Steve Lykken to Lead Jennie-O Turkey Store. Image source: gojak/iStock/Getty Images. Smiley:I was fortunate enough to have really good mentors and more importantly, sponsors who advocated for me in different roles at GE. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Im willing to make the bet and put you in this role because I think you can be successful. And I think that speaks to a very strong leader. He was even a reference for me for my job at Hormel. Robinson Worldwide, Inc. 2023 Hormel Foods Corporation. Our leaders empower all of us to bring more to the table for employees, consumers, investors and the communities we call home. block. Lykken became president of Applegate in 2016 after being appointed chief operating officer in August 2015. The Jennie-O supply chain has largely been run separately from the rest of the company's supply chain at Hormel Foods as it is vertically integrated. I recently talked with Smiley, who also oversees IT, about her first task as CFO, navigating supply chain issues, and mentoring. The company released its first quarter . Etergino will succeed Tu Nguyen, who will be taking on a new role outside of the company. in order to automate as much as possible to reduce some of the manual work. He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. Organic sales increased 13% for the quarter. We use cookies to provide you with a better experience. 2023 Hormel Foods. Additionally, Jen Ehresmann was named to vice president of supply chain. The move is part of the company's plan to make its supply chain a strategic competitive . Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. The company also invested $368 million into capital projects. We actually have a team of about 24 data engineers and data scientists. These generations are also spending at greater rates. Additionally, Hormel Foods is also expanding with itsacquisition of Planters, which is expected to close in Q2 2021, subject to regulatory review and approval. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo. REUTERS/Brendan McDermid. and cookie policy to learn more about the cookies we use and how we use your Suppliers that exceed our established standards are eligible for our annual Hormel Foods Spirit of Excellence Awards. We do have customers with the ability to pick up their goods, but they werent. "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 . Hormel Foods values the long-standing relationships we have established with our suppliers. For more information, visit www.hormelfoods.com. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. 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. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. 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. 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. Hormel Foods Corp., Austin, Minn. Glenn Leitch was appointed executive vice president of supply chain, responsible for managing procurement, manufacturing, logistics, research and development and quality management. He joined Jennie-O Turkey Store in 1996 and was promoted to senior vice president of the commodity and supply division in 2001. Before that, he served as managing director of mergers and acquisitions advisory in the Midstream Energy Group at Evercore Partners. ABOUT HORMEL FOODS - Inspired People. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. 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. 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.. Notably, the meatpacking industry saw an enormous burden on producers and consumers, leading to reduced meat production and higher prices. Wartburg College. Leitch has been a leader in the food industry and has been involved in numerous organizations, associations and boards. 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. Mr. Leitchs retirement is effective during the second quarter of 2021, according to the company. Neis will serve as an advisor to the company following the transition. 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. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. All Rights Reserved. Inspired Food. - focusing on its legacy of innovation. executives, Hormel Foods smoothing out supply chain constraints, Food Entrepreneur Experience The Future of Functional, Trends & Innovations: The promise of precision fermentation, BBU debuts Entenmanns ice cream sandwiches, Former Walmart buyers launch frozen food startup. Opinions expressed by Forbes Contributors are their own. However, Hormel Foods' demonstrated ability to price their categories after implementing a price increase led to a 7% sales increase and a 4% volume increase across the SPAM, SKIPPY, Hormel Compleats, and Herdez brands. She started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999. Mark Coffey, currently senior vice president of supply chain and manufacturing for Hormel Foods, will advance to group vice president of supply chain and will lead the company's global supply chain. I am truly sorry and committed to rebuilding your trust.". Smiley would go on to become a CPA and have a more than25-year career as a global senior finance executive. Ehresmann joined the company in 2001, holding roles in export, product management and marketing prior to moving into supply chain. Are you investing in technology for the finance function? This feat hasn't been achieved since 2016, according to Hormel Foods' latest earnings call transcript. Mark Coffey, currently senior vice president of supply chain and manufacturing for Hormel Foods, will advance to group vice president of supply chain and will lead the company's global supply chain. As part of our commitment to supply chain sustainability management, we require all ingredient suppliers to have third-party food safety audits. KIEV, UKRAINE - 2018/12/26: In this photo, illustration, the Hormel Food company logo seen displayed on a smartphone. Despite absorbing$80 million - $100 millionin supply chain disruption costs in 2020 due to several of its plant facilities' closures, the company continued to flourish through its One Supply Chain initiative. Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. In calendar year 2021, our purchasing spend with small and diverse businesses was $1.3 billion. ***Please take a few minutes to complete this short CFO Daily survey. And part of the priorities that I have for the team is really spending more time simplifying our processes. By visiting this website, certain cookies have already been set, which you may delete and block. In addition, we work closely with our palm oil and South American beef suppliers to ensure they comply with these principles as well as additional requirements we have outlined. Visit our privacy All Rights Reserved. In addition, in 2021 we conducted eight food safety supplemental audits. 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. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. 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. 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. For more information about our palm oil and South American beef sourcing requirements, please visit our corporate website. Design, CMS, Hosting & Web Development :: ePublishing. 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. In fact, in calendar year 2021 only 3% of our purchases were from new suppliers. "Jen brings significant supply chain expertise to this role," said Snee. "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. Preparing Travis profile View Travis's Email & Phone . And, are we aligned appropriately to drive the strategic priorities for the company? The proposed transaction is expected to close in . Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. "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. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. Jen Ehresmann, Hormel's VP of Supply Chain. By closing this message or continuing to use our site, you agree to the use of cookies. This amount includes independent family-owned hog farms. Hormel Foods procurement, manufacturing, logistics, research and development, and quality management will report to Leitch. What do we want to be as a team? to bring some of the world's most trusted and iconic brands to tables across the globe. 2023 Hormel Foods Corporation. 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