Ehresmann is currently director of customer logistics and strategy at Hormel Foods. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19 disruptions. Develops and implements a strategy to ensure that critical processes run effectively and achieve organizational goals and performance KPIs. The companys supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. And actually part of the organization structure that Im getting ready to announce soon bifurcates the roles and responsibilities. When I came to the U.S. in 1987, I was already set on going to a university and studying accounting.. 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. Mehul Patelwas named CFO atMinim, Inc., (Nasdaq: MINM), a creator of WiFi software and Motorola home networking products, effective March 21. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. 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.". Hormel's Glenn Leitch, SVP, Supply Chain, is retiring from the company in Q2 this year. We do have customers with the ability to pick up their goods, but they werent. "One of our 20 by 30 challenge goals is our commitment to set a Science Based Target for the reduction of greenhouse-gas emissions by 2023. Additionally, Hormel Foods is also expanding with itsacquisition of Planters, which is expected to close in Q2 2021, subject to regulatory review and approval. Our management team fosters an environment where careers flourish and innovative ideas come to life. "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.". Coffey has had a more than 30-year career with Hormel Foods. Gross profit increased $89 million compared to last year, a 20% increase. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Bauer most recently served as EVP and CFO at Nuverra Environmental Solutions (NYSE: NES). Smiley would go on to become a CPA and have a more than25-year career as a global senior finance executive. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/. The One Supply . We have made significant progress toward this commitment and reached 77% of our goal at the end of 2021. Smoky and sweet heat flavors are featured in recent sandwich additions. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly, Hormel Black Label, Columbus and more than 30 other beloved brands. "Hormel Foods is a distinctly different company than it was a decade ago, with a food forward, growth-oriented . All Rights Reserved. He also previously served as chief accounting officer and treasurer of DoubleClick. 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.". Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. Hormel Foods Surprises Community Nonprofits . (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). Later, the IT team began phasing in Oracle Fusion Cloud Supply Chain Management (SCM). Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. All rights reserved. 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. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. 59 followers 55 connections. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. Hormel Foodsannounced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. 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. 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, 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. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Hormel Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel "Mark has had an outstanding career with Hormel Foods," Snee said. We will report additional information about this initiative in future reports. 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. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. 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.. 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. 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. Inspired Food. - focusing on its legacy of innovation. 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. I had never done integration. In partnership, we deliver quality products and add value to society. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. 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. Before that, he served as managing director of mergers and acquisitions advisory in the Midstream Energy Group at Evercore Partners. Rising supply chain costs a key concern for C.P.G. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. Etergino will succeed Tu Nguyen, who will be taking on a new role outside of the company. You mentioned the importance of data. I am truly sorry and committed to rebuilding your trust.". 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. Early in Leitchs career with Hormel, which began in 1996, he served in multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. Opinions expressed by Forbes Contributors are their own. Agarwal most recently served as the CFO, treasurer, and secretary of Apollo Commercial Real Estate Finance, Inc. Coffey has had a more than 30-year career with Hormel Foods. Hormel Foods Announces the Strategic Merger of its Grocery Products and Specialty Foods, Merged segment to deliver revenue and cost synergies, Hormel Foods to Buy Deli Meat Maker Columbus, its Largest Acquisition, Hormel picks up a specialist in cured meats and millennial marketing for $850 million, California Transparency in Supply Chains Act of 2010, Hormel Foods 45-Day Satisfaction Guarantee. 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. Robinson Worldwide, Inc. 2023 Hormel Foods Corporation. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Visit our privacy Steve Lykken to Lead Jennie-O Turkey Store. 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.. 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. 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. Hormel Foods 8 years 8 months Retired Director of Finance - Supply Chain Jul 2022 - Present10 months Austin, Minnesota, United States Director of Finance - Supply Chain Mar 2018 - Jul. 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,. As women, we sometimes think we need to be able to check off all the boxes. Copyright 2023. Offers may be subject to change without notice. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. As they have aged and advanced in their careers, their purchasing power has grown significantly, according to the report. Early in Mr. Leitchs career with Hormel, which began in 1996, he held multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. block. We have established supplier quality management (SQM), which evaluates our suppliers based on quality, delivery, service, technology and price. This includes environmental and social responsibility, as well as business drivers for the upcoming year. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. Our purchasing spend with diverse businesses was $1.3 billion in calendar year 2021. data. Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store, said Snee. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. I can tell you, I never, in my 20 years at GE, truly interviewed for one job. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. Since joining Hormel in 2001, Ms. 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. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. "Jen brings significant supply chain expertise to this role," said Snee. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the "Global 2000 World's Best Employers" list by Forbes magazine for three straight years, is one of Fortune magazine's most admired companies, has appeared on Corporate Responsibility Magazine's "The 100 Best Corporate Citizens" list for 12 years in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The One Supply Team will continue to oversee Hormel's global supply chain. During the first quarter, Hormel delivered record sales of $3 billion, a 24% increase. It reported net sales of $11.4 billion in fiscal 2021, a year-over-year increase of 19%. FORTUNE may receive compensation for some links to products and services on this website. ***Please take a few minutes to complete this short CFO Daily survey. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. . Weve actually gone to towns and bused people from where they are living to the plant. Are you investing in technology for the finance function? These generations are also spending at greater rates. Since the onset of the global pandemic last March, supply chains became unarmored against the unprecedented effects of fluctuating demand. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. What do we want to be as a team? Solidifies Companys Plans to Modernize and Optimize Global Supply Chain. Etergino will join the company later this month. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. Hormel Foods 45-Day Satisfaction Guarantee, California Transparency in Supply Chains Act of 2010. Our ingredient suppliers are subject to additional measurements to further ensure quality and food safety. He was elevated to his current role in 2017. Our leaders empower all of us to bring more to the table for employees, consumers, investors and the communities we call home. 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. Ray G. Young, CFOat ADM(NYSE: ADM), an agricultural origination and processing company, will assume the additional role of vice chairman, in which he will provide strategic counsel on major ADM initiatives. Smiley:Yes, absolutely. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. We use cookies to provide you with a better experience. 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. For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. Image source: gojak/iStock/Getty Images. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. Wartburg College. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Incremental supply chain costs related to the pandemic continue to have an inevitable impact on its profitability. Weve had to accelerate how we look at data and use that intelligence. in order to automate as much as possible to reduce some of the manual work. "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. "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.". Third, establishing our vision. 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. All Rights Reserved. "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. 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. Secondly, I assess the talent because I think thats so critical to just figuring out, do we have the right folks in the right seat to be able to partner with the business? All Rights Reserved. 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.". 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. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. 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. 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 thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". Jen Ehresmann, Hormel's VP of Supply Chain. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the "Global 2000 World's Best Employers" list by Forbes magazine for three straight years, is one of Fortune magazine's most admired companies, has appeared on Corporate Responsibility Magazine's "The 100 Best Corporate Citizens" list for 12 years in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. Requirements, Please visit our corporate website spend with diverse businesses was $ 1.3 in! She previously held the role of senior vice president of commodity and supply chain management SCM. Suppliers are subject to additional measurements to further ensure quality and food safety finance executive check off the!, producing thousands of products sold worldwide, food Automation & Manufacturing ( FA & M Conference! On to become a CPA and have a more than 30-year career with Foods... 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