They might not know how to do nine of the 10 job requirements, but theyll still take the job. Demand is strong, but we now need to prioritize what we run. "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. "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. Prior to joining Verifone, Patel held the position of finance director for the Telecom Consumer Premise Equipment business unit at Motorola. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. At the beginning of your career, how did you navigate the financial industry that traditionally hasnt had many women in senior management roles? "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. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. In his new role, Coffey will lead Hormels One Supply Chain global operation. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). This includes environmental and social responsibility, as well as business drivers for the upcoming year. If appropriate corrective actions cannot be agreed to or are not made, Hormel Foods will suspend or discontinue purchases from the supplier. As women, we sometimes think we need to be able to check off all the boxes. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justins, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. Coffey is now working as senior vice president of supply chain and manufacturing and Ehresmanns current role is director of customer logistics and strategy. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/. "Mark has had an outstanding career with Hormel Foods," Snee said. Glenns 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 todays changing marketplace, said Jim Snee, chairman of the board, president and chief executive officer of Hormel. About Hormel . Hormel Foods values the long-standing relationships we have established with our suppliers. Wartburg College. Weve actually gone to towns and bused people from where they are living to the plant. Leitch brings more than 35 years of experience in the food and commodity industries to this role with broad experience in the protein space, both domestically and internationally. 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 Foodsannounced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. Advance our antibiotic stewardship efforts and pilot an antibiotic use measurement and reporting system. Supply Chain Director directs overall supply chain operations, including purchasing, inventory, selection of vendors, and distribution of finished goods. Jen Ehresmann, Hormel's VP of Supply Chain. Were inspired by big ideas and small egos. 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. 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. Smiley:What I do for most roles I step into is first, talk to the team about my leadership style, which is one of being very inclusive and empowering. in order to automate as much as possible to reduce some of the manual work. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. The move is part of the companys plan to make its supply chain a strategic competitive advantage, while optimizing it to deliver sustainable long-term growth. Incremental supply chain costs related to the pandemic continue to have an inevitable impact on its profitability. The company also invested $368 million into capital projects. Maintain high standards for animal care and handling throughout our supply chain. this website, certain cookies have already been set, which you may delete and Jen brings significant supply chain expertise to this role, Snee said. The One Supply . 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 . This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. "We also expect significant synergies as we integrate this business into our One Supply Chain and Project Orion system.". Preparing Travis profile View Travis's Email & Phone . We aim to continue to increase our purchasing spend annually with small and diverse businesses. Snee said the company will leverage its One . 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. AUSTIN, MINN. - Hormel Foods Corp. has been hampered by supply chain constraints for much of the pandemic. All rights reserved. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. ***Please take a few minutes to complete this short CFO Daily survey. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. 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. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.. Formulations of classic options make their debut at the California trade show. All Rights Reserved. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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. 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. 59 followers 55 connections. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. 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. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Do you currently have finance professionals who are able to now focus more on being business partners than manual work? Inspired Food.. R.J. We also meet with our top suppliers annually to evaluate their initiatives and review service metrics along with diverse business spend and sustainability. For more information on each of these leaders, visit www.hormelfoods.com. Copyright 2023. Young plans to transition from his role as CFO once his successor is identified. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. Our ingredient suppliers are subject to additional measurements to further ensure quality and food safety. Agarwal most recently served as the CFO, treasurer, and secretary of Apollo Commercial Real Estate Finance, Inc. Prior to joining Cantor Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank. 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'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.". The Jennie-O supply chain has largely been run separately from the rest of the company's supply chain at Hormel Foods as it is vertically integrated. The business community weighs in. 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. 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. Shes the companys second female CFO. 2023 Hormel Foods Corporation. The company released its first quarter . The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. I had never done integration. Powered and implemented by Interactive Data Managed Solutions. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. 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. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. He was elevated to his current role in 2017. Hormel Foods Surprises Community Nonprofits . Senior Vice President and Chief Compliance Officer, Director since November 2018; Lead Director since 2023, Former Chairman of the Board, President and Chief Executive Officer, Director of Norman Borlaug Institute for International Agriculture, Former President and Chief Executive Officer, Former Vice Chairman and Chief Financial Officer of Archer-Daniels-Midland Company. Weve also literally said to our customers, can you pick up your product? 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. Continue to increase our purchasing spend annually with small and diverse businesses. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Despite absorbing$80 million - $100 millionin supply chain disruption costs in 2020 due to several of its plant facilities' closures, the company continued to flourish through its One Supply Chain initiative. If suppliers are found to be noncompliant, appropriate action is taken up to and including termination. 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. Are you investing in technology for the finance function? 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. 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. 20 By 30 Challenge Goals As part of our 20 By 30 Challenge, we are striving to achieve the following goals by 2030: Maintain high standards for animal care and handling throughout our supply chain. 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. 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 alignment of our supply chain from procurement to shipment has never been more important, said Jim Snee, chairman of the board, president, and chief executive officer, Hormel Foods. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. 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. Prior to this role, Bauer worked in the Investment Banking Divisions at CITI and Lehman Brothers. 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. 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. Secondly, I assess the talent because I think thats so critical to just figuring out, do we have the right folks in the right seat to be able to partner with the business? We actually have a team of about 24 data engineers and data scientists. The following interview has been condensed and lightly edited for clarity. The other piece, too, is around being innovative on how we get labor from place to place. Suppliers that exceed our established standards are eligible for our annual Hormel Foods Spirit of Excellence Awards. Alethia Youngwas namedCFO at Graphite Bio, Inc.(Nasdaq: GRPH), a clinical-stage gene editing company. So, the accounting function will be separated out and report into the Controllership function to allow the business finance leaders to fully partner with the business unit and supply chain leaders. C.H. 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. For more information about our supply chain, please visit our corporate, Hormel Foods 45-Day Satisfaction Guarantee. So, I was also the leader from an IT perspective in getting this new system in place. "Jen brings significant supply chain expertise to this role," said Snee. Director of Supply Chain @ Rise Baking Company; see more . We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". View original content with multimedia:http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. RMI Cobalt Refiner Supply Chain Due Diligence Standard . Early in Mr. Leitchs career with Hormel, which began in 1996, he held multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. Jody Feragen, the first, retired in 2016. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. I had an accounting teacher, and she was just amazing, Smiley told me. By closing this message or continuing to use our site, you agree to the use of cookies. The move is part of the company's plan to make its supply chain a strategic competitive advantage, while optimizing it to deliver sustainable long-term growth. Inspired Food. - focusing on its legacy of innovation. Third-party audits may be conducted based on the results of these assessments. We use cookies to provide you with a better experience. By visiting this website, certain cookies have already been set, which you may delete and block. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). Since then, she has held several increasingly senior finance roles in all Shells major businesses, in Europe, North America and latterly globally. The move is part of the company's plan to make its supply chain a strategic competitive . 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. block. He held his current position since 2017. In partnership, we deliver quality products and add value to society. The companys supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. 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. Offers may be subject to change without notice. He was even a reference for me for my job at Hormel. this website. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. All Rights Reserved BNP Media. 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. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. 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. Now, I had to integrate this business, and the people, including implementing SAP. He was elevated to his current role in 2017. For more information, visit www.hormelfoods.com. Opinions expressed by Forbes Contributors are their own. Chief Financial Officer of C.H. ABOUT HORMEL FOODS - Inspired People. 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. Lykken was most recently president of Applegate, a Hormel Foods company. 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. Smiley:From a long-term perspective, it has accelerated some things that we needed to do around automation. Develops and implements a strategy to ensure that critical processes run effectively and achieve organizational goals and performance KPIs. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. 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