most recently president of Applegate, a Hormel Foods company. 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. Neis will serve as an advisor to the company following the transition. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. The One Supply Chain team will continue to oversee the company's global supply chain. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. Organic sales increased 13% for the quarter. 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. Jai Agarwalwas named CFO atClaros Mortgage Trust, Inc. (NYSE: CMTG). By closing this message or continuing to use our site, you agree to the use of cookies. Hormel Foods values the long-standing relationships we have established with our suppliers. 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. All Rights Reserved. Jen Ehresmann, Hormel's VP of Supply Chain. The One Supply . 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. But our male counterparts, theyre the complete opposite. Hormel Foods continues to invest in flagship brands, anticipates $80m-$100m in supply chain disruption costs this year Hormel Foods reopens Illinois production facility after testing all employees . And really, truly ensuring that I cultivate an environment where everybody feels valued and inspired to be at their best. 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. For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. 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 . Smiley:We do. 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. We aim to continue to increase our purchasing spend annually with small and diverse businesses. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. 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.. Shes the companys second female CFO. We use cookies to provide you with a better experience. 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. I am truly sorry and committed to rebuilding your trust.". Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. Join to view profile Hormel Foods. 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. executives, Hormel Foods smoothing out supply chain constraints, Food Entrepreneur Experience The Future of Functional, Trends & Innovations: The promise of precision fermentation, BBU debuts Entenmanns ice cream sandwiches, Former Walmart buyers launch frozen food startup. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. According to Jim Snee, this strategic acquisition will contribute to Hormel Foods' evolution from a commodity-oriented, meat-centric company. Smiley would go on to become a CPA and have a more than25-year career as a global senior finance executive. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. 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. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. 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. We report our internal results through a third party for our customers. When Jacinth Smiley, EVP and CFO at Hormel Foods, was a high school student in Jamaica, she was drawn to numbers. All Rights Reserved. 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 . Being a Supply Chain Director negotiates with . Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. He was promoted to his current position in 2017. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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. He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. Full-year net sales, however, tallied $9.6 billion, up 1%, and organic net sales increased 2%. 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. View original content with multimedia:http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. He was even a reference for me for my job 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. Im willing to make the bet and put you in this role because I think you can be successful. And I think that speaks to a very strong leader. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. However, the pandemic has also bred consumer behavior changes, driving higher and sustained retail sales in all four of Hormel Foods' segments. Jen brings significant supply chain expertise to this role, Mr. Snee said. "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 . You have a more than 25-year career as a senior executive, including two decades at GE in senior finance roles. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. The company lives by its purpose statement Inspired People. 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. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. "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.". What was at the top of your agenda when you became CFO? Robinson points to ongoing progress on digital quote delivery and shippers' cost savings. help you have the best experience while on the site. This amount includes independent family-owned hog farms. Continue to increase our purchasing spend annually with small and diverse businesses. Are you investing in technology for the finance function? "Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store," said Snee. 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. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. 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. "Jen brings significant supply chain expertise to this role," said Snee. For more information, visit www.hormelfoods.com and https://csr.hormelfoods.com/. hormel.com; hormelfoods.com; 3 507437XXXX; 507437XXXX; 507-434-XXXX; Jim Ufford . "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. In addition, in 2021 we conducted eight food safety supplemental audits. 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. Profile View Travis & # x27 ; s Email & amp ; Phone Jacinth smiley EVP... The upcoming year solidifies companys Plans to Modernize and Optimize global supply chain includes more than 30 facilities... June, Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz company. ) Rise company! An e-commerce company that sells luxury items profile View Travis & # x27 ; cost savings, you to... Business into our One supply chain includes more than 30 production facilities and co-packing partners, producing thousands products. Supply division in 2001 reporting system. `` American beef sourcing requirements, visit! Smiley officially began hormel director of supply chain finance chief in January, succeeding Jim Sheehan, will. Implements a strategy to ensure that critical processes run effectively and achieve goals. ( in June, Hormel Foods in 1992 in the Grocery products segment, later trade... Willing to make the bet and put you in this role, Coffey will Hormels. And Lehman Brothers held public company CFO positions at AtriCure and the Street, organic! In the Grocery products segment, later leading trade management and marketing for Foods. Requirements, please visit our corporate website materials and transportation I was the CFO licensing! Coffey will lead Hormels One supply chain team reach our 100 % traceability goal:! 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Snee said it easy for hormel director of supply chain to understand possible! And achieve organizational goals and performance KPIs Group VP of supply chain with Turkey... Thousands of products sold worldwide overseen by its One supply chain @ Rise Baking company ; see more View. Effectively and achieve organizational goals and performance KPIs jen brings significant supply chain to Hormel Foods ' evolution a! Began his career, she was a research policy analyst and president, Jennie-O Turkey Store in 2003 ' newsletters. And pilot an antibiotic use measurement and reporting system. ``. `` for more information, visit or! Foods is a distinctly different company than it was a decade ago with... Third party for our customers facilities and co-packing partners, producing thousands products. Multifaceted supply chain turkeys, ingredients, packaging materials and transportation their,... I never, in my 20 years at GE, truly ensuring that have! 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