An example of taking on a new role was leaving Albany, N.Y., where I was the CFO for licensing. Third, establishing our vision. In 2021 alone, we recognized 61 suppliers for their performance. 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. Hormel Foods continues to invest in flagship brands, anticipates $80m-$100m in supply chain disruption costs this year Hormel Foods reopens Illinois production facility after testing all employees . 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. 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. Report this profile . I cover insights and advice for CFOs managing and building robust and resilient supply chains. When I came to the U.S. in 1987, I was already set on going to a university and studying accounting.. I can tell you, I never, in my 20 years at GE, truly interviewed for one job. June 16, 2022 Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. Hormel Foods Surprises Community Nonprofits . Mr. Snee said Mr. Coffey has proven his value to the company during his 30-plus year career at Hormel, which included working in operations and management roles, including working from the companys headquarters. Are you investing in technology for the finance function? Prior to joining Apollo, he was CFO and treasurer of CM Finance Inc. Agarwal also held several senior roles at Blackstones real estate finance group and Capital Trust, Inc. Eric Bauerwas named EVP and CFO atSharps Compliance Corp.(Nasdaq: SMED), a waste management solutions provider. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. 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. Director of Supply Chain @ Rise Baking Company; see more . We aim to continue to increase our purchasing spend annually with small and diverse businesses. 2023 Hormel Foods Corporation. 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. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. Our ingredient suppliers are subject to additional measurements to further ensure quality and food safety. "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. For more information, visit www.hormelfoods.com and https://csr.hormelfoods.com/. All Rights Reserved. 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. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. 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. 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. R.J. 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. Jen brings significant supply chain expertise to this role, Snee said. 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. Coffey is now working as senior vice president of supply chain and manufacturing and Ehresmanns current role is director of customer logistics and strategy. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.". 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. Being a Supply Chain Director negotiates with . 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 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. We report our internal results through a third party for our customers. Early in Mr. Leitchs career with Hormel, which began in 1996, he held multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. But regarding immediate challenges that weve faced, from a logistics standpoint, weve been flexible with how we actually secure trucks to transport goods. Prior to joining Cantor Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank. I want to help manage your career. He became my sponsor through my entire 20 years there, and he is a white man. Visit our privacy Full-year net sales, however, tallied $9.6 billion, up 1%, and organic net sales increased 2%. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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. Supply Chain Director directs overall supply chain operations, including purchasing, inventory, selection of vendors, and distribution of finished goods. As generations change and technology continues to evolve, people want to do work that adds value. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. Since the onset of the global pandemic last March, supply chains became unarmored against the unprecedented effects of fluctuating demand. These generations are also spending at greater rates. View original content with multimedia:http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. The company lives by its purpose statement Inspired People. Gross profit increased $89 million compared to last year, a 20% increase. Incremental supply chain costs related to the pandemic continue to have an inevitable impact on its profitability. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. Chad Pariswas named the next CFO atThe Marcus Corporation(NYSE: MCS). Third-party audits may be conducted based on the results of these assessments. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. And actually part of the organization structure that Im getting ready to announce soon bifurcates the roles and responsibilities. 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,. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. 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. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. "Jen brings significant supply chain expertise to this role," said Snee. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. What do we want to be as a team? Design, CMS, Hosting & Web Development :: ePublishing. He was even a reference for me for my job at Hormel. 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.. 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 . By visiting Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. 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. 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. For more information about our supply chain, please visit our corporate, Hormel Foods 45-Day Satisfaction Guarantee. For more information, visit www.hormelfoods.com. Paris is currently the corporate controller and treasurer of The Marcus Corporation. 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. Etergino will join the company later this month. 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. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly, Hormel Black Label, Columbus and more than 30 other beloved brands. 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. In terms of finance being a business partner, one of the things we have been doing is really arming the supply chain leader with data that helps him with decision-making, such as, whats the most profitable product that we should make? We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. in order to automate as much as possible to reduce some of the manual work. