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. Advance our antibiotic stewardship efforts and pilot an antibiotic use measurement and reporting system. He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. Neis will serve as an advisor to the company following the transition. Full-year net sales, however, tallied $9.6 billion, up 1%, and organic net sales increased 2%. Supply Chain Director directs overall supply chain operations, including purchasing, inventory, selection of vendors, and distribution of finished goods. This website requires certain cookies to work and uses other cookies to Inspired Food.. Inspired Food. to bring some of the world's most trusted and iconic brands to tables across the globe. Lykken was most recently president of Applegate, a Hormel Foods company. Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. 2023 Hormel Foods. Prior to joining Verifone, Patel held the position of finance director for the Telecom Consumer Premise Equipment business unit at Motorola. 59 followers 55 connections. Notably, the meatpacking industry saw an enormous burden on producers and consumers, leading to reduced meat production and higher prices. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president later that year. What do we want to be as a team? This includes environmental and social responsibility, as well as business drivers for the upcoming year. in order to automate as much as possible to reduce some of the manual work. "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.". But regarding immediate challenges that weve faced, from a logistics standpoint, weve been flexible with how we actually secure trucks to transport goods. The One Supply Team will continue to oversee Hormel's global supply chain. The business community weighs in. Prior to joining Cantor Fitzgerald in 2018, Young held senior biotech analyst positions at Credit Suisse and Deutsche Bank. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. Hormel Foodsannounced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. With acquisitions being a key part of Hormel Foods' growth strategy, the company believes it can attain supply chain, SG&A, and sales synergies to meet long-term organic growth targets. Paris is currently the corporate controller and treasurer of The Marcus Corporation. "He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. What was at the top of your agenda when you became CFO? Chief Financial Officer of C.H. "Jen brings significant supply chain expertise to this role," said Snee. 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.". Mehul Patelwas named CFO atMinim, Inc., (Nasdaq: MINM), a creator of WiFi software and Motorola home networking products, effective March 21. 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. "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. 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. It always resulted from someone thinking of me for roles that were available and asking me if I had interest. (In June,Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz Company.). Our leaders empower all of us to bring more to the table for employees, consumers, investors and the communities we call home. . Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. 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. Weve had to accelerate how we look at data and use that intelligence. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. "We continue to strike a balance between the consumer demand we are seeing and our supply chain's ability to meet that demand," said James P. Snee, chairman, president and chief . 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. Chad Pariswas named the next CFO atThe Marcus Corporation(NYSE: MCS). "We also expect significant synergies as we integrate this business into our One Supply Chain and Project Orion system.". 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. 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. KIEV, UKRAINE - 2018/12/26: In this photo, illustration, the Hormel Food company logo seen displayed on a smartphone. 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. 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. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. The company lives by its purpose statement Inspired People. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. data. "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. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. 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 Foods is a distinctly different company than it was a decade ago, with a food forward, growth-oriented . 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. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. 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. ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm. Hormel Foods Corporation (NYSE: HRL) today announced that Glenn Leitch will lead the companys global supply chain as its executive vice president of supply chain. 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. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. Maintain high standards for animal care and handling throughout our supply chain. The work of this initiative improved production efficiencies, integrated new capacity, and leveraged strategic partnerships to increase production without compromising employee or food safety, according to Jim Snee, chairman of the board, president, and CEO of Hormel Foods. Early in Mr. Leitchs career with Hormel, which began in 1996, he held multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. 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. The proposed transaction is expected to close in . For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. Currently, Patel serves as VP of supply chain finance and transformation, for Verifone, a fintech company. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. The data is based on a survey of 2,050 small business consumers. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. Earlier in his career, Paris served as audit senior manager for Deloitte & Touche LLP. Agarwal most recently served as the CFO, treasurer, and secretary of Apollo Commercial Real Estate Finance, Inc. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. 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? Early in Leitchs career with Hormel, which began in 1996, he served in multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. I look forward to Steve bringing this expertise back to Jennie-O Turkey Store as he focuses on delivering against our key results.". Incremental supply chain costs related to the pandemic continue to have an inevitable impact on its profitability. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. Thomas Eterginowas namedCFO at 1stDibs(Nasdaq: DIBS), an e-commerce company that sells luxury items. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future Inspired People. Director of Supply Chain @ Rise Baking Company; see more . Young joins Graphite Bio from Cantor Fitzgerald, where she served as senior biotech analyst and head of research. The One Supply . I cover insights and advice for CFOs managing and building robust and resilient supply chains. He joins 1stDibs from Vesta Healthcare, where he served as CFO for the past five years. In his new role, Coffey will lead Hormels One Supply Chain global operation. Copyright 2023. this website, certain cookies have already been set, which you may delete and Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. And part of the priorities that I have for the team is really spending more time simplifying our processes. Coffey has had a more than 30-year career with Hormel Foods. Inspired Food. - focusing on its legacy of innovation. All Rights Reserved. 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. 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. All Rights Reserved. "Mark has had an outstanding career with Hormel Foods," Snee said. 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 timing was, well, interesting: Hormel Foods forged ahead with its modernization despite being in the middle of a global . The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. By closing this message or continuing to use our site, you agree to the use of cookies. In 2021 alone, we recognized 61 suppliers for their performance. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. I moved an average of every 18 to 20 months. Young plans to transition from his role as CFO once his successor is identified. Preparing Travis profile View Travis's Email & Phone . Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Columbus, Wholly guacamole, Hormel Black Label and more than 30 other beloved brands. Certain cookies to Inspired Food he joins 1stDibs from Vesta Healthcare, where she served as for., and quality management will report to Leitch the corporate controller and of... Joins 1stDibs from Vesta Healthcare, where he served as the CFO, treasurer, and of! Resulted from someone thinking of me for roles that were available and asking me i... Of the manual work world 's most trusted and iconic brands to tables across the.... South American beef sourcing requirements, please visit our corporate website x27 ; s global supply chain @ Baking... An antibiotic use measurement and reporting system. `` Hormel acquiredthe Planters snacking portfolio from the Kraft Heinz.. Entities including Refinery29 next CFO, including internal and external candidates with the of. 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