In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. Jai Agarwalwas named CFO atClaros Mortgage Trust, Inc. (NYSE: CMTG). Since the onset of the global pandemic last March, supply chains became unarmored against the unprecedented effects of fluctuating demand. Its global supply chain will continue to be overseen by its One Supply Chain team. Etergino will succeed Tu Nguyen, who will be taking on a new role outside of the company. Jen brings significant supply chain expertise to this role, Mr. Snee said. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. Its our role as leaders to make it easy for talent to understand whats possible in their career path. Are you investing in technology for the finance function? All Rights Reserved. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. This amount includes independent family-owned hog farms. Coffey has had a more than 30-year career with Hormel Foods. Since joining Hormel in 2001, Ms. 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. 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. Inspired Food.. Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. The company released its first quarter . Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. Maintain high standards for animal care and handling throughout our supply chain. Jody Feragen, the first, retired in 2016. He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. Inspired Food. Formulations of classic options make their debut at the California trade show. 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. Our management team fosters an environment where careers flourish and innovative ideas come to life. Hormel Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel View original content with multimedia:http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. 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. They might not know how to do nine of the 10 job requirements, but theyll still take the job. Earlier in her career, she was a research policy analyst and president at Marwood Group. How has the company handled supply chain challenges? 2023 Fortune Media IP Limited. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. 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. Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19 disruptions. 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. Additionally, Hormel Foods is also expanding with itsacquisition of Planters, which is expected to close in Q2 2021, subject to regulatory review and approval. But our male counterparts, theyre the complete opposite. As it heads into the new year, Hormel has made investments to increase capacity including upcoming plants in Iowa and Nebraska, slated to open in the first quarter and first half, respectively . 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. 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. The data is based on a survey of 2,050 small business consumers. Supply Chain Director directs overall supply chain operations, including purchasing, inventory, selection of vendors, and distribution of finished goods. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. 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. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. 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.". 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. 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. It goes back to leaders who say, I think that youre capable of doing this. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Powered and implemented by Interactive Data Managed Solutions. Hormel Foods Corporation is an equal opportunity employer. Mark Coffey, Group VP of Supply Chain at Hormel. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. For more information, visit www.hormelfoods.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. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. 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. In his new role, Coffey will lead Hormels One Supply Chain global operation. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future - Inspired People. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. 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. I had never done integration. What do we want to be as a team? 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. All Rights Reserved. About 71% of Gen Z and 68% of millennial respondents prefer cashless payment options when paying for larger services like home repairs. Do you currently have finance professionals who are able to now focus more on being business partners than manual work? 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. The other piece, too, is around being innovative on how we get labor from place to place. RMI Cobalt Refiner Supply Chain Due Diligence Standard . Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. 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. 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 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. Continue to increase our purchasing spend annually with small and diverse businesses. When I came to the U.S. in 1987, I was already set on going to a university and studying accounting.. 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. Bauer most recently served as EVP and CFO at Nuverra Environmental Solutions (NYSE: NES). 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. At the beginning of your career, how did you navigate the financial industry that traditionally hasnt had many women in senior management roles? Smiley:From a long-term perspective, it has accelerated some things that we needed to do around automation. 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.. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. As generations change and technology continues to evolve, people want to do work that adds value. In 2021 alone, we recognized 61 suppliers for their performance. 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. "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. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. 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. 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.. In case you missed it, heres what was featured in CFO Daily this week: Levis CFO on how the company survived the pandemic, Targets CFO is laser-focused on talent and increasing wages, Should the SEC require companies to disclose ties to Russia? AUSTIN, MINN. - Hormel Foods Corp. has been hampered by supply chain constraints for much of the pandemic. The move is part of the company's plan to make its supply chain a strategic competitive . We use cookies to provide you with a better experience. If suppliers are found to be noncompliant, appropriate action is taken up to and including termination. Organic net sales were down 4% for the quarter. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. 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. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. Snee said the company will leverage its One . Chief Financial Officer of C.H. Agarwal most recently served as the CFO, treasurer, and secretary of Apollo Commercial Real Estate Finance, Inc. Director of Supply Chain @ Rise Baking Company; see more . Smiley:Be flexible and open to new opportunities, even if it seems like a stretch. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Wartburg College. 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. 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 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. All Rights Reserved. But regarding immediate challenges that weve faced, from a logistics standpoint, weve been flexible with how we actually secure trucks to transport goods. Douglas A. Neis, current EVP and CFO, will retire on May 15, after 36 years of service. Develops and implements a strategy to ensure that critical processes run effectively and achieve organizational goals and performance KPIs. Report this profile . In 2016, the company celebrated its 125th anniversary and announced its new vision for the future Inspired People. By visiting this website, certain cookies have already been set, which you may delete and block. "Mark has had an outstanding career with Hormel Foods," Snee said. Additionally, Jen Ehresmann was named to vice president of supply chain. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. According to Jim Snee, this strategic acquisition will contribute to Hormel Foods' evolution from a commodity-oriented, meat-centric company. Prior to joining Cantor Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank. Additionally, Jen Ehresmann was named to vice president of supply chain. "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 . The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. 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. "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. "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. All rights reserved. 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. 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. 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). Advance our antibiotic stewardship efforts and pilot an antibiotic use measurement and reporting system. "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. 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. 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. Young plans to transition from his role as CFO once his successor is identified. 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. Image source: gojak/iStock/Getty Images. 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. You have a more than 25-year career as a senior executive, including two decades at GE in senior finance roles. 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