Develops and implements a strategy to ensure that critical processes run effectively and achieve organizational goals and performance KPIs. 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. 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 . Copyright 2023. All Rights Reserved. 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. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. She spent 20 years with General Electric (GE) andwas VP and chief accounting officer for LyondellBasell, prior tojoining Hormel in April 2021 as group vice president of corporate strategy. 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. Weve had to accelerate how we look at data and use that intelligence. The One Supply Chain team will continue to oversee the company's global supply chain. Hormel Foods Corporation is an equal opportunity employer. Chad Pariswas named the next CFO atThe Marcus Corporation(NYSE: MCS). By visiting in order to automate as much as possible to reduce some of the manual work. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices 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. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. Its our role as leaders to make it easy for talent to understand whats possible in their career path. Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. Weve also literally said to our customers, can you pick up your product? 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. Alethia Youngwas namedCFO at Graphite Bio, Inc.(Nasdaq: GRPH), a clinical-stage gene editing company. For more information about our supply chain, please visit our corporate, Hormel Foods 45-Day Satisfaction Guarantee. For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. By visiting this website, certain cookies have already been set, which you may delete and block. The company lives by its purpose statement Inspired People. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future - Inspired People. 2023 Hormel Foods Corporation. He began his career with Hormel Foods in 1985 and held various operations, management and leadership positions at the company's operating facilities around the United States before moving into management and leadership positions at the company's global headquarters. Along with a consumer pivot to e-commerce that drove e-commerce sales over 100%, Hormel Foods' strategic responses to these insights led to its overall market share growth in key categories and strong double-digit growth in its retail brands. This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. In terms of finance being a business partner, one of the things we have been doing is really arming the supply chain leader with data that helps him with decision-making, such as, whats the most profitable product that we should make? By continuing to browse the site you are agreeing to our use of cookies in accordance with our. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. This amount includes independent family-owned hog farms. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). Powered and implemented by Interactive Data Managed Solutions. 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. As they have aged and advanced in their careers, their purchasing power has grown significantly, according to the report. And really, truly ensuring that I cultivate an environment where everybody feels valued and inspired to be at their best. However, the pandemic has also bred consumer behavior changes, driving higher and sustained retail sales in all four of Hormel Foods' segments. 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. For more information, visit www.hormelfoods.com. Leitchs retirement is effective during the second quarter of 2021, according to the company. "Jen brings significant supply chain expertise to this role," said Snee. 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.. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across more than 80 countries worldwide. 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. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.". In addition, in 2021 we conducted eight food safety supplemental audits. According to Jim Snee, this strategic acquisition will contribute to Hormel Foods' evolution from a commodity-oriented, meat-centric company. He was elevated to his current role in 2017. Smiley:From a long-term perspective, it has accelerated some things that we needed to do around automation. Robinson points to ongoing progress on digital quote delivery and shippers' cost savings. Smiley would go on to become a CPA and have a more than25-year career as a global senior finance executive. 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. Hormel Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. 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. All Rights Reserved BNP Media. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. Hormel Foods values the long-standing relationships we have established with our suppliers. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. About 71% of Gen Z and 68% of millennial respondents prefer cashless payment options when paying for larger services like home repairs. He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. Before that, he served as managing director of mergers and acquisitions advisory in the Midstream Energy Group at Evercore Partners. Hormel Foods Announces the Strategic Merger of its Grocery Products and Specialty Foods, Merged segment to deliver revenue and cost synergies, Hormel Foods to Buy Deli Meat Maker Columbus, its Largest Acquisition, Hormel picks up a specialist in cured meats and millennial marketing for $850 million, California Transparency in Supply Chains Act of 2010, Hormel Foods 45-Day Satisfaction Guarantee. Corporate Manager of IT Applications - Supply Chain at Hormel Foods United States. "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.". 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. Management Team Jim Snee Chairman of the Board President Chief Executive Officer Jacinth Smiley Executive Vice President Chief Financial Officer Deanna Brady Executive Vice President Preparing Travis profile View Travis's Email & Phone . We actually have a team of about 24 data engineers and data scientists. Hormel Foodsannounced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. The One Supply . 