I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.. AUSTIN, MINN. - Hormel Foods Corp. has been hampered by supply chain constraints for much of the pandemic. Inspired Food.. 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.". Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. All Rights Reserved. REUTERS/Brendan McDermid. 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. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. What was at the top of your agenda when you became CFO? 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 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. 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? Copyright 2023. He was promoted to senior vice president of its commodity and supply division in 2001 and was appointed to general manager in 2011 and promoted to president that same year. Our leaders empower all of us to bring more to the table for employees, consumers, investors and the communities we call home. Jacinth Smiley, EVP, CFO at Hormel Foods / Photo courtesy of Hormel Foods, The 5 best supplements for healthy aging, according to a longevity expert, Elon Musk says he learned a lot today after cancelling SpaceXs giant rocket launch at last minute. Weve had to accelerate how we look at data and use that intelligence. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. C.H. 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. The company also invested $368 million into capital projects. 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 . 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.. And part of the priorities that I have for the team is really spending more time simplifying our processes. 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. 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. He was promoted to his current position in 2017. Smiley officially began as finance chief in January, succeeding Jim Sheehan, who retired from Hormel at the end of 2021. We have made significant progress toward this commitment and reached 77% of our goal at the end of 2021. Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. He also served as a private equity professional at Avista Capital Partners. I moved an average of every 18 to 20 months. Leitchs retirement is effective during the second quarter of 2021, according to the company. I studied The Love Jones Cohort and found it was real: More Black Americans with higher education are choosing CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. 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.". this website. He was even a reference for me for my job at Hormel. Notably, the meatpacking industry saw an enormous burden on producers and consumers, leading to reduced meat production and higher prices. Weve actually gone to towns and bused people from where they are living to the plant. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. I was asked to take on the integration of a business that they just bought in oil and gas in Houston. Earlier in her career, she was a research policy analyst and president at Marwood Group. Bauer most recently served as EVP and CFO at Nuverra Environmental Solutions (NYSE: NES). Copyright 2023. 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. Inspired Food. - focusing on its legacy of innovation. 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. Hormel Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel Later, the IT team began phasing in Oracle Fusion Cloud Supply Chain Management (SCM). Paris is currently the corporate controller and treasurer of The Marcus Corporation. We do have customers with the ability to pick up their goods, but they werent. Steve Lykken to Lead Jennie-O Turkey Store. "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. All Rights Reserved. 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. Robinson Worldwide, Inc. 2023 Hormel Foods Corporation. Hormel Foods Corporation, based in Austin, Minnesota,is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. According to Jim Snee, this strategic acquisition will contribute to Hormel Foods' evolution from a commodity-oriented, meat-centric company. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. When I came to the U.S. in 1987, I was already set on going to a university and studying accounting.. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. "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. Maintain high standards for animal care and handling throughout our 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. Smiley:We do. Smiley:Yes, absolutely. However, Hormel Foods' demonstrated ability to price their categories after implementing a price increase led to a 7% sales increase and a 4% volume increase across the SPAM, SKIPPY, Hormel Compleats, and Herdez brands. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. Early in Mr. Leitchs career with Hormel, which began in 1996, he held multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 2023 Hormel Foods. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. When Jacinth Smiley, EVP and CFO at Hormel Foods, was a high school student in Jamaica, she was drawn to numbers. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. 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. They might not know how to do nine of the 10 job requirements, but theyll still take the job. Douglas A. Neis, current EVP and CFO, will retire on May 15, after 36 years of service. ABOUT HORMEL FOODS - Inspired People. 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. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. The company released its first quarter . Agarwal most recently served as the CFO, treasurer, and secretary of Apollo Commercial Real Estate Finance, Inc. The data is based on a survey of 2,050 small business consumers. Glenn's expertise will be invaluable as we find ways to be more strategic, cost-effective and agile in preparing to meet the needs of today's changing marketplace.". Gross profit increased $89 million compared to last year, a 20% increase. "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. 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. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. 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. View original content with multimedia:http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. All Rights Reserved. We use cookies to provide you with a better experience. Coffey is now working as senior vice president of supply chain and manufacturing and Ehresmanns current role is director of customer logistics and strategy. "We also expect significant synergies as we integrate this business into our One Supply Chain and Project Orion system.". 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. 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. He was elevated to his current role in 2017. The proposed transaction is expected to close in . What do we want to be as a team? 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. But regarding immediate challenges that weve faced, from a logistics standpoint, weve been flexible with how we actually secure trucks to transport goods. He was elevated to his current role in 2017. We actually have a team of about 24 data engineers and data scientists. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. Begin a search for the next CFO, will retire on May 15, after 36 years of service Hormel. Also announced that Steve Lykken has been a leader in the food industry has... 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