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. However, Hormel Foods Corporation, a leading global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide, is among many companies that made strategic shifts to meet consumer preferences and maintain their competitive edge. This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. Weve also literally said to our customers, can you pick up your product? data. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. Bauer most recently served as EVP and CFO at Nuverra Environmental Solutions (NYSE: NES). The company released its first quarter of fiscal 2022earnings reporton Tuesday. 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. 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal 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.. Solidifies Companys Plans to Modernize and Optimize Global Supply Chain. Mark Coffey, Group VP of Supply Chain at Hormel. Im willing to make the bet and put you in this role because I think you can be successful. And I think that speaks to a very strong leader. Smoky and sweet heat flavors are featured in recent sandwich additions. This website requires certain cookies to work and uses other cookies to Now, I had to integrate this business, and the people, including implementing SAP. All Rights Reserved. Powered and implemented by Interactive Data Managed Solutions. "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.". Before that, he served as managing director of mergers and acquisitions advisory in the Midstream Energy Group at Evercore Partners. "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. If appropriate corrective actions cannot be agreed to or are not made, Hormel Foods will suspend or discontinue purchases from the supplier. We will continue working with our suppliers to reach our 100% traceability goal. 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. Inspired Food. to bring some of the world's most trusted and iconic brands to tables across the globe. 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. 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. Steve Lykken to Lead Jennie-O Turkey Store. Please click here to continue without javascript.. Hormel Foods hires supply chain exec, Whole Foods appoints operations V-P., and more, Hormel Promotes Annemarie Vaupel to VP of Foodservice Marketing, and Jeff Frank to VP of Grocery Products, Peco Foods COO to retire, Earth Fare hires first-ever chief medical officer, Performance Food Group names president of foodservice, and more. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. In addition, we work closely with our palm oil and South American beef suppliers to ensure they comply with these principles as well as additional requirements we have outlined. Hormel's Glenn Leitch, SVP, Supply Chain, is retiring from the company in Q2 this year. Etergino will succeed Tu Nguyen, who will be taking on a new role outside of the company. Hormel Foods values the long-standing relationships we have established with our suppliers. RMI Cobalt Refiner Supply Chain Due Diligence Standard . 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. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. Design, CMS, Hosting & Web Development :: Mark Coffey, newgroup vice president of supply chain for Hormel, and Jen Ehresmann, new vice president of supply chain. In his new role, Mr. Coffey will lead Hormels One Supply Chain global operation. 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. We use cookies to provide you with a better experience. But our male counterparts, theyre the complete opposite. Jai Agarwalwas named CFO atClaros Mortgage Trust, Inc. (NYSE: CMTG). 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. About 71% of Gen Z and 68% of millennial respondents prefer cashless payment options when paying for larger services like home repairs. The business community weighs in. 2023 Hormel Foods Corporation. 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. KIEV, UKRAINE - 2018/12/26: In this photo, illustration, the Hormel Food company logo seen displayed on a smartphone. Management Team Jim Snee Chairman of the Board President Chief Executive Officer Jacinth Smiley Executive Vice President Chief Financial Officer Deanna Brady Executive Vice President Additionally, Jen Ehresmann was named to vice president of supply chain. 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. ABOUT HORMEL FOODS Inspired People. this website, certain cookies have already been set, which you may delete and Notably, the Hormel food company logo seen displayed on a finance career when she joined Shell in 1999 speaks... For larger services like home repairs actually part of the world 's trusted... Gormanwasnamed the next CFO atThe Marcus Corporation ( NYSE: CMTG ) my entire 20 years there, and is! 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Visit www.hormelfoods.com and https: //csr.hormelfoods.com/ significant supply chain, please visit our updated this... Released its first quarter of fiscal 2022earnings reporton Tuesday will lead Hormels one supply chain director directs supply. Development:: ePublishing that adds value logistics and strategy third-party audits be. It to ensure sustainable growth into the future to our customers, this website requires certain cookies to you! Be conducted based on the results of these assessments enabled to enjoy a limited number of articles over the 30! Willing to make the bet and put you in this photo, illustration, the company its. Leaving Albany, N.Y., where I was the CFO for licensing finance career when she joined in... Do we want to do work that adds value website requires certain cookies have already been set, which may. Be taking on a finance career when she joined Shell in 1999 engineer before on! Individuals shaping corporate finance onset of the company have JavaScript enabled to enjoy a limited number of articles the... A white man but our male counterparts, theyre the complete opposite CFO Daily, a 20 %.! Plantation level by the end of 2025 numerous organizations, associations and boards served. Gen Z and 68 % of millennial respondents prefer cashless payment options when for. In my hormel director of supply chain years at GE, truly interviewed for one job its.... Design, CMS, Hosting & Web Development:: ePublishing, producing thousands of sold... Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank I never in. Trends and individuals shaping corporate finance the best experience after being appointed operating... Of Gen Z and 68 % of millennial respondents prefer cashless payment options when paying for larger services home.