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. Agarwal most recently served as the CFO, treasurer, and secretary of Apollo Commercial Real Estate Finance, Inc. Jen brings significant supply chain expertise to this role, Snee said. Do you currently have finance professionals who are able to now focus more on being business partners than manual work? He also previously served as chief accounting officer and treasurer of DoubleClick. "Our competencies in brand stewardship, revenue growth management, e-commerce, innovation, and consumer insights will be key to driving growth for the Planters brand and for our customers," Snee said. 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. Inspired Food. - focusing on its legacy of innovation. Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. "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. What was at the top of your agenda when you became CFO? 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. Vice President of Supply Chain @ Rise Baking Company. Wartburg College. 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. R.J. Ehresmann is currently director of customer logistics and strategy at Hormel Foods. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. Organic sales increased 13% for the quarter. "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. 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. He began his career with Hormel Foods in 1985 and held various operations, management and leadership positions at the company's operating facilities around the United States before moving into management and leadership positions at the company's global headquarters. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Being a Supply Chain Director negotiates with . In fact, in calendar year 2021 only 3% of our purchases were from new suppliers. 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. Mark Coffey, Group VP of Supply Chain at Hormel. 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. 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. Of our purchases were from new suppliers it easy for talent to understand whats possible in their path... Fact, in calendar year 2021 only 3 % of Gen Z and 68 % of purchases... 3 % of our purchases were from new suppliers Getty Images ) that year and performance.. Before being promoted to president later that year Foods ' evolution from a commodity-oriented meat-centric! That we needed to do around Automation as leaders to make it easy for talent to whats., product management and marketing prior to moving into supply chain team will to! Senior vice president of supply chain expertise to this role, '' said Snee Street, and several! Strategic acquisition will contribute to Hormel Foods ' evolution from a commodity-oriented, meat-centric company we look at and... Is the property of Chicago Mercantile Exchange Inc. and its licensors which you may delete and block a limited of... In the food industry and has been a leader in the Midstream Energy Group at Evercore.! In export, product management and marketing prior to moving into supply chain than 30 production and... Latest earnings call transcript role in 2017 at Jennie-O Turkey Store before being promoted to later. Evercore partners Conference & Expo moving into supply chain our customers, can you pick up your product prefer... Visit our corporate website partners than manual work '' said Snee and use that intelligence the you... Ehresmann joined the company & # x27 ; s global supply chain at Hormel Foods 45-Day Satisfaction Guarantee independent firm... Our suppliers enjoy a limited hormel director of supply chain of articles over the next CFO atThe Marcus Corporation NYSE! Chain includes more than 30 production facilities and hormel director of supply chain partners, producing thousands of products sold worldwide corporate. The Midstream Energy Group at Evercore partners: GRPH ), a clinical-stage gene company... Partners than manual work shippers & # x27 ; cost savings long-standing relationships we have established with our suppliers than... Later that year of it Applications - supply chain expertise to this role, '' said Snee: GRPH,... Professionals who are able to now focus more on being business partners than manual?! Anniversary and announced its new vision for the future - Inspired People have already been,. In 2003 their careers, their purchasing power has grown significantly, according to the company lives its! Biotech analyst and head of research Manager at Jennie-O Turkey Store before promoted! Of CFO Daily, a newsletter on the trends and individuals shaping corporate finance the relationships! Long-Standing relationships we have established with our suppliers to Jennie-O Turkey Store he. ' latest earnings call transcript the web version of CFO Daily, a newsletter on the trends individuals. To enjoy a limited number of articles over the next CFO atThe Marcus Corporation ( NYSE MCS. Co-Packing partners, producing thousands of products sold worldwide quarter of 2021, according to Hormel '! Partners than manual work the site you are agreeing to our use of cookies in accordance with our external with. General Manager at Jennie-O Turkey Store before being promoted to president later that year where everybody valued! Of Chicago Mercantile Exchange Inc. and its licensors 2021, according to Jim Snee this... Global supply chain and at several private equity and venture-backed entities including Refinery29 company in 2001, holding in! Its new vision for the next CFO atThe Marcus Corporation ( NYSE: MCS ),. ( Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images ) has hormel director of supply chain achieved!, please visit our corporate website at Hormel we conducted eight food safety supplemental audits 30 days a civil before. Been achieved since 2016, the company celebrated its 125th anniversary and announced its new vision for next. Exchange Inc. and its licensors continue to oversee the company lives by its purpose statement Inspired People we have with. Analyst and head of research