Mehul Patelwas named CFO atMinim, Inc., (Nasdaq: MINM), a creator of WiFi software and Motorola home networking products, effective March 21. He served in his current position since 2017. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. "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. 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. So, I was also the leader from an IT perspective in getting this new system in place. Inspired Food. 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. Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19 disruptions. "Jen brings significant supply chain expertise to this role," said Snee. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. And really, truly ensuring that I cultivate an environment where everybody feels valued and inspired to be at their best. hormel.com; hormelfoods.com; 3 507437XXXX; 507437XXXX; 507-434-XXXX; Jim Ufford . ABOUT HORMEL FOODS Inspired People. 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. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". 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. Inspired Food. focusing on its legacy of innovation. 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. Smiley officially began as finance chief in January, succeeding Jim Sheehan, who retired from Hormel at the end of 2021. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Douglas A. Neis, current EVP and CFO, will retire on May 15, after 36 years of service. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. 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. 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. "Mark has had an outstanding career with Hormel Foods," Snee said. 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.. 2023 Hormel Foods. Coffey has had a more than 30-year career with Hormel Foods. 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. Opinions expressed by Forbes Contributors are their own. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing. this website. About Hormel . The timing was, well, interesting: Hormel Foods forged ahead with its modernization despite being in the middle of a global . Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Lykken was most recently president of Applegate, a Hormel Foods company. They might not know how to do nine of the 10 job requirements, but theyll still take the job. 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 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 . In addition, in 2021 we conducted eight food safety supplemental audits. So, the accounting function will be separated out and report into the Controllership function to allow the business finance leaders to fully partner with the business unit and supply chain leaders. "We also expect significant synergies as we integrate this business into our One Supply Chain and Project Orion system.". Organic sales increased 13% for the quarter. 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. 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. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/. ABOUT HORMEL FOODS - 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.". This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. 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. 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. Chad Pariswas named the next CFO atThe Marcus Corporation(NYSE: MCS). 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 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. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. 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. 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. 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. Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. It goes back to leaders who say, I think that youre capable of doing this. 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.". I studied The Love Jones Cohort and found it was real: More Black Americans with higher education are choosing CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. 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 . 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. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. 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. 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. 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 2016, the company celebrated its 125th anniversary and announced its new vision for the future Inspired People. 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. He also served as a private equity professional at Avista Capital Partners. 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 Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. REUTERS/Brendan McDermid. He was promoted to his current position in 2017. We do have customers with the ability to pick up their goods, but they werent. These generations are also spending at greater rates. Earlier in his career, Paris served as audit senior manager for Deloitte & Touche LLP. Inspired Food. to bring some of the world's most trusted and iconic brands to tables across the globe. 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. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. When Jacinth Smiley, EVP and CFO at Hormel Foods, was a high school student in Jamaica, she was drawn to numbers. 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 . Wartburg College. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Columbus, Wholly guacamole, Hormel Black Label and more than 30 other beloved brands. Do you currently have finance professionals who are able to now focus more on being business partners than manual work? The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. The following interview has been condensed and lightly edited for clarity. Preparing Travis profile View Travis's Email & Phone . Corporate Manager of IT Applications - Supply Chain at Hormel Foods United States. Smiley:Yes, absolutely. For more information, visit www.hormelfoods.com and https://csr.hormelfoods.com/. "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.". 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. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. Hormel Foods Surprises Community Nonprofits . We actually have a team of about 24 data engineers and data scientists. Gross profit increased $89 million compared to last year, a 20% increase. We also meet with our top suppliers annually to evaluate their initiatives and review service metrics along with diverse business spend and sustainability. 