Third, establishing our vision. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. He was even a reference for me for my job at Hormel. Hormel Foods 8 years 8 months Retired Director of Finance - Supply Chain Jul 2022 - Present10 months Austin, Minnesota, United States Director of Finance - Supply Chain Mar 2018 - Jul. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). 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. RMI Cobalt Refiner Supply Chain Due Diligence Standard . Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. 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. The proposed transaction is expected to close in . 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. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. Hormel Foods values the long-standing relationships we have established with our suppliers. 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 71% of Gen Z and 68% of millennial respondents prefer cashless payment options when paying for larger services like home repairs. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. June 16, 2022 Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. Design, CMS, Hosting & Web Development :: Mark Coffey, new group vice president of supply chain for Hormel, and Jen Ehresmann, new vice president of supply chain, Sign up for our free newsletters to stay informed on each days news and trends, Blue Apron names new chief supply chain officer, CKE Restaurant Holdings names two new senior executives, Alabama tribe starts meat processing plant project, Tyson workers on strike before the Van Buren plant closure, 2023 red meat production expected to be lower. Advance our antibiotic stewardship efforts and pilot an antibiotic use measurement and reporting system. For more information, visit www.hormelfoods.com. Chad Pariswas named the next CFO atThe Marcus Corporation(NYSE: MCS). 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,. 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. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. In partnership, we deliver quality products and add value to society. "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.". "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 . All Rights Reserved. Any advice for women on the road to the C-suite? Hormel Foods 45-Day Satisfaction Guarantee, California Transparency in Supply Chains Act of 2010. By visiting this website, certain cookies have already been set, which you may delete and block. 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. 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. 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. I want to help manage your career. He became my sponsor through my entire 20 years there, and he is a white man. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. The company released its first quarter . She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. 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. 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. We actually have a team of about 24 data engineers and data scientists. The following interview has been condensed and lightly edited for clarity. Weve also literally said to our customers, can you pick up your product? Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced a new strategic operating model, aligning its businesses to be more agile, consumer and customer focused, and market driven. All Rights Reserved BNP Media. Hormel Foods Corporation is an equal opportunity employer. Its global supply chain will continue to be overseen by its One Supply Chain team. He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. "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. "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. 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. 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. 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. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. 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? Our ingredient suppliers are subject to additional measurements to further ensure quality and food safety. When I came to the U.S. in 1987, I was already set on going to a university and studying accounting.. So, I was also the leader from an IT perspective in getting this new system in place. 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. KIEV, UKRAINE - 2018/12/26: In this photo, illustration, the Hormel Food company logo seen displayed on a smartphone. In 2021, we implemented an online survey assessment process with our suppliers to evaluate their environmental, social and governance (ESG) performance. Our purchasing spend with diverse businesses was $1.3 billion in calendar year 2021. 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. How has the company handled supply chain challenges? He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. Hormel Foods is the No. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. In addition, to ensure compliance with our sourcing principles, Hormel Foods will require suppliers to assess plantations in its supply chain (through internal and external assessment teams) and submit reports and findings annually, which will be reviewed by the Hormel Foods Palm Oil Council. Before that, he served as managing director of mergers and acquisitions advisory in the Midstream Energy Group at Evercore Partners. Smiley:Yes, absolutely. He also previously served as chief accounting officer and treasurer of DoubleClick. The One Supply Chain team will continue to oversee the company's global supply chain. "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. 59 followers 55 connections. Paris is currently the corporate controller and treasurer of The Marcus Corporation. Solidifies Companys Plans to Modernize and Optimize Global Supply Chain. help you have the best experience while on the site. 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. You have a more than 25-year career as a senior executive, including two decades at GE in senior finance roles. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Design, CMS, Hosting & Web Development :: Mark Coffey, newgroup vice president of supply chain for Hormel, and Jen Ehresmann, new vice president of supply chain. "Jen brings significant supply chain expertise to this role," said Snee. Coffey has had a more than 30-year career with Hormel Foods. Smoky and sweet heat flavors are featured in recent sandwich additions. 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. It reported net sales of $11.4 billion in fiscal 2021, a year-over-year increase of 19%. 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. Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store, said Snee. 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. And actually part of the organization structure that Im getting ready to announce soon bifurcates the roles and responsibilities. Rising supply chain costs a key concern for C.P.G. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. About 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. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. 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. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/. All Rights Reserved. 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. It goes back to leaders who say, I think that youre capable of doing this. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. 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 . S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. Glenns expertise will be invaluable as we find ways to be more strategic, cost-effective and agile in preparing to meet the needs of todays changing marketplace.. AUSTIN, MINN. - Hormel Foods Corp. has been hampered by supply chain constraints for much of the pandemic. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. 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. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Columbus, Wholly guacamole, Hormel Black Label and more than 30 other beloved brands. 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. At the beginning of your career, how did you navigate the financial industry that traditionally hasnt had many women in senior management roles? In addition, in 2021 we conducted eight food safety supplemental audits. 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. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. Terms & Conditions. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. They might not know how to do nine of the 10 job requirements, but theyll still take the job. By visiting this website, certain cookies have already been set, which you may delete and block. Inspired Food. to bring some of the world's most trusted and iconic brands to tables across the globe. Powered and implemented by Interactive Data Managed Solutions. Prior to joining Verifone, Patel held the position of finance director for the Telecom Consumer Premise Equipment business unit at Motorola. 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. We have made significant progress toward this commitment and reached 77% of our goal at the end of 2021. 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. "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.". By visiting this website, certain cookies have already been set, which you may delete and block supply... The 10 job requirements, but theyll still take the job new system in.! Some of the Marcus Corporation ( NYSE: MCS ) brands to tables across globe! The commodity and supply chain includes more than 30 production facilities and co-packing Partners, producing thousands of products worldwide... Refrigerated Foods and Grocery products into the newly created group 68 % our. Accounting officer and treasurer of the organization structure that Im getting ready to announce bifurcates... 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