The J. M. Smucker Co. has announced an evolution of its executive leadership structure and team reporting to Mark Smucker, president and CEO. The new executive leadership structure, effective Nov. 25, 2019, is designed to sharpen the company’s focus on strategic initiatives, enhance accountability for business delivery, streamline decision making, and enable greater agility to ensure delivery of strategic and financial priorities.
The company has announced the establishment of a chief operating officer role and commenced a search process, inclusive of external candidates. This position will provide strategic and operational oversight of the company’s U.S. Pet Food and Pet Snacks, Coffee, Consumer Foods, and North American Away-From-Home businesses, as well as its Operations and Supply Chain functions.
The company also announced that Mark Belgya, vice chair and CFO, will retire Sept. 1, 2020, and Tucker Marshall, vice president of finance, will succeed Belgya as CFO following the completion of the current fiscal year on May 1, 2020.
The new leadership structure is, as follows:
As part of these executive leadership changes, Dave Lemmon, president, Pet Food and Pet Snacks, and Kevin Jackson, senior vice president, U.S. Retail Sales and Away-From-Home, are no longer in leadership roles and will officially be exiting the company in early December. The company has initiated a search process for both roles, inclusive of external candidates. The Pet Food and Pet Snacks business will be led on an interim basis by Rob Ferguson, senior vice president, Pet Food and Pet Snacks (Interim) and Supply Chain.
“This planned evolution of our leadership structure is an important step to ensure we are positioned to meet and exceed the needs of today and tomorrow’s retailers and consumers,” said Smucker. “The board of directors and I are confident the changes we are making will strengthen our company and ensure each of our 7,591 talented employees are empowered and focused on delivering our strategy, which creates value for our shareholders and all constituents.”
Royal DSM has announced that after 20 years on the managing board and almost 13 years as CEO, Feike Sijbesma has decided to step down as CEO and hand over the company’s leadership, as he seeks to pursue other business and personal roles.
Reily Foods has appointed William B. Reily IV president and CEO. The 117-year-old company was founded by Reily’s great-grandfather in 1902, and today manufactures and markets consumer packaged food products including heritage brands and private label products for wholesalers and retailers.
Royal DSM has reached agreement with the shareholders of specialty dairy solutions provider Koninklijke CSK Food Enrichment C.V. (CSK) for the acquisition of a 100% interest in the company for a cash consideration of about €150 million.