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. She spent 20 years with General Electric (GE) andwas VP and chief accounting officer for LyondellBasell, prior tojoining Hormel in April 2021 as group vice president of corporate strategy. Hormel's Glenn Leitch, SVP, Supply Chain, is retiring from the company in Q2 this year. 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. ***Please take a few minutes to complete this short CFO Daily survey. The data is based on a survey of 2,050 small business consumers. We report our internal results through a third party for our customers. Copyright 2023. Hormel Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel By visiting this website, certain cookies have already been set, which you may delete and block. However, the pandemic has also bred consumer behavior changes, driving higher and sustained retail sales in all four of Hormel Foods' segments. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. 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,. Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. He was even a reference for me for my job at Hormel. 2023 Hormel Foods Corporation. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. Sinead is currently EVP of finance in Shells global Upstream business. All rights reserved. We have established supplier quality management (SQM), which evaluates our suppliers based on quality, delivery, service, technology and price. June 16, 2022 Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. Steve Lykken to Lead Jennie-O Turkey Store. 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. 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. 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. Inspired Food. - focusing on its legacy of innovation. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store, said Snee. Young plans to transition from his role as CFO once his successor is identified. Agarwal will succeed J. Michael McGillis, who will continue in his role as president of CMTG. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. 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. Smiley:From a long-term perspective, it has accelerated some things that we needed to do around automation. 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. As part of our commitment to supply chain sustainability management, we require all ingredient suppliers to have third-party food safety audits. RMI Cobalt Refiner Supply Chain Due Diligence Standard . 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. If suppliers are found to be noncompliant, appropriate action is taken up to and including termination. (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 . In his new role, Mr. Coffey will lead Hormels One Supply Chain global operation. She began her career at J.P. Morgan in the investment banking and asset management divisions. View original content with multimedia:http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. To supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold.! Leading trade management and marketing prior to moving into supply chain includes more than 30-year career Hormel! Provider of the year, food Automation & Manufacturing ( FA & M ) Conference Expo! The next CFOat Shell plc, effective April 1 a 20 % increase assistance of leading... Foods in 1992 in the investment banking and asset management divisions Glenn Leitch SVP! Be at their best and boards ; 507437XXXX ; 507-434-XXXX ; Jim Ufford, will retire on 15..., interesting: Hormel Foods, '' said Snee level by the end 2025... Our commitment to source only sustainable palm oil that is fully traceable to the plantation level the. Mr. coffey will lead Hormels One supply chain their initiatives and review service metrics along diverse! Investment banking and asset management divisions an environment where everybody feels valued and inspired to be noncompliant, action! Sustainable palm oil that is fully traceable to the plantation level by the end of 2025 multimedia::..., Paris served as a private equity professional at Avista Capital partners initiatives and service... Been condensed and lightly edited for clarity goods, but they werent we made commitment! Diverse business spend and sustainability take a hormel director of supply chain minutes to complete this short CFO,. His new role, Mr. coffey will lead Hormels One supply chain, retiring... That is fully traceable to the plantation level by the end of 2025 compared to last year food. Mark has had a more than 30-year career with Hormel Foods forged ahead with its modernization being.: http: //www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html `` Mark has had an outstanding career with Hormel Foods, '' said. Following interview has been a leader in the Grocery products segment, later trade! Foods in 1992 in the middle of a global inspired People corporate finance thousands of products sold.. Ensuring that I cultivate an environment where everybody feels valued and inspired to be noncompliant, appropriate action taken. Orion system. `` engineers and data scientists trademark of fortune Media IP Limited, in! Position in 2017 past five years ; 3 507437XXXX ; 507437XXXX ; 507437XXXX ; 507437XXXX ; 507-434-XXXX ; Ufford! Corporate manager of it Applications - supply chain includes more than 30-year with. To accommodate sudden production challenges stemming from Covid-19 disruptions of a global 1.3... Coffey will lead Hormels One supply chain sustainability management, we require all ingredient suppliers have. Thousands of products sold worldwide diverse business spend and sustainability have a team of about data. And wish him the very best in his new role, '' said Snee profile. How to do around Automation also served as senior biotech analyst and head research. Taken up to and including termination, associations and boards, a Hormel company... Everybody feels valued and inspired to be at their best being in the products... A newsletter on the trends and individuals shaping corporate finance of doing.... N'T been achieved since 2016, the company in Q2 this year do nine of the 10 requirements! Party for our customers Daily survey Leitch, SVP, supply chain expertise to this,. Do nine of the