"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. Coffey has had a more than 30-year career with Hormel Foods. 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 Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. All Rights Reserved. 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. You mentioned the importance of data. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. Mehul Patelwas named CFO atMinim, Inc., (Nasdaq: MINM), a creator of WiFi software and Motorola home networking products, effective March 21. Chief Financial Officer of C.H. Smiley:Yes, absolutely. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. As generations change and technology continues to evolve, people want to do work that adds value. 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. As they have aged and advanced in their careers, their purchasing power has grown significantly, according to the report. Lykken was most recently president of Applegate, a Hormel Foods company. Prior to joining Cantor Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. If appropriate corrective actions cannot be agreed to or are not made, Hormel Foods will suspend or discontinue purchases from the supplier. Report this profile . Sinead is currently EVP of finance in Shells global Upstream business. KIEV, UKRAINE - 2018/12/26: In this photo, illustration, the Hormel Food company logo seen displayed on a smartphone. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. We do have customers with the ability to pick up their goods, but they werent. 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. We also meet with our top suppliers annually to evaluate their initiatives and review service metrics along with diverse business spend and sustainability. Prior to this role, Bauer worked in the Investment Banking Divisions at CITI and Lehman Brothers. I recently talked with Smiley, who also oversees IT, about her first task as CFO, navigating supply chain issues, and mentoring. All rights reserved. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. He was promoted to his current position in 2017. It reported net sales of $11.4 billion in fiscal 2021, a year-over-year increase of 19%. And, are we aligned appropriately to drive the strategic priorities for the company? Completed initiatives have unlocked capacity and given the company the opportunity to fully meet demand. "Jen brings significant supply chain expertise to this role," said Snee. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. In his new role, Coffey will lead Hormels One Supply Chain global operation. The company lives by its purpose statement Inspired People. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. 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. 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. Lykken was most recently president of Applegate, a Hormel Foods company. 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. Its global supply chain will continue to be overseen by its One Supply Chain team. 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. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. Thomas Eterginowas namedCFO at 1stDibs(Nasdaq: DIBS), an e-commerce company that sells luxury items. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. 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. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. Solidifies Companys Plans to Modernize and Optimize Global Supply Chain. Advance our antibiotic stewardship efforts and pilot an antibiotic use measurement and reporting system. 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. Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19 disruptions. Neis will serve as an advisor to the company following the transition. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future - Inspired People. 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 . REUTERS/Brendan McDermid. Prior to joining Verifone, Patel held the position of finance director for the Telecom Consumer Premise Equipment business unit at Motorola. 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. We aim to continue to increase our purchasing spend annually with small and diverse businesses. All Rights Reserved. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. I can tell you, I never, in my 20 years at GE, truly interviewed for one job. 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. What was at the top of your agenda when you became CFO? Since joining Hormel in 2001, Ehresmann worked in roles involving product exporting, management and marketing in addition to working as senior vice president of commodity and supply chain with Jennie-O Turkey Store. Organic sales increased 13% for the quarter. I am truly sorry and committed to rebuilding your trust.". 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. About 71% of Gen Z and 68% of millennial respondents prefer cashless payment options when paying for larger services like home repairs. this website, certain cookies have already been set, which you may delete and Robinson (CHR) recently heralded significant progress it has made its delivery of digital quotes, for both over the past year and also the first . By visiting this website, certain cookies have already been set, which you may delete and block. We use cookies to provide you with a better experience. Join to view profile Hormel Foods. During his 18 years at Motorola, he was a part of six acquisitions and saw the companys name change from Motorola Home to Motorola Mobility, a Google Company, to ARRIS and in 2019 to CommScope. 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. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. They might not know how to do nine of the 10 job requirements, but theyll still take the job. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. Robinson points to ongoing progress on digital quote delivery and shippers' cost savings. Smiley:We do. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Columbus, Wholly guacamole, Hormel Black Label and more than 30 other beloved brands. Demand is strong, but we now need to prioritize what we run. 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. All Rights Reserved. If a supplier is found to be in violation of our Supplier Code of Conduct/sourcing policies, we require the supplier to implement corrective actions. Etergino will succeed Tu Nguyen, who will be taking on a new role outside of the company. Paris is currently the corporate controller and treasurer of The Marcus Corporation. Our purchasing spend with diverse businesses was $1.3 billion in calendar year 2021. In partnership, we deliver quality products and add value to society. As women, we sometimes think we need to be able to check off all the boxes. 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. C.H. Management Team Jim Snee Chairman of the Board President Chief Executive Officer Jacinth Smiley Executive Vice President Chief Financial Officer Deanna Brady Executive Vice President Third, establishing our vision. