When Jacinth Smiley, EVP and CFO at Hormel Foods, was a high school student in Jamaica, she was drawn to numbers. 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 . 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. Senior Director of Communications Responsible Business Alliance . Alethia Youngwas namedCFO at Graphite Bio, Inc.(Nasdaq: GRPH), a clinical-stage gene editing company. All Rights Reserved. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. I had never done integration. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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 . For more information on each of these leaders, visit www.hormelfoods.com. 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,. "Mark has had an outstanding career with Hormel Foods," Snee said. 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. 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. 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. What do we want to be as a team? He was elevated to his current role in 2017. Current CFO Jessica Uhl will step down from her role on March 31, after five years as finance chief, and 17 years with the company. 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. 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 24 years 11 months Asst Director-Customer Supply Chain Nov 2022 - Present6 months Austin, Minnesota, United States Manager of Logistics Jul 2014 - Nov 20228 years 5 months. Jen Ehresmann, Hormel's VP of Supply Chain. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. Image source: gojak/iStock/Getty Images. This includes environmental and social responsibility, as well as business drivers for the upcoming year. 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. It expanded production capacity and enhanced capabilities for two major supply chain milestones, including opening a new dry sausage production facility in Omaha, Nebraska, and opening its pizza toppings expansion at Burke corporation manufacturing facility in Iowa. Jen brings significant supply chain expertise to this role, Mr. Snee said. 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.. Maintain high standards for animal care and handling throughout our supply chain. The timing was, well, interesting: Hormel Foods forged ahead with its modernization despite being in the middle of a global . 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. All Rights Reserved BNP Media. 2023 Fortune Media IP Limited. "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. You mentioned the importance of data. 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? 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.. 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. What was at the top of your agenda when you became CFO? 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. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. 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. 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. We use cookies to provide you with a better experience. And, are we aligned appropriately to drive the strategic priorities for the company? 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. Inspired Food. - focusing on its legacy of innovation. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. We aim to continue to increase our purchasing spend annually with small and diverse businesses. Smiley officially began as finance chief in January, succeeding Jim Sheehan, who retired from Hormel at the end of 2021. 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. Gross profit increased $89 million compared to last year, a 20% increase. 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. All Rights Reserved. Jen brings significant supply chain expertise to this role, Snee said. We do have customers with the ability to pick up their goods, but they werent. 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. hormel.com; hormelfoods.com; 3 507437XXXX; 507437XXXX; 507-434-XXXX; Jim Ufford . Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. The following interview has been condensed and lightly edited for clarity. All Rights Reserved. Earlier in his career, Paris served as audit senior manager for Deloitte & Touche LLP. 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. 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. If you do not agree to the use of cookies, you should not navigate They will be focused on driving growth, arming the business with data and analytics to make strategic decisions and grow the top line and bottom line. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. Robinson (CHR) recently heralded significant progress it has made its delivery of digital quotes, for both over the past year and also the first . Notably, the meatpacking industry saw an enormous burden on producers and consumers, leading to reduced meat production and higher prices. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store, said Snee. The business community weighs in. Its our role as leaders to make it easy for talent to understand whats possible in their career path. Smiley:From a long-term perspective, it has accelerated some things that we needed to do around automation. Weve had to accelerate how we look at data and use that intelligence. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.. Sinead is currently EVP of finance in Shells global Upstream business. Robinson points to ongoing progress on digital quote delivery and shippers' cost savings. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. How has the company handled supply chain challenges? He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. Vice President of Supply Chain @ Rise Baking Company. "Mark has had an outstanding career with Hormel Foods," Snee said. I want to help manage your career. He became my sponsor through my entire 20 years there, and he is a white man. 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. 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. "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. With over$1.1 billionin cash generated from operations in 2020, the Fortune 500 company made several strategic decisions and engaged in M&A activities, which helped return $487 million in dividends to its shareholders. Hormel 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. She began her career at J.P. Morgan in the investment banking and asset management divisions. If suppliers are found to be noncompliant, appropriate action is taken up to and including termination. "He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. 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. . "As a Fortune 500 global branded food company, we must take a leadership position in addressing climate change," Tom Raymond, Hormel's director of sustainability, tells Progressive Grocer. We have made significant progress toward this commitment and reached 77% of our goal at the end of 2021. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. The other piece, too, is around being innovative on how we get labor from place to place. For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. In addition, in 2021 we conducted eight food safety supplemental audits. RMI Cobalt Refiner Supply Chain Due Diligence Standard . help you have the best experience while on the site. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. By closing this message or continuing to use our site, you agree to the use of cookies. The data is based on a survey of 2,050 small business consumers. He joins 1stDibs from Vesta Healthcare, where he served as CFO for the past five years. 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. 2023 Hormel Foods Corporation. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. The company released its first quarter of fiscal 2022earnings reporton Tuesday. "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 . 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. Report this profile . About Hormel . Weve actually gone to towns and bused people from where they are living to the plant. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Any advice for women on the road to the C-suite? Design, CMS, Hosting & Web Development :: ePublishing. Jody Feragen, the first, retired in 2016. Copyright 2023. Lykken was most recently president of Applegate, a Hormel Foods company. "Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store," said Snee. 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. 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. The company also invested $368 million into capital projects. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". 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,. Opinions expressed by Forbes Contributors are their own. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Organic sales increased 13% for the quarter. Douglas A. Neis, current EVP and CFO, will retire on May 15, after 36 years of service. 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. In his new role, Coffey will lead Hormels One Supply Chain global operation. ABOUT HORMEL FOODS Inspired People. 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. By closing this message or continuing to use our site, you agree to the use of cookies. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. I am confident that Mark will continue to bring a strategic focus to building our One Supply Chain capabilities, operational excellence and long-term growth for the enterprise.. FORTUNE may receive compensation for some links to products and services on this website. 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. And part of the priorities that I have for the team is really spending more time simplifying our processes. REUTERS/Brendan McDermid. 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 45-Day Satisfaction Guarantee, California Transparency in Supply Chains Act of 2010. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future Inspired People. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. All Rights Reserved. KIEV, UKRAINE - 2018/12/26: In this photo, illustration, the Hormel Food company logo seen displayed on a smartphone. and cookie policy to learn more about the cookies we use and how we use your 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. 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. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. By visiting Neis will serve as an advisor to the company following the transition. 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