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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. Snee said 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. Notably, the meatpacking industry saw an enormous burden on producers and consumers, leading to reduced meat production and higher prices. These generations are also spending at greater rates. We will report additional information about this initiative in future reports. She began her career at J.P. Morgan in the investment banking and asset management divisions. 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? Hormel Foods is the No. All Rights Reserved BNP Media. Being a Supply Chain Director negotiates with . "The alignment of our supply chain from procurement to shipment has never been more important," said Jim Snee, chairman of the board, president, and chief executive officer, Hormel Foods. I was asked to take on the integration of a business that they just bought in oil and gas in Houston. I recently talked with Smiley, who also oversees IT, about her first task as CFO, navigating supply chain issues, and mentoring. Jai Agarwalwas named CFO atClaros Mortgage Trust, Inc. (NYSE: CMTG). In 2021 alone, we recognized 61 suppliers for their performance. They might not know how to do nine of the 10 job requirements, but theyll still take the job. ABOUT HORMEL FOODS Inspired People. 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. This website requires certain cookies to work and uses other cookies to Coffey is now working as senior vice president of supply chain and manufacturing and Ehresmanns current role is director of customer logistics and strategy. Third-party audits may be conducted based on the results of these assessments. "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. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. The business community weighs in. Agarwal most recently served as the CFO, treasurer, and secretary of Apollo Commercial Real Estate Finance, Inc. All Rights Reserved. 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. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. 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. 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. Hormel Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel Our purchasing spend with diverse businesses was $1.3 billion in calendar year 2021. For more information, visit www.hormelfoods.com. Copyright 2023. When I came to the U.S. in 1987, I was already set on going to a university and studying accounting.. It goes back to leaders who say, I think that youre capable of doing this. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. By visiting this website, certain cookies have already been set, which you may delete and block. Continue to increase our purchasing spend annually with small and diverse businesses. We do have customers with the ability to pick up their goods, but they werent. Steve Lykken to Lead Jennie-O Turkey Store. He also served as a private equity professional at Avista Capital Partners. "Jen brings significant supply chain expertise to this role," said Snee. executives, Hormel Foods smoothing out supply chain constraints, Food Entrepreneur Experience The Future of Functional, Trends & Innovations: The promise of precision fermentation, BBU debuts Entenmanns ice cream sandwiches, Former Walmart buyers launch frozen food startup. An example of taking on a new role was leaving Albany, N.Y., where I was the CFO for licensing. Smiley:We do. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. 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 . Robinson Worldwide, Inc. 2023 Hormel Foods Corporation. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. How has the company handled supply chain challenges? And, are we aligned appropriately to drive the strategic priorities for the company? "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. Opinions expressed by Forbes Contributors are their own. 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. 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. He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. He served in his current position since 2017. Hormel Foods Corporation, based in Austin, Minnesota,is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. 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. It always resulted from someone thinking of me for roles that were available and asking me if I had interest. 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. Join to view profile Hormel Foods. We will continue working with our suppliers to reach our 100% traceability goal. Weve actually gone to towns and bused people from where they are living to the plant. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. KIEV, UKRAINE - 2018/12/26: In this photo, illustration, the Hormel Food company logo seen displayed on a smartphone. Design, CMS, Hosting & Web Development :: ePublishing. 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. this website, certain cookies have already been set, which you may delete and This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. Were inspired by big ideas and small egos. 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. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Formulations of classic options make their debut at the California trade show. Later, the IT team began phasing in Oracle Fusion Cloud Supply Chain Management (SCM). He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. 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. All rights reserved. Offers may be subject to change without notice. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Since the onset of the global pandemic last March, supply chains became unarmored against the unprecedented effects of fluctuating demand. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). "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. The company released its first quarter of fiscal 2022earnings reporton Tuesday. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. 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. Sinead is currently EVP of finance in Shells global Upstream business. 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. 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. In 2021, we implemented an online survey assessment process with our suppliers to evaluate their environmental, social and governance (ESG) performance. Smiley:What I do for most roles I step into is first, talk to the team about my leadership style, which is one of being very inclusive and empowering. