The company lives by its purpose statement Inspired People. He was promoted to his current position in 2017. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. 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. 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. Prior to joining Cantor Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank. We have established supplier quality management (SQM), which evaluates our suppliers based on quality, delivery, service, technology and price. "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. 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. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. About Hormel . KIEV, UKRAINE - 2018/12/26: In this photo, illustration, the Hormel Food company logo seen displayed on a smartphone. I had never done integration. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. And, are we aligned appropriately to drive the strategic priorities for the company? Smiley:Be flexible and open to new opportunities, even if it seems like a stretch. 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. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. 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. 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? Third-party audits may be conducted based on the results of these assessments. Coffey has had a more than 30-year career with Hormel Foods. When I came to the U.S. in 1987, I was already set on going to a university and studying accounting.. 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. These generations are also spending at greater rates. Leitchs retirement is effective during the second quarter of 2021, according to the company. But our male counterparts, theyre the complete opposite. He was elevated to his current role in 2017. Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. 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. All rights reserved. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. As women, we sometimes think we need to be able to check off all the boxes. Smiley:We do. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. "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. 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. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. 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. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.". All Rights Reserved. We report our internal results through a third party for our customers. "Jen brings significant supply chain expertise to this role," said Snee. 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. 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. Demand is strong, but we now need to prioritize what we run. hormel.com; hormelfoods.com; 3 507437XXXX; 507437XXXX; 507-434-XXXX; Jim Ufford . Ehresmann is currently director of customer logistics and strategy at Hormel Foods. As part of our commitment to supply chain sustainability management, we require all ingredient suppliers to have third-party food safety audits. 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 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. "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 . FORTUNE may receive compensation for some links to products and services on this website. The company released its first quarter of fiscal 2022earnings reporton Tuesday. 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. Our Board of Directors is critical to the growth and development of our employees, our consistent returns to shareholders and the long-term success of the company. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. Early in Mr. Leitchs career with Hormel, which began in 1996, he held multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. "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 . Paris is currently the corporate controller and treasurer of The Marcus Corporation. The companys supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. 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. Jen brings significant supply chain expertise to this role, Snee said. 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. to bring some of the world's most trusted and iconic brands to tables across the globe. data. Robinson (CHR) recently heralded significant progress it has made its delivery of digital quotes, for both over the past year and also the first . Prior to joining Verifone, Patel held the position of finance director for the Telecom Consumer Premise Equipment business unit at Motorola. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. Vice President of Supply Chain @ Rise Baking Company. Steve Lykken to Lead Jennie-O Turkey Store. block. 2023 Hormel Foods Corporation. Inspired Food. to bring some of the world's most trusted and iconic brands to tables across the globe. 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. (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 . The move is part of the companys plan to make its supply chain a strategic competitive advantage, while optimizing it to deliver sustainable long-term growth. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. For more information, visit www.hormelfoods.com and https://csr.hormelfoods.com/. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. 2023 Hormel Foods Corporation. The One Supply Team will continue to oversee Hormel's global supply chain. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Completed initiatives have unlocked capacity and given the company the opportunity to fully meet demand. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. Mehul Patelwas named CFO atMinim, Inc., (Nasdaq: MINM), a creator of WiFi software and Motorola home networking products, effective March 21. The business community weighs in. He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. And really, truly ensuring that I cultivate an environment where everybody feels valued and inspired to be at their best. All Rights Reserved. Terms & Conditions. He held his current position since 2017. At the beginning of your career, how did you navigate the financial industry that traditionally hasnt had many women in senior management roles? 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. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. 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. We actually have a team of about 24 data engineers and data scientists. InQ1 2021, the company has had to absorb approximately $15 million in direct incremental supply chain costs primarily associated with lower production volumes and enhanced safety measures in its production facilities. "I have made a lot of mistakes since starting Rivian more than 12 years ago, but this one has been the most painful. 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. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/. 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.. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. He also served as a private equity professional at Avista Capital Partners. Mark Coffey, Group VP of Supply Chain at Hormel. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. Shes the companys second female CFO. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. 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. For more information, visit www.hormelfoods.com. Now, I had to integrate this business, and the people, including implementing SAP. His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role, Mr. Snee said. Agarwal will succeed J. Michael McGillis, who will continue in his role as president of CMTG. 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.". Preparing Travis profile View Travis's Email & Phone . The move is part of the company's plan to make its supply chain a strategic competitive . For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. 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. In 2021 alone, we recognized 61 suppliers for their performance. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.. Organic sales increased 13% for the quarter. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. 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