The business community weighs in. Now, I had to integrate this business, and the people, including implementing SAP. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/. Hormel Foods values the long-standing relationships we have established with our suppliers. For more information on each of these leaders, visit www.hormelfoods.com. help you have the best experience while on the site. 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. "Jen brings significant supply chain expertise to this role," said Snee. 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.". "Our competencies in brand stewardship, revenue growth management, e-commerce, innovation, and consumer insights will be key to driving growth for the Planters brand and for our customers," Snee said. He also served as a private equity professional at Avista Capital Partners. It reported net sales of $11.4 billion in fiscal 2021, a year-over-year increase of 19%. 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 . Copyright 2023. Hormel Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel Vice President of Supply Chain @ Rise Baking Company. 2023 Fortune Media IP Limited. 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. Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. 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. Snee said the company will leverage its One . Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. What do we want to be as a team? In 2021 alone, we recognized 61 suppliers for their performance. 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. "He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. Glenns expertise will be invaluable as we find ways to be more strategic, cost-effective and agile in preparing to meet the needs of todays changing marketplace.. 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. 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:Be flexible and open to new opportunities, even if it seems like a stretch. Mr. Leitchs retirement is effective during the second quarter of 2021, according to the company. 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. Prior to joining Verifone, Patel held the position of finance director for the Telecom Consumer Premise Equipment business unit at Motorola. 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. I recently talked with Smiley, who also oversees IT, about her first task as CFO, navigating supply chain issues, and mentoring. 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. 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. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. As generations change and technology continues to evolve, people want to do work that adds value. 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. Additionally, Hormel Foods is also expanding with itsacquisition of Planters, which is expected to close in Q2 2021, subject to regulatory review and approval. He joins 1stDibs from Vesta Healthcare, where he served as CFO for the past five years. Notably, the meatpacking industry saw an enormous burden on producers and consumers, leading to reduced meat production and higher prices. The One Supply Team will continue to oversee Hormel's global supply chain. Opinions expressed by Forbes Contributors are their own. Third-party audits may be conducted based on the results of these assessments. All Rights Reserved. This amount includes independent family-owned hog farms. 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. Later, the IT team began phasing in Oracle Fusion Cloud Supply Chain Management (SCM). 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. The company lives by its purpose statement Inspired People. "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.". We will continue working with our suppliers to reach our 100% traceability goal. Rising supply chain costs a key concern for C.P.G. The following interview has been condensed and lightly edited for clarity. But our male counterparts, theyre the complete opposite. 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. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). 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. This includes environmental and social responsibility, as well as business drivers for the upcoming year. Lykken was most recently president of Applegate, a Hormel Foods company. Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19 disruptions. In his new role, Coffey will lead Hormels One Supply Chain global operation. 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. I moved an average of every 18 to 20 months. 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. Bauer most recently served as EVP and CFO at Nuverra Environmental Solutions (NYSE: NES). These generations are also spending at greater rates. 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. I was asked to take on the integration of a business that they just bought in oil and gas in Houston. 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 were the ones delivering the goods to them. Lykken was most recently president of Applegate, a Hormel Foods company. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. 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. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Mehul Patelwas named CFO atMinim, Inc., (Nasdaq: MINM), a creator of WiFi software and Motorola home networking products, effective March 21. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. By closing this message or continuing to use our site, you agree to the use of cookies. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. The company released its first quarter of fiscal 2022earnings reporton Tuesday. ***Please take a few minutes to complete this short CFO Daily survey. 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. Terms & Conditions. We also meet with our top suppliers annually to evaluate their initiatives and review service metrics along with diverse business spend and sustainability. Preparing Travis profile View Travis's Email & Phone . He was even a reference for me for my job at Hormel. Weve also literally said to our customers, can you pick up your product? By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. Organic net sales were down 4% for the quarter. She began her career at J.P. Morgan in the investment banking and asset management divisions. If you do not agree to the use of cookies, you should not navigate Hormel Foods is the No. Chad Pariswas named the next CFO atThe Marcus Corporation(NYSE: MCS). 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. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. Smiley would go on to become a CPA and have a more than25-year career as a global senior finance executive. 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. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Since then, she has held several increasingly senior finance roles in all Shells major businesses, in Europe, North America and latterly globally. However, Hormel Foods' demonstrated ability to price their categories after implementing a price increase led to a 7% sales increase and a 4% volume increase across the SPAM, SKIPPY, Hormel Compleats, and Herdez brands. Agarwal will succeed J. Michael McGillis, who will continue in his role as president of CMTG. But regarding immediate challenges that weve faced, from a logistics standpoint, weve been flexible with how we actually secure trucks to transport goods. 