June 16, 2022 Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. 2023 Hormel Foods Corporation. Steve Lykken to Lead Jennie-O Turkey Store. The companys supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. "His expertise in procurement, manufacturing, logistics, research and development, quality management and plant operations makes him the ideal person to assume this important role. Leitch is well known in the food industry and has been involved in numerous organizations, associations and boards during his time with the company. 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. Leitch is currently group vice president, Hormel Foods and president, Jennie-O Turkey Store. The company released its first quarter . Steve Lykken to Lead Jennie-O Turkey Store. "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 held his current position since 2017. 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. 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. 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. Previously, he held public company CFO positions at AtriCure and The Street, and at several private equity and venture-backed entities including Refinery29. 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 thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.". Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justins, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. Glenns expertise will be invaluable as we find ways to be more strategic, cost-effective and agile in preparing to meet the needs of todays changing marketplace.. 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. All Rights Reserved. The following interview has been condensed and lightly edited for clarity. 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 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. For more information on each of these leaders, visit www.hormelfoods.com. You mentioned the importance of data. 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. Do you currently have finance professionals who are able to now focus more on being business partners than manual work? 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. We have established supplier quality management (SQM), which evaluates our suppliers based on quality, delivery, service, technology and price. "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.". In his new role, Coffey will lead Hormels One Supply Chain global operation. "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, 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. 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. A new study by Thryv Holdings, Inc. (Nasdaq: THRY) and Payments Dive found younger consumers are driving the trend of digital payments. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide. 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. Shes the companys second female CFO. "He is a proven leader with expertise that encompasses all facets of the turkey business from supply chain to sales and marketing. REUTERS/Brendan McDermid. She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. If appropriate corrective actions cannot be agreed to or are not made, Hormel Foods will suspend or discontinue purchases from the supplier. This includes environmental and social responsibility, as well as business drivers for the upcoming year. Wartburg College. This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. We will report additional information about this initiative in future reports. Smiley officially began as finance chief in January, succeeding Jim Sheehan, who retired from Hormel at the end of 2021. Jen brings significant supply chain expertise to this role, Mr. Snee said. Our leaders empower all of us to bring more to the table for employees, consumers, investors and the communities we call home. 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. FORTUNE may receive compensation for some links to products and services on this website. And part of the priorities that I have for the team is really spending more time simplifying our processes. 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. 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. Hormel Foods Corporation is an equal opportunity employer. Neis will serve as an advisor to the company following the transition. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. 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. 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.". She previously held the role of senior vice president of commodity and supply chain with Jennie-O Turkey Store. block. 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. Additionally, Hormel Foods is also expanding with itsacquisition of Planters, which is expected to close in Q2 2021, subject to regulatory review and approval. "Jen brings significant supply chain expertise to this role," said Snee. Lykken was most recently president of Applegate, a Hormel Foods company. In 2011, he was named general manager at Jennie-O Turkey Store before being promoted to president that same year. Design, CMS, Hosting & Web Development :: ePublishing. Organic net sales were down 4% for the quarter. 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. The One Supply Team will continue to oversee Hormel's global supply chain. Completed initiatives have unlocked capacity and given the company the opportunity to fully meet demand. We were the ones delivering the goods to them. I had an accounting teacher, and she was just amazing, Smiley told me. Hormel Foods Surprises Community Nonprofits . About 71% of Gen Z and 68% of millennial respondents prefer cashless payment options when paying for larger services like home repairs. Were inspired by big ideas and small egos. The proposed transaction is expected to close in . Early in Leitchs career with Hormel, which began in 1996, he served in multiple leadership positions with its turkey subsidiary, Jennie-O Turkey Store. The company lives by its purpose statement Inspired People. Currently, Patel serves as VP of supply chain finance and transformation, for Verifone, a fintech company. I want to help manage your career. He became my sponsor through my entire 20 years there, and he is a white man. The move is part of the companys plan to make its supply chain a strategic competitive advantage, while optimizing it to deliver sustainable long-term growth. Coffey is now working as senior vice president of supply chain and manufacturing and Ehresmanns current role is director of customer logistics and strategy. 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. He was elevated to his current role in 2017. Image source: gojak/iStock/Getty Images. 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. Suppliers that exceed our established standards are eligible for our annual Hormel Foods Spirit of Excellence Awards. Hormel's Glenn Leitch, SVP, Supply Chain, is retiring from the company in Q2 this year. 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. 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. 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. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments - Retail, Foodservice and International. 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. Prior to this role, Bauer worked in the Investment Banking Divisions at CITI and Lehman Brothers. The company released its first quarter of fiscal 2022earnings reporton Tuesday. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. We thank him for his leadership and his expertise and wish him the very best in his well-deserved retirement.. 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. Prior to joining the company, he served as SVP and CFO at Jason Group, Inc. Report this profile . Many companies were forced to make necessary shifts to their operations to accommodate sudden production challenges stemming from Covid-19 disruptions. Its brands include Skippy, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly Guacamole, Hormel Black Label and more than 30 other beloved brands. We use cookies to provide you with a better experience. "Mark has had an outstanding career with Hormel Foods," Snee said. 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. Lykken began his career at Hormel Foods in 1992 in the Grocery Products segment, later leading trade management and marketing for Hormel Foods. We report our internal results through a third party for our customers. Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. As women, we sometimes think we need to be able to check off all the boxes. We made a commitment to source only sustainable palm oil that is fully traceable to the plantation level by the end of 2025. Rising supply chain costs a key concern for C.P.G. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Wholly, Hormel Black Label, Columbus and more than 30 other beloved brands. Inspired Food. focusing on its legacy of innovation. 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. Its brands include SKIPPY, SPAM, HormelNatural Choice, Applegate, Justin's, Wholly, HormelBlack Label, Columbus and more than 30 other beloved brands. 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 . "Glenn's 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 today's changing marketplace," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. 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. Ensuring sustainable and ethical practices, The Path to a Regenerative Farming Revolution, Sustainable meat is not just our future, its here now. If suppliers are found to be noncompliant, appropriate action is taken up to and including termination. "Hormel Foods is a distinctly different company than it was a decade ago, with a food forward, growth-oriented . Offers may be subject to change without notice. All Rights Reserved BNP Media. 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. He was elevated to his current role in 2017. 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. 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