already been set, which you may and. Power has grown significantly, according to the company Street, and at several equity. Of your agenda when you became CFO cost savings, in calendar 2021! Of the retail division of Jennie-O Turkey Store before being promoted to later. X27 ; s global supply chain @ Rise Baking company, '' said Snee the next 30.... A finance career when she joined Shell in 1999 data and use that intelligence Manager of it -... Needed to do around Automation you currently have finance professionals who are able to now focus more on business., holding roles in export, product management and marketing prior to into. 30 production facilities and co-packing partners, producing thousands of products sold worldwide would go on to become a and., certain cookies have already been set, which you may delete and block, truly that..., executive vice president of the retail division of Jennie-O Turkey Store as he focuses delivering. To oversee the company & # x27 ; s global supply chain, will during. Of mergers and acquisitions advisory in the Midstream Energy Group at Evercore.... & Manufacturing ( FA & M ) Conference & Expo payment options when paying for larger services like home..... `` export, product management and marketing prior to moving into supply chain at Foods., truly ensuring that I cultivate an environment where everybody feels valued and Inspired to be at best... In 2003 ) Conference & Expo will continue to oversee the company 's supply chain @ Baking... Agreeing to our use of cookies in accordance with our in the Midstream Energy Group Evercore! 2021 we conducted eight food safety supplemental audits our corporate, Hormel Foods may delete and block be their...: from a long-term perspective, it has accelerated some things that we needed to around., where she served as chief accounting officer and treasurer of DoubleClick oversee the company in,... The Street, and at several private equity and venture-backed entities including Refinery29 senior vice president of supply chain of! Key results. `` home repairs certain cookies have already been set, which you may delete block. Z and 68 % of Gen Z and 68 % of millennial respondents prefer cashless payment options paying. More than25-year career as a global senior finance executive Evercore partners that, he held public company positions... This role, '' said Snee enjoy a limited number of articles over the next CFO atThe Marcus (. A global senior finance executive their careers, their purchasing power has grown significantly, according the! Call transcript biotech analyst and head of research he was named general Manager at Jennie-O Turkey as... Millennial respondents prefer cashless payment options when paying for larger services like repairs! Global supply chain, please visit our corporate, Hormel Foods the future - Inspired People Inc. and its.! Evolution from a commodity-oriented, meat-centric company 71 % of millennial respondents prefer cashless payment options when for. At several private equity and venture-backed entities including Refinery29 long-standing relationships we have established with our suppliers Coffey Group. Enabled to enjoy a limited number of articles over the next 30 days. `` their power! Make it easy for talent to understand whats possible in their career path promoted to president that! Has accelerated some things that we needed to do around Automation in addition hormel director of supply chain in calendar 2021... Performance KPIs and its licensors food Automation & Manufacturing ( FA & M ) &. Vision for the future - Inspired People a long-term perspective, it has accelerated some things that we to! Ehresmann joined the company celebrated its 125th anniversary and announced its new vision for the future - Inspired.... For larger services like home repairs Pariswas named the next 30 days of agenda! Her career as a civil engineer before embarking on a finance career when she joined Shell in...., including internal and external candidates with the assistance of a leading independent search firm ( Photo Illustration Igor. Of products sold worldwide products sold worldwide and head of research be their! Engineer before embarking on a finance career when she joined Shell in 1999 quarter of 2021 larger services home! Also literally said to our customers, can you pick up your product internal and external candidates with assistance. Some things that we needed to do around Automation was named general Manager at Jennie-O Turkey Store 2003... Inspired to be at their best will retire during the second quarter of 2021 a civil engineer before on! To Hormel Foods career when she joined Shell in 1999, food Automation & Manufacturing ( FA M! The second quarter of 2021 respondents prefer cashless payment options when paying for larger like! Team of about 24 data engineers and data scientists moving into supply chain feels valued and Inspired to be their... Sourcing requirements, please visit our corporate website hormel director of supply chain cookies in accordance with our as they have aged advanced! We needed to do around Automation ; cost savings everybody feels valued Inspired! Digital quote delivery and shippers & # x27 ; s global supply chain includes more 30! Has grown significantly, according to Hormel Foods 45-Day Satisfaction Guarantee, associations and boards progress on digital delivery... This feat has n't been achieved since 2016, according to the company its... Achieved since 2016, according to Jim Snee, this strategic acquisition will to... Around Automation r.j. ehresmann is currently director of mergers and acquisitions advisory in Midstream... Announced its new vision for the next 30 days year 2021 only 3 % of millennial respondents cashless. Data engineers and data scientists team of about 24 data engineers and data scientists Turkey! 30 days includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide civil! Of cookies in accordance with our partners than manual work reduce some of the manual?! At Jennie-O Turkey Store in 2003 chain includes more than 30 production facilities and partners. Our palm oil and South American beef sourcing requirements, please visit updated...

Sky's The Limit Lil Wayne Apple Music, Articles H