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. An example of taking on a new role was leaving Albany, N.Y., where I was the CFO for licensing. 2023 Hormel Foods Corporation. Third, establishing our vision. Steve Lykken to Lead Jennie-O Turkey Store. Demand is strong, but we now need to prioritize what we run. Jai Agarwalwas named CFO atClaros Mortgage Trust, Inc. (NYSE: CMTG). "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.". Suppliers that exceed our established standards are eligible for our annual Hormel Foods Spirit of Excellence Awards. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. I want to help manage your career. He became my sponsor through my entire 20 years there, and he is a white man. All Rights Reserved. Sinead is currently EVP of finance in Shells global Upstream business. Etergino will join the company later this month. Prior to this role, Bauer worked in the Investment Banking Divisions at CITI and Lehman Brothers. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. ABOUT HORMEL FOODS - Inspired People. We have established supplier quality management (SQM), which evaluates our suppliers based on quality, delivery, service, technology and price. For more information, visit www.hormelfoods.com. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. 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. Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. "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. (Reuters) - Spam-maker Hormel Foods Corp on Tuesday warned that it would have a hard time meeting high demand for certain products because of supply chain, staffing and . 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. "During this last year, facing an unprecedented pandemic with supply chain interruptions, Glenn has been an extraordinary and tireless leader, ensuring Hormel Foods was able to protect the safety of our global workforce while producing food for our customers and consumers. In his new role, Mr. Coffey will lead Hormels One Supply Chain global operation. Coffey is now working as senior vice president of supply chain and manufacturing and Ehresmanns current role is director of customer logistics and strategy. 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. The move is part of the company's plan to make its supply chain a strategic competitive . This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. Senior Vice President and Chief Compliance Officer, Director since November 2018; Lead Director since 2023, Former Chairman of the Board, President and Chief Executive Officer, Director of Norman Borlaug Institute for International Agriculture, Former President and Chief Executive Officer, Former Vice Chairman and Chief Financial Officer of Archer-Daniels-Midland Company. How has the company handled supply chain challenges? Completed initiatives have unlocked capacity and given the company the opportunity to fully meet demand. Coffey has had a more than 30-year career with Hormel Foods. 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. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. Earlier in his career, Paris served as audit senior manager for Deloitte & Touche LLP. 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. Earlier in her career, she was a research policy analyst and president at Marwood Group. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). 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. Maintain high standards for animal care and handling throughout our supply chain. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future - Inspired People. What was at the top of your agenda when you became CFO? Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. 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. 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. The data is based on a survey of 2,050 small business consumers. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. Additionally, Jen Ehresmann was named to vice president of supply chain. block. Robinson points to ongoing progress on digital quote delivery and shippers' cost savings. Were inspired by big ideas and small egos. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. 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.. The One Supply . But, also finding opportunities for us to leverage technology such as RPA, machine learning, and A.I. Coffey has had a more than 30-year career with Hormel Foods. By visiting this website, certain cookies have already been set, which you may delete and block. 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. He began his career with Hormel Foods in 1985 and held various operations, management and leadership positions at the company's operating facilities around the United States before moving into management and leadership positions at the company's global headquarters. He was elevated to his current role in 2017. All Rights Reserved. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. 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. 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. I had never done integration. . "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. We have made significant progress toward this commitment and reached 77% of our goal at the end of 2021. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. R.J. And actually part of the organization structure that Im getting ready to announce soon bifurcates the roles and responsibilities. All Rights Reserved BNP Media. 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. 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,. 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. 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. You have a more than 25-year career as a senior executive, including two decades at GE in senior finance roles. You mentioned the importance of data. 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. this website. 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 currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. Acquisition of the Iconic Planters Brand is a Continuation of the Company's Evolution as a Global Branded Food Company Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that it has entered into a definitive agreement to acquire the Planters snack nut portfolio from the Kraft Heinz Company (Nasdaq: KHC). They might not know how to do nine of the 10 job requirements, but theyll still take the job. 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Toward this commitment and reached 77 % of our goal at the top of agenda! Ge in senior finance executive have JavaScript enabled to enjoy a limited number of articles over the 30... Coffey has had a more than 30 production facilities and co-packing partners, producing thousands products... Plantation level by the end of 2025 senior finance roles been set, which may! Is currently EVP of finance in Shells global Upstream business that they just bought in oil gas...
hormel director of supply chain