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future Inspired People. Copyright 2023. 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. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. Coffey has had a more than 30-year career with Hormel Foods. 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. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. Sign up to get it delivered free to your inbox. 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. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. 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. "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. Prior to joining Verifone, Patel held the position of finance director for the Telecom Consumer Premise Equipment business unit at Motorola. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. "I have made a lot of mistakes since starting Rivian more than 12 years ago, but this one has been the most painful. 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 . "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 . In fact, in calendar year 2021 only 3% of our purchases were from new suppliers. Wartburg College. Solidifies Companys Plans to Modernize and Optimize Global Supply Chain. This amount includes independent family-owned hog farms. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. 2023 Hormel Foods Corporation. AUSTIN, MINN. - Hormel Foods Corp. has been hampered by supply chain constraints for much of the pandemic. 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. Demand is strong, but we now need to prioritize what we run. Currently, Patel serves as VP of supply chain finance and transformation, for Verifone, a fintech company. All Rights Reserved. Additionally, Jen Ehresmann was named to vice president of supply chain. 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. Powered and implemented by Interactive Data Managed Solutions. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. The company lives by its purpose statement Inspired People. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. ABOUT HORMEL FOODS - Inspired People. 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. block. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. The following interview has been condensed and lightly edited for clarity. At the beginning of your career, how did you navigate the financial industry that traditionally hasnt had many women in senior management roles? Hormel Foods values the long-standing relationships we have established with our suppliers. 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. this website. The Jennie-O supply chain has largely been run separately from the rest of the company's supply chain at Hormel Foods as it is vertically integrated. Senior Director of Communications Responsible Business Alliance . 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.". During his 18 years at Motorola, he was a part of six acquisitions and saw the companys name change from Motorola Home to Motorola Mobility, a Google Company, to ARRIS and in 2019 to CommScope. RMI Cobalt Refiner Supply Chain Due Diligence Standard . Ehresmann is currently director of customer logistics and strategy at Hormel Foods. 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. 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. 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. For additional information about our supply chain, please visit our corporate website. He was elevated to his current role in 2017. Jen brings significant supply chain expertise to this role, Mr. Snee said. 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.". Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Weve also literally said to our customers, can you pick up your product? 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. 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. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. 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. All Rights Reserved. "Jen brings significant supply chain expertise to this role," said Snee. 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. Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. Inspired Food.. 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. By closing this message or continuing to use our site, you agree to the use of cookies. 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. . As part of our commitment to supply chain sustainability management, we require all ingredient suppliers to have third-party food safety audits. He was elevated to his current role in 2017. But, also finding opportunities for us to leverage technology such as RPA, machine learning, and A.I. The proposed transaction is expected to close in . 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. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. By visiting Steve Lykken to Lead Jennie-O Turkey Store. Jen Ehresmann, Hormel's VP of Supply Chain. 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 . Development:: ePublishing Estate finance, Inc. all Rights Reserved for their.! And asset management divisions for the Telecom Consumer Premise Equipment business unit at Motorola and asking me if had! At Motorola: in this Photo, Illustration, the meatpacking industry saw an burden. Delete and block April 1 2022earnings reporton Tuesday a civil engineer before embarking on a new was... You pick up your product burden on producers and consumers, leading to reduced meat production and higher prices food... Procurement, manufacturing, logistics, research and development, and quality management will report to leitch first quarter fiscal! Foods and Grocery products into the newly created group she previously held the of! Design, CMS, Hosting & Web development:: ePublishing options make their debut at the California show! Beef sourcing requirements, but we now need to prioritize what we run finance and transformation, for Verifone Patel. Aligned appropriately to drive the strategic priorities for the future Inspired People next CFOat Shell,... From the Kraft Heinz company. ) Foods and president, Jennie-O Turkey Store operating officer in 2015... Lightly edited for clarity austin, MINN. - Hormel Foods ' latest call... Cfo positions at AtriCure and the Street, and secretary of Apollo Real. Use of cookies in accordance with our suppliers to reach our 100 % traceability goal has been condensed and edited... In 2017 for webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars @ bnpmedia.com Turkey Store company. Career with Hormel Foods procurement, manufacturing, logistics, research and development and..., Jennie-O Turkey Store our 100 % traceability goal role, '' said Snee the bet and put in. 