Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. Preparing Travis profile View Travis's Email & Phone . I can tell you, I never, in my 20 years at GE, truly interviewed for one job. Early in Mr. Leitchs career with Hormel, which began in 1996, he held multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. 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 . Early in Leitchs career with Hormel, which began in 1996, he served in multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. 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. 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. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. The company released its first quarter of fiscal 2022earnings reporton Tuesday. Any advice for women on the road to the C-suite? 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 . Jen brings significant supply chain expertise to this role, Mr. Snee said. 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. Our management team fosters an environment where careers flourish and innovative ideas come to life. 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. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $271,333 to $440,723 with the average total cash compensation . Neis will serve as an advisor to the company following the transition. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. "He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. ***Please take a few minutes to complete this short CFO Daily survey. Young plans to transition from his role as CFO once his successor is identified. 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. Paris is currently the corporate controller and treasurer of The Marcus Corporation. And really, truly ensuring that I cultivate an environment where everybody feels valued and inspired to be at their best. Hormel Foods went live with Oracle Fusion Cloud HCM in January 2020 and Fusion Cloud ERP in June, as well as Oracle Fusion Cloud EPM. 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. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Our Board of Directors is critical to the growth and development of our employees, our consistent returns to shareholders and the long-term success of the 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. Since then, she has held several increasingly senior finance roles in all Shells major businesses, in Europe, North America and latterly globally. The company also invested $368 million into capital projects. 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.. With over$1.1 billionin cash generated from operations in 2020, the Fortune 500 company made several strategic decisions and engaged in M&A activities, which helped return $487 million in dividends to its shareholders. 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 look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.". Coffey is now working as senior vice president of supply chain and manufacturing and Ehresmanns current role is director of customer logistics and strategy. If appropriate corrective actions cannot be agreed to or are not made, Hormel Foods will suspend or discontinue purchases from the supplier. His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. An example of taking on a new role was leaving Albany, N.Y., where I was the CFO for licensing. Its our role as leaders to make it easy for talent to understand whats possible in their career path. 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. 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. He also served as a private equity professional at Avista Capital Partners. 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. "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. Since the onset of the global pandemic last March, supply chains became unarmored against the unprecedented effects of fluctuating demand. "Mark has had an outstanding career with Hormel Foods," Snee said. He was even a reference for me for my job at Hormel. 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. Rising supply chain costs a key concern for C.P.G. In 2021 alone, we recognized 61 suppliers for their performance. 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.. About Hormel . to bring some of the world's most trusted and iconic brands to tables across the globe. Solidifies Companys Plans to Modernize and Optimize Global Supply Chain. Director of Supply Chain @ Rise Baking Company; see more . REUTERS/Brendan McDermid. As they have aged and advanced in their careers, their purchasing power has grown significantly, according to the report. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. "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. Hormel Foods is the No. All Rights Reserved. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Third, establishing our vision. Were inspired by big ideas and small egos. 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. FORTUNE may receive compensation for some links to products and services on this website. 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. 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. 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. Coffey has had a more than 30-year career with Hormel Foods. 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. "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. 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. 2023 Hormel Foods Corporation. Robinson (CHR) recently heralded significant progress it has made its delivery of digital quotes, for both over the past year and also the first . Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. The following interview has been condensed and lightly edited for clarity. Design, CMS, Hosting & Web Development :: ePublishing. 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. 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. (Reuters) - Spam-maker Hormel Foods Corp on Tuesday warned that it would have a hard time meeting high demand for certain products because of supply chain, staffing and . 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. During his 18 years at Motorola, he was a part of six acquisitions and saw the companys name change from Motorola Home to Motorola Mobility, a Google Company, to ARRIS and in 2019 to CommScope. By visiting Thomas Eterginowas namedCFO at 1stDibs(Nasdaq: DIBS), an e-commerce company that sells luxury items. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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. He was elevated to his current role in 2017. In partnership, we deliver quality products and add value to society. Inspired Food. and cookie policy to learn more about the cookies we use and how we use your This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. I had never done integration. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. For their performance he also served as senior vice president, Hormel Foods will suspend or discontinue purchases the... Senior vice president, Hormel Foods and president, Hormel Foods the site are... Receive compensation for some links to products and services on this website have aged and advanced in careers... And really, truly ensuring that I cultivate an environment where everybody feels valued and inspired to at... '' Snee said from the supplier on the road to the C-suite environment where feels. 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