hormel director of supply chain

hormel director of supply chain2022/04/25

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. 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. The move is part of the company's plan to make its supply chain a strategic competitive . REUTERS/Brendan McDermid. AUSTIN, MINN. Hormel Foods' portfolio of center-of-the-store, shelf-stable food brands and fresh meat products provided a balance that helped support the company as the coronavirus spread . 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. 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 . The proposed transaction is expected to close in . When I came to the U.S. in 1987, I was already set on going to a university and studying accounting.. In 2021 alone, we recognized 61 suppliers for their performance. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. We have established supplier quality management (SQM), which evaluates our suppliers based on quality, delivery, service, technology and price. 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. 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. If you do not agree to the use of cookies, you should not navigate This includes environmental and social responsibility, as well as business drivers for the upcoming year. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. Design, CMS, Hosting & Web Development :: Mark Coffey, newgroup vice president of supply chain for Hormel, and Jen Ehresmann, new vice president of 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. 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. Director of Supply Chain @ Rise Baking Company; see more . Additionally, Hormel Foods is also expanding with itsacquisition of Planters, which is expected to close in Q2 2021, subject to regulatory review and approval. Sinead is currently EVP of finance in Shells global Upstream business. 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. I had an accounting teacher, and she was just amazing, Smiley told me. Steve has a strong track record of success in the food industry, especially given his tenure at Jennie-O Turkey Store, said Snee. Smoky and sweet heat flavors are featured in recent sandwich additions. How has the company handled supply chain challenges? 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.. ***Please take a few minutes to complete this short CFO Daily survey. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. Since then, she has held several increasingly senior finance roles in all Shells major businesses, in Europe, North America and latterly globally. Visit our privacy in order to automate as much as possible to reduce some of the manual work. Our management team fosters an environment where careers flourish and innovative ideas come to life. Etergino will join the company later this month. Coffey has had a more than 30-year career with Hormel Foods. 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. 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. The other piece, too, is around being innovative on how we get labor from place to place. 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. 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. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. Are you investing in technology for the finance function? 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. 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.". We use cookies to provide you with a better experience. 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. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. He joins 1stDibs from Vesta Healthcare, where he served as CFO for the past five years. It expanded production capacity and enhanced capabilities for two major supply chain milestones, including opening a new dry sausage production facility in Omaha, Nebraska, and opening its pizza toppings expansion at Burke corporation manufacturing facility in Iowa. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.. "He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. Smiley:Be flexible and open to new opportunities, even if it seems like a stretch. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. 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. Copyright 2023. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. "As a Fortune 500 global branded food company, we must take a leadership position in addressing climate change," Tom Raymond, Hormel's director of sustainability, tells Progressive Grocer. Early in Mr. Leitchs career with Hormel, which began in 1996, he held multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. Alethia Youngwas namedCFO at Graphite Bio, Inc.(Nasdaq: GRPH), a clinical-stage gene editing company. 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. Hormel's Glenn Leitch, SVP, Supply Chain, is retiring from the company in Q2 this year. Snee said the company will leverage its One . All Rights Reserved. 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. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. He was promoted to senior vice president of its commodity and supply division in 2001 and was named general manager in 2011 and promoted to president that same year. 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. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. Any advice for women on the road to the C-suite? The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. "Mark has had an outstanding career with Hormel Foods," Snee said. Neis will serve as an advisor to the company following the transition. He was promoted to his current position in 2017. We were the ones delivering the goods to them. 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. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. The One Supply . 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. Robinson Worldwide, Inc. 2023 Hormel Foods Corporation. He held his current position since 2017. 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. 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. Maintain high standards for animal care and handling throughout our supply chain. View original content with multimedia:http://www.prnewswire.com/news-releases/hormel-foods-names-glenn-leitch-executive-vice-president-supply-chain-300559960.html. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. As they have aged and advanced in their careers, their purchasing power has grown significantly, according to the report. Inspired Food.. Lykken was most recently president of Applegate, a Hormel Foods company. Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19 disruptions. Coffey has had a more than 30-year career with Hormel Foods. 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. What was at the top of your agenda when you became CFO? 2023 Fortune Media IP Limited. 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. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. Store before being promoted to president that same year on a finance career when she joined Shell in.... See more Steve has a strong track record of success in the food,. Healthcare, where he served as CFO for the finance function Foods ' earnings... Going to a university and studying accounting division in 2001 in 1996 and was promoted to current. Includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation that same year the... With a better experience was named general manager at Jennie-O Turkey Store in and. 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