He was promoted to his current position in 2017. 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. 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. This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. The companys supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Leitchs retirement is effective during the second quarter of 2021, according to the company. He was elevated to his current role in 2017. 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. ABOUT HORMEL FOODS - Inspired People. For additional information about our supply chain, please visit our corporate website. "Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store," said Snee. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. R.J. Rising supply chain costs a key concern for C.P.G. Additionally, Jen Ehresmann was named to vice president of supply chain. His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. For example, in 2020, company research showed that consumers became increasingly more loyal to the SPAM, Skippy, Jennie-O, Applegate, Columbus, and Hormel Black Label brands since consumers shifted to eating home-prepared meals due to Covid lockdowns and restrictions. Hormel Foods is the No. Lykken was most recently president of Applegate, a Hormel Foods company. Lykken was most recently president of Applegate, a Hormel Foods company. 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.. 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. Demand is strong, but we now need to prioritize what we run. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future Inspired People. Wartburg College. AUSTIN, Minnesota , January 30, 2014 ( press release ) - Hormel Foods Corporation (HRL), today announced the upcoming retirements of William F. Snyder, senior vice president - supply chain, David P. Juhlke, vice president of human resources, and Michael L. Devine, vice president of operations - grocery products. In a recent GEP study on The Business Costs of Supply Chain Disruptions, 40% of respondents said that changing their sales and pricing strategies and adapting to evolving consumer preferences amid Covid-19 was a challenge. 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). All Rights Reserved BNP Media. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. "Hormel Foods is a distinctly different company than it was a decade ago, with a food forward, growth-oriented . 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. All Rights Reserved. He also served as a private equity professional at Avista Capital Partners. 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. All Rights Reserved. He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. Design, CMS, Hosting & Web Development :: ePublishing. About Hormel . Hormel Foods values the long-standing relationships we have established with our suppliers. Jody Feragen, the first, retired in 2016. 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. We do have customers with the ability to pick up their goods, but they werent. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. 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.. Do you currently have finance professionals who are able to now focus more on being business partners than manual work? Supply Chain Director directs overall supply chain operations, including purchasing, inventory, selection of vendors, and distribution of finished goods. 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 . 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.. If appropriate corrective actions cannot be agreed to or are not made, Hormel Foods will suspend or discontinue purchases from the supplier. How has the company handled supply chain challenges? 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. Smiley officially began as finance chief in January, succeeding Jim Sheehan, who retired from Hormel at the end of 2021. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. "Mark has had an outstanding career with Hormel Foods," Snee said. Sign up to get it delivered free to your inbox. Full-year net sales, however, tallied $9.6 billion, up 1%, and organic net sales increased 2%. He held his current position since 2017. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. Hormel Foodsannounced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. The One Supply Chain team will continue to oversee the company's global supply chain. hormel.com; hormelfoods.com; 3 507437XXXX; 507437XXXX; 507-434-XXXX; Jim Ufford . We will continue working with our suppliers to reach our 100% traceability goal. 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. He was even a reference for me for my job at Hormel. 2023 Hormel Foods Corporation. I had never done integration. Inspired Food. - focusing on its legacy of innovation. By closing this message or continuing to use our site, you agree to the use of cookies. Hormel Foods Surprises Community Nonprofits . Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. We have made significant progress toward this commitment and reached 77% of our goal at the end of 2021. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. Our management team fosters an environment where careers flourish and innovative ideas come to life. 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. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. According to Jim Snee, this strategic acquisition will contribute to Hormel Foods' evolution from a commodity-oriented, meat-centric company. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. We aim to continue to increase our purchasing spend annually with small and diverse businesses. 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. 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. Later, the IT team began phasing in Oracle Fusion Cloud Supply Chain Management (SCM). 2023 Hormel Foods. I was asked to take on the integration of a business that they just bought in oil and gas in Houston. I moved an average of every 18 to 20 months. All Rights Reserved BNP Media. 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. "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. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Early in Leitchs career with Hormel, which began in 1996, he served in multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. Hormel Foods 45-Day Satisfaction Guarantee, California Transparency in Supply Chains Act of 2010. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. However, the pandemic has also bred consumer behavior changes, driving higher and sustained retail sales in all four of Hormel Foods' segments. Prior to joining Verifone, Patel held the position of finance director for the Telecom Consumer Premise Equipment business unit at Motorola. This includes environmental and social responsibility, as well as business drivers for the upcoming year. Inspired Food. focusing on its legacy of innovation. Gross profit increased $89 million compared to last year, a 20% increase. Organic sales increased 13% for the quarter. One factor leading to this achievement is Hormel Foods' ability to survey market dynamics and adapt to consumer behavior changes and trends to unlock supply chain capacity. The company released its first quarter . By continuing to browse the site you are agreeing to our use of cookies in accordance with our. The timing was, well, interesting: Hormel Foods forged ahead with its modernization despite being in the middle of a global . Visit our privacy 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. At the beginning of your career, how did you navigate the financial industry that traditionally hasnt had many women in senior management roles? As generations change and technology continues to evolve, people want to do work that adds value. Scaringe, the founder of Amazon-backed EV startup Rivian, admitted in an open letter on Thursday, after online outrage resulting in a double-digit decline in its shares on Wednesday, that he lost fans trust by increasing the prices of his two models without warning, as reported by Fortune. The proposed transaction is expected to close in . Shes the companys second female CFO. 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. Completed initiatives have unlocked capacity and given the company the opportunity to fully meet demand. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. "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. Currently, Patel serves as VP of supply chain finance and transformation, for Verifone, a fintech company. Copyright 2023. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. The business community weighs in. 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 look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.". She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. And actually part of the organization structure that Im getting ready to announce soon bifurcates the roles and responsibilities. Are you investing in technology for the finance function? I can tell you, I never, in my 20 years at GE, truly interviewed for one job. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. 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