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Develops and implements a strategy to ensure that critical processes run effectively and achieve organizational goals and performance KPIs. 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. 2023 Hormel Foods Corporation. But regarding immediate challenges that weve faced, from a logistics standpoint, weve been flexible with how we actually secure trucks to transport goods. 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. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. We were the ones delivering the goods to them. Etergino will join the company later this month. 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.". We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". 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. The data is based on a survey of 2,050 small business consumers. 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. Jen brings significant supply chain expertise to this role, Snee said. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly, Hormel Black Label, Columbus and more than 30 other beloved brands. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. Corporate Manager of IT Applications - Supply Chain at Hormel Foods United States. 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 . In 2021, we implemented an online survey assessment process with our suppliers to evaluate their environmental, social and governance (ESG) performance. 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. I want to help manage your career. He became my sponsor through my entire 20 years there, and he is a white man. I had an accounting teacher, and she was just amazing, Smiley told me. 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. Hormel Foods Surprises Community Nonprofits . By continuing to browse the site you are agreeing to our use of cookies in accordance with our. By closing this message or continuing to use our site, you agree to the use of cookies. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. However, the pandemic has also bred consumer behavior changes, driving higher and sustained retail sales in all four of Hormel Foods' segments. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. 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 . The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Smoky and sweet heat flavors are featured in recent sandwich additions. We use cookies to provide you with a better experience. Hormel Foods Corporation is an equal opportunity employer. Copyright 2023. 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. data. All Rights Reserved. The proposed transaction is expected to close in . Weve actually gone to towns and bused people from where they are living to the plant. Smiley:From a long-term perspective, it has accelerated some things that we needed to do around automation. 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. 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. I cover insights and advice for CFOs managing and building robust and resilient supply chains. By visiting this website, certain cookies have already been set, which you may delete and block. 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. Later, the IT team began phasing in Oracle Fusion Cloud Supply Chain Management (SCM). Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/. "We continue to strike a balance between the consumer demand we are seeing and our supply chain's ability to meet that demand," said James P. Snee, chairman, president and chief . "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. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. 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. 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. 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. 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 . Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. 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. He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. He was promoted to his current position in 2017. 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. "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. Hormel, headquartered in Austin, Minn., is a major processor and distributor of meat and other food products, with its goods sold in more than 80 countries. In addition, in 2021 we conducted eight food safety supplemental audits. "We also expect significant synergies as we integrate this business into our One Supply Chain and Project Orion system.". Robinson Worldwide, Inc. 2023 Hormel Foods Corporation. Director of Supply Chain @ Rise Baking Company; see more . 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. How has the company handled supply chain challenges? Additionally, over 87% of all new Hormel Foods consumers made a repeat purchase during the pandemic, and more than 75% of these new consumers made two or more purchases. Smiley:Be flexible and open to new opportunities, even if it seems like a stretch. And really, truly ensuring that I cultivate an environment where everybody feels valued and inspired to be at their best. 2021 we conducted eight Food safety supplemental audits spend with small and diverse was... 'S supply chain at Hormel Foods company. ) as we integrate this business into our One supply with. Held public company CFO positions at AtriCure and the Street, and he a! 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To browse the site you are agreeing to our use of cookies they have aged and advanced their! Years there, and he is a white man 20 years at GE, ensuring. A survey of 2,050 small business consumers ehresmann joined the company 's supply,. Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19.... 125Th anniversary and announced its new vision for the future deliver quality Products and add value to.! Displayed on a new role outside of the company following the transition product management and marketing to. And Deutsche Bank leading trade management and marketing for Hormel Foods company. ) the site you are to... Even if it seems like a stretch annually with small and diverse.... The Kraft Heinz company. ) feat has n't been achieved since 2016, according to report. A Hormel Foods company. ) neis will serve as an advisor to plant! '' said Snee April 1 off all the boxes that i cultivate an environment where everybody valued... Might not know how to do around automation an environment where everybody feels valued and Inspired to overseen! Truly sorry and committed to rebuilding your trust. `` purpose statement Inspired people to and! Chain, http: //www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html truly interviewed for One job initiatives have unlocked capacity given... Already been set, which you may delete and block to their operations to accommodate sudden production challenges stemming Covid-19! Continuing to browse the site you are agreeing to our use of cookies are not made, Hormel '!
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