hormel director of supply chain
***Please take a few minutes to complete this short CFO Daily survey. The company lives by its purpose statement Inspired People. 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. 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 . Steve Lykken to Lead Jennie-O Turkey Store. 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. You mentioned the importance of data. 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. Director of Supply Chain @ Rise Baking Company; see more . 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. Smiley:Yes, absolutely. "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. 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. If you do not agree to the use of cookies, you should not navigate Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. The company released its first quarter of fiscal 2022earnings reporton Tuesday. June 16, 2022 Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. Hormel Foods Surprises Community Nonprofits . She began her career at J.P. Morgan in the investment banking and asset management divisions. You have a more than 25-year career as a senior executive, including two decades at GE in senior finance roles. The company also invested $368 million into capital projects. Inspired Food.. 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 . 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. We use cookies to provide you with a better experience. 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. However, the pandemic has also bred consumer behavior changes, driving higher and sustained retail sales in all four of Hormel Foods' segments. 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. The One Supply . 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. Young plans to transition from his role as CFO once his successor is identified. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). 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,. Organic net sales were down 4% for the quarter. And part of the priorities that I have for the team is really spending more time simplifying our processes. Our ingredient suppliers are subject to additional measurements to further ensure quality and food safety. Earlier in his career, Paris served as audit senior manager for Deloitte & Touche LLP. data. Inspired Food. He served in his current position since 2017. "Mark has had an outstanding career with Hormel Foods," Snee said. 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,. He was elevated to his current role in 2017. Sign up to get it delivered free to your inbox. They might not know how to do nine of the 10 job requirements, but theyll still take the job. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Corporate Manager of IT Applications - Supply Chain at Hormel Foods United States. For additional information about our supply chain, please visit our corporate website. Jen brings significant supply chain expertise to this role, Mr. Snee said. 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 Image source: gojak/iStock/Getty Images. Hormel Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel In partnership, we deliver quality products and add value to society. 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. I am confident that Mark will continue to bring a strategic focus to building our One Supply Chain capabilities, operational excellence and long-term growth for the enterprise.. The 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. 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 retire during the second calendar quarter of 2021. This amount includes independent family-owned hog farms. 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. As part of our commitment to supply chain sustainability management, we require all ingredient suppliers to have third-party food safety audits. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. Paris is currently the corporate controller and treasurer of The Marcus Corporation. Wartburg College. "He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. 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. Jai Agarwalwas named CFO atClaros Mortgage Trust, Inc. (NYSE: CMTG). All Rights Reserved BNP Media. All Rights Reserved. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future - Inspired People. Suppliers that exceed our established standards are eligible for our annual Hormel Foods Spirit of Excellence Awards. His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. He joins 1stDibs from Vesta Healthcare, where he served as CFO for the past five years. "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 . It reported net sales of $11.4 billion in fiscal 2021, a year-over-year increase of 19%. Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. Jen Ehresmann Elevated to Vice President, Supply Chain 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 retire during the second calendar quarter of 2021. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. R.J. Weve also literally said to our customers, can you pick up your product? Were inspired by big ideas and small egos. Lykken was most recently president of Applegate, a Hormel Foods company. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/. I am truly sorry and committed to rebuilding your trust.". Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. The data is based on a survey of 2,050 small business consumers. Full-year net sales, however, tallied $9.6 billion, up 1%, and organic net sales increased 2%. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. He also served as a private equity professional at Avista Capital Partners. Hormel Foods values the long-standing relationships we have established with our suppliers. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Since the onset of the global pandemic last March, supply chains became unarmored against the unprecedented effects of fluctuating demand. In addition to ensuring our suppliers comply with the food safety standards recognized by the Global Food Safety Initiative (GFSI), we make a concerted effort to give diverse companies, such as small, women-owned, minority-owned and veteran-owned businesses, the opportunity to supply quality products that meet our companys growing business needs. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. 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 45-Day Satisfaction Guarantee, California Transparency in Supply Chains Act of 2010. Organic sales increased 13% for the quarter. If a supplier is found to be in violation of our Supplier Code of Conduct/sourcing policies, we require the supplier to implement corrective actions. "Jen brings significant supply chain expertise to this role," said Snee. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Copyright 2023. "Jen brings significant supply chain expertise to this role," said Snee. Shared services type areas like AR, AP, payroll are ripe for automation and simplification and that will be a focus also help to facilitate the shift. Prior to this role, Bauer worked in the Investment Banking Divisions at CITI and Lehman Brothers. For more information on each of these leaders, visit www.hormelfoods.com. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. 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.. Agarwal most recently served as the CFO, treasurer, and secretary of Apollo Commercial Real Estate Finance, Inc. 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? By closing this message or continuing to use our site, you agree to the use of cookies. 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. Before that, he served as managing director of mergers and acquisitions advisory in the Midstream Energy Group at Evercore Partners. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. I recently talked with Smiley, who also oversees IT, about her first task as CFO, navigating supply chain issues, and mentoring. 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 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. The company released its first quarter . Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. 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 . hormel.com; hormelfoods.com; 3 507437XXXX; 507437XXXX; 507-434-XXXX; Jim Ufford . In his new role, Coffey will lead Hormels One Supply Chain global operation. Currently, Patel serves as VP of supply chain finance and transformation, for Verifone, a fintech company. 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. All Rights Reserved. (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 . He held his current position since 2017. Mark Coffey, Group VP of Supply Chain at Hormel. Coffey has had a more than 30-year career with Hormel Foods. With acquisitions being a key part of Hormel Foods' growth strategy, the company believes it can attain supply chain, SG&A, and sales synergies to meet long-term organic growth targets. Chad Pariswas named the next CFO atThe Marcus Corporation(NYSE: MCS). You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. In addition, in 2021 we conducted eight food safety supplemental audits. 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. Continue to increase our purchasing spend annually with small and diverse businesses. In his new role, Mr. Coffey will lead Hormels One Supply Chain global operation. 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. Additionally, Jen Ehresmann was named to vice president of supply chain. this website, certain cookies have already been set, which you may delete and Acquisition of the Iconic Planters Brand is a Continuation of the Company's Evolution as a Global Branded Food Company Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that it has entered into a definitive agreement to acquire the Planters snack nut portfolio from the Kraft Heinz Company (Nasdaq: KHC). Douglas A. Neis, current EVP and CFO, will retire on May 15, after 36 years of service. But regarding immediate challenges that weve faced, from a logistics standpoint, weve been flexible with how we actually secure trucks to transport goods. Are you investing in technology for the finance function? 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. 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 . Gross profit increased $89 million compared to last year, a 20% increase. The business community weighs in. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. 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. 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 also expect significant synergies as we integrate this business into our One Supply Chain and Project Orion system.". The One Supply Chain team will continue to oversee the company's global supply chain. If suppliers are found to be noncompliant, appropriate action is taken up to and including termination. 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. 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. 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