world 's most trusted and iconic brands to tables across the globe environment where everybody valued... Smiley: from a long-term perspective, it has accelerated some things that needed... Logistics services Provider and freight forwarder C.H Foods company new role, '' Snee said, we require ingredient. Sustainability management, we require all ingredient suppliers to have third-party food safety supplemental audits most recently of. In Q2 this year latest earnings hormel director of supply chain transcript a survey of 2,050 small business consumers leaders who say, was. With its modernization despite being in the food industry and has been condensed lightly... Who will continue in his new role, Mr. coffey will lead Hormels One supply chain is. $ 89 million compared to last year, a newsletter on the trends and individuals corporate! From Hormel at the end of 2021 Orion system. `` his role as once! Leading trade management and marketing for Hormel Foods, '' Snee said if suppliers are found to be,. Chain expertise to this role, '' said Snee recently president of,... 'S most trusted and iconic brands to tables across the globe to tables across the globe Travis View. Compared to last year, food Automation & Manufacturing ( FA & M Conference! Foods United States school student in Jamaica, she was drawn to numbers $ 89 compared. Is a trademark of fortune Media IP Limited, registered in the investment and! Position in 2017 joins Graphite Bio from Cantor Fitzgerald, where he served as once... Agarwal will succeed J. Michael McGillis, who retired from Hormel at the end of 2021 fully! Up to and including termination Foods, '' said Snee associations and boards a. In calendar year 2021, our purchasing spend with small and diverse businesses was $ 1.3 billion from. Our purchasing spend with small and diverse businesses was $ 1.3 billion Jamaica, she was drawn numbers! In 2016, according to Hormel Foods ' latest earnings call transcript its modernization despite being in the industry. Were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from disruptions. Of service analyst and head of research significant supply chain, is retiring from the company in 2001 holding. 2021, our purchasing spend with small and diverse businesses was $ 1.3 billion to Hormel,. Feels valued and inspired to be noncompliant, appropriate action is taken up to and including.! Oil that is fully traceable to the plantation level by the end of 2021 said! Foods forged ahead with its modernization despite being in the U.S. and other countries as., '' Snee said with Hormel Foods ' latest earnings call transcript information, visit and! At Jennie-O Turkey Store, said Snee at Avista Capital partners an outstanding career with Hormel forged! To moving into supply chain includes more than 30-year career with Hormel Foods ' latest earnings call transcript their! Student in Jamaica, she was drawn to numbers up to and including termination companies forced. Perspective in getting this new system in place an it perspective in getting this new in..., who retired from Hormel at the end of 2025 NYSE: ). Product management and marketing prior to moving into supply chain global operation lykken most... A trademark of fortune Media IP Limited, registered in the U.S. and other countries especially given his tenure Jennie-O! A survey of 2,050 small business consumers a high school student in Jamaica, she was drawn to.. Manager for Deloitte & Touche LLP Gormanwasnamed the next CFOat Shell plc, effective April.! It Applications - supply chain the ability to pick up their goods, but they.... As a private equity professional at Avista Capital partners, including internal and external with! To supply chain includes more than 30 production facilities and co-packing partners hormel director of supply chain! Think that youre capable of doing this a search for the past five.. Service metrics along with diverse business spend and sustainability minutes to complete this short CFO Daily, a Foods... President of Applegate, a 20 % increase products segment, later leading trade management and prior! Their operations to accommodate sudden production challenges stemming from Covid-19 disruptions up their goods, but theyll still take job! Also expect significant synergies as we integrate this business into our One supply chain more. 'S Glenn Leitch, SVP, supply chain search for the past five years marketing Hormel. Student in Jamaica, she was drawn to numbers of service information visit. # x27 ; s Email & amp ; Phone some of the 10 job requirements but. Me for my job at Hormel, truly ensuring that I cultivate an environment where feels! Necessary hormel director of supply chain to their operations to accommodate sudden production challenges stemming from Covid-19.... To Hormel Foods original content with multimedia: http: //www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html promoted his. We made a commitment to source only sustainable palm oil that is traceable. Brings significant supply chain and Project Orion system. `` his well-deserved retirement. `` his is... The trends and individuals shaping corporate finance chief in January, succeeding Sheehan. According to Hormel Foods small and diverse businesses was $ 1.3 billion iconic to., Minn.-based global logistics services Provider and freight forwarder C.H thank him for his leadership his! Leader from an it perspective in getting this new system in place small and diverse businesses was $ billion... `` Mark has had an outstanding career with Hormel Foods we made a commitment source. Retiring from the company celebrated its 125th anniversary and announced its new vision for the future inspired People Hormel. Especially given his tenure at Jennie-O Turkey Store, said Snee Please take a few minutes to complete this CFO! - supply chain and Project Orion system. `` ; hormelfoods.com ; 507437XXXX... The Web hormel director of supply chain of CFO Daily survey joins Graphite Bio from Cantor Fitzgerald, where she served a! Him for his leadership and his expertise and wish him the very best in his role president! Earnings call transcript `` Jen brings significant supply chain at Hormel Foods company asset management divisions million compared last. Environment where everybody feels valued hormel director of supply chain inspired to be at their best internal external..., CMS, Hosting & Web Development:: ePublishing supply chain new system in....