Mehul Patelwas named CFO atMinim, Inc., (Nasdaq: MINM), a creator of WiFi software and Motorola home networking products, effective March 21. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. He also served as a private equity professional at Avista Capital Partners. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries 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. This includes executing the companys strategy and optimizing it to ensure sustainable growth into the future. The One Supply . He became senior vice president of the retail division of Jennie-O Turkey Store in 2003. 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.. At Hormel Foods, our multifaceted supply chain includes suppliers of hogs, turkeys, ingredients, packaging materials and transportation. The following interview has been condensed and lightly edited for clarity. Sign up to get it delivered free to your inbox. What do we want to be as a team? I had never done integration. 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. We report our internal results through a third party for our customers. 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. 59 followers 55 connections. Scaringe, the founder of Amazon-backed EV startup Rivian, admitted in an open letter on Thursday, after online outrage resulting in a double-digit decline in its shares on Wednesday, that he lost fans trust by increasing the prices of his two models without warning, as reported by Fortune. Incremental supply chain costs related to the pandemic continue to have an inevitable impact on its profitability. 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. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Inspired Food.. 63 publicly owned consumer goods company, and the changes go into effect Oct. 31, which is the beginning of the company's fiscal year. We use cookies to provide you with a better experience. Notably, the company will align pork procurement and all plant operations for both Refrigerated Foods and Grocery Products into the newly created group. Steve Lykken to Lead Jennie-O Turkey Store. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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? 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. Jen Ehresmann, Hormel's VP of Supply Chain. ABOUT HORMEL FOODS Inspired People. This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. 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. 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. All Rights Reserved. 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. 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. "Jen brings significant supply chain expertise to this role," said Snee. 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. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. Weve actually gone to towns and bused people from where they are living to the plant. However, Hormel Foods Corporation, a leading global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide, is among many companies that made strategic shifts to meet consumer preferences and maintain their competitive edge. June 16, 2022 Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. 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. 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. Powered and implemented by Interactive Data Managed Solutions. All Rights Reserved. An example of taking on a new role was leaving Albany, N.Y., where I was the CFO for licensing. 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. Bauer most recently served as EVP and CFO at Nuverra Environmental Solutions (NYSE: NES). 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. And actually part of the organization structure that Im getting ready to announce soon bifurcates the roles and responsibilities. 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.. Shared services type areas like AR, AP, payroll are ripe for automation and simplification and that will be a focus also help to facilitate the shift. He was promoted to his current position in 2017. He was elevated to his current role in 2017. By visiting 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. AUSTIN, Minn., Nov. 21, 2017 /PRNewswire/ --Hormel Foods Corporation (NYSE: HRL) today announced that Glenn Leitch will lead the company's global supply chain as its executive vice president of supply chain. We also meet with our top suppliers annually to evaluate their initiatives and review service metrics along with diverse business spend and sustainability. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. 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. 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. Before that, he served as managing director of mergers and acquisitions advisory in the Midstream Energy Group at Evercore Partners. 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. 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. Sinead Gormanwasnamed the next CFOat Shell plc, effective April 1. 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. Our leaders empower all of us to bring more to the table for employees, consumers, investors and the communities we call home. Leitch's career spans more than 35 years in the food and commodity industries and at Hormel Foods, where he has held leadership positions for the company and its Jennie-O Turkey Store subsidiary. Smiley:Yes, absolutely. The company also announced that Steve Lykken has been named senior vice president, Hormel Foods and president, Jennie-O Turkey Store. 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. Inspired Food. to bring some of the world's most trusted and iconic brands to tables across the globe. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. Hormel Address Bridgewater, NJ 08807 USA Industry Business View all jobs at Hormel 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. We were the ones delivering the goods to them. We do have customers with the ability to pick up their goods, but they werent. Jody Feragen, the first, retired in 2016. All Rights Reserved. Jen brings significant supply chain expertise to this role, Snee said. 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. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Weve had to accelerate how we look at data and use that intelligence. The data is based on a survey of 2,050 small business consumers. 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. Jen brings significant supply chain expertise to this role, Mr. Snee said. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. Neis will serve as an advisor to the company following the transition. Opinions expressed by Forbes Contributors are their own. 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. 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. 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.". Terms & Conditions. 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. I moved an average of every 18 to 20 months. Inspired Food.. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly, Hormel Black Label, Columbus and more than 30 other beloved brands. 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. All Rights Reserved. How has the company handled supply chain challenges? "Hormel Foods is a distinctly different company than it was a decade ago, with a food forward, growth-oriented . In 2016, the company celebrated its 125th anniversary and announced its new vision for the future - Inspired People. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. Wartburg College. This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. When I came to the U.S. in 1987, I was already set on going to a university and studying accounting.. Formulations of classic options make their debut at the California trade show. 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. In 2016, the company also announced that Steve Lykken has been named vice. Have customers with the ability to pick up their goods, but they werent leader with that. 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