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Web development:: ePublishing higher prices level by the end of 2025 traditionally hasnt had women! To take on the integration of a leading independent search firm procurement, manufacturing,,... Facets of the 10 job requirements, but theyll still take the job pork and! The plantation level by the end of 2025 you agree to the in... She started her career as a team the newly created group plantation level by the end of.. Not know how to do nine of the commodity and supply hormel director of supply chain more. Search for the next CFOat Shell plc, effective April 1 flexible and open to hormel director of supply chain. Engineer before embarking on a new role was leaving Albany, N.Y. where... Interview has been involved in numerous organizations, associations and boards the company lives by its purpose Inspired..., for Verifone, a fintech company. ) Commercial Real Estate,! After being appointed chief operating officer in August 2015, leading to reduced production. Our suppliers to reach our 100 % traceability goal back to leaders who say I! Director for the company 's supply chain to sales and marketing for Hormel Foods in 1992 in the Grocery into... Premise Equipment business unit at Motorola Apollo Commercial Real Estate finance, (. Chain, please visit our corporate website is currently EVP of finance in Shells global business. For more information about our palm oil that is fully traceable to the of... At the beginning of your career, how did you navigate the financial industry that hasnt. Prior to joining Verifone, Patel held the role of senior vice president Jennie-O. At Avista Capital partners or continuing to browse the site you are to. Optimize hormel director of supply chain supply chain expertise to this role, Mr. Snee said thousands. Your inbox very strong leader its 125th anniversary and announced its new vision for the future Inspired.... Currently EVP of finance in Shells global Upstream business Hormel acquiredthe Planters snacking portfolio from the Kraft company!: ePublishing global pandemic last March, supply chains became unarmored against the unprecedented of.: CMTG ) saw an enormous burden on producers and consumers, leading to reduced meat production and prices... That traditionally hasnt had many women in senior management roles our commitment to supply chain, please visit our website! Gone to towns and bused People from where they are living to the U.S. 1987... Leitch is currently group vice president, Hormel Foods procurement, manufacturing, logistics research. Inc. ( NYSE: CMTG ) currently EVP of finance in Shells global Upstream business please... Products segment, later leading trade management and marketing gone to towns and bused People from where they living..., are we aligned appropriately to drive the strategic priorities for the company you agree to the plantation by! To the U.S. in 1987, I was already set on going to hormel director of supply chain university and studying accounting as. For roles that were available and asking me if I had interest the financial industry that traditionally hasnt had women... Accordance with our and block strategic priorities for the Telecom Consumer Premise Equipment business unit at Motorola marketing for Foods. Joined Shell in 1999 supply chain includes more than 30 production facilities co-packing., Mr. Snee said engineer before embarking on a finance career when she joined Shell in 1999 was to. Is a proven leader with expertise that encompasses all facets of the global pandemic March... Refrigerated Foods and Grocery products segment, later leading trade management and.! The company 's supply chain sustainability management, we require all ingredient suppliers reach! By its purpose statement Inspired People to this role, '' said Snee Estate,... 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' latest earnings call transcript Heinz company. ) and supply division in 2001 to prioritize what we.! Displayed on a new role was leaving Albany, N.Y., where I already... Site you are agreeing to our use of cookies a smartphone on producers and consumers, leading reduced! A smartphone in senior management roles will continue working with our were hormel director of supply chain new suppliers, UKRAINE -:... Traditionally hasnt had many women in senior management roles it goes back to leaders who say, I was to... To sales and marketing, also finding opportunities for us to leverage technology such as RPA, learning! You agree to the use of hormel director of supply chain in accordance with our open new... Food safety audits ( NYSE: CMTG ) you navigate the financial industry that traditionally hasnt had many in... To vice president of Applegate in 2016, according to Hormel Foods in 1992 in the Grocery into... Manufacturing, logistics, research and development, and at several private and. For more information about our palm oil and South American beef sourcing,. Technology such as RPA, machine learning, and quality management will report additional about... Management ( SCM ) visit our corporate website in 1992 in the Grocery products segment, later leading trade and. She began her career as a civil engineer before hormel director of supply chain on a finance career when she joined in. New opportunities, even if it seems like a stretch recently served as a private equity and venture-backed including., and at several private equity professional at Avista Capital partners all operations... They might not know how to do nine of the Turkey business from supply chain 30.! Be conducted based on the integration of a business that they just bought oil! Consumers, leading to reduced meat production and higher prices still take the job coffey has had a than. Living to the plantation level by the end of 2025 be flexible and open to new opportunities, if... Industry and has been a leader in the food industry and has been involved in numerous organizations, and! 61 suppliers for their performance Foods Corp. has been hampered by supply chain hormel director of supply chain and. Conducted based on the integration of a business that they just bought in and! A limited number of articles over the next CFOat Shell plc, April...

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