Smucker: Newly Defined Business Areas and Leadership Changes

Orrville / OH. (sc) The J. M. Smucker Company announced the formation of a new strategic business area – Sweet Baked Snacks – and the subsequent Officer election of Dan O’Leary to Senior Vice President and General Manager, Sweet Baked Snacks and Pet, effective immediately. The Company has also announced a series of leadership changes to support the business following the closing of its acquisition of Hostess Brands. The Company has shared an updated strategic business area structure to support the expanded family of brands and to continue to advance its strategy. The new structure includes strategic businesses overseen by Board-elected General Managers, all reporting to John Brase, Chief Operating Officer:

  • Coffee: which will be managed by Rob Ferguson, Senior Vice President and General Manager, Coffee and Procurement. In his new role, Ferguson will lead both the coffee business and the Company’s procurement management across all categories.
  • Frozen Handheld and Spreads (formerly titled Consumer Foods): which will continue to be managed by Rebecca Scheidler, Senior Vice President and General Manager, Frozen Handheld and Spreads.
  • Pet (inclusive the dog snacks and cat food businesses): which will be managed by Dan O’Leary, Senior Vice President and General Manager, Sweet Baked Snacks and Pet.
  • Sweet Baked Snacks: which will also be managed by Dan O’Leary, Senior Vice President and General Manager, Sweet Baked Snacks and Pet.
  • Away From Home and International (inclusive the Company’s Canadian business): which will continue to be managed by Tim Wayne, Senior Vice President, Away From Home and International.

«We are excited to share this updated strategic business area structure and the leaders who will drive the continued momentum of our leading brands in these growing categories,» said Mark Smucker, Chair of the Board, President and Chief Executive Officer. «With this newly created structure, we are better positioned to take advantage of synergies, which will allow us to leverage the best-in-class expertise we have in our organization around innovation, marketing, commercial activation and supply chain management.»

Dan O’Leary assumes the role of Senior Vice President and General Manager, Sweet Baked Snacks and Pet, following his time serving as Chief Growth Officer, Hostess Brands Inc., where he oversaw the full family of brands and drove profitable growth in the competitive snacking market. O’Leary brings more than 20 years of experience across marketing, brand building, innovation, M+A and growth strategy. Before joining Hostess in 2021, O’Leary led Tyson Foods’ retail prepared foods group as Senior Vice President and General Manager and held leadership roles at Kraft Foods and Mizkan America.

Rob Ferguson takes on the role of Senior Vice President and General Manager, Coffee and Procurement, following his leadership of the Company’s pet business since 2020. His leadership has been instrumental in the successful reshape of the pet food and pet snacks business. Ferguson joined the Company in 2015 via the Company’s acquisition of Big Heart Pet Brands, where he held leadership roles in strategy, operations, supply chain and procurement, prior to his election as Smucker Senior Vice President, Supply Chain.

Establishment of Portfolio Management Organization

Following the successful implementation of the Transformation Office over the past year, the Company has established an integrated portfolio management organization, inclusive of Transformation initiatives.

With this decision, the Company will align Strategy, Finance, Transformation and Information Services under the leadership of Tucker Marshall, Chief Financial Officer. This updated alignment will enable the close connection between the Company’s margin-management objectives and its multiple planning processes with short- and long-term horizons. Reporting to Marshall will be Bryan Hutson, Senior Vice President, Information Services, Transformation and Portfolio Operations.

Today, Hutson oversees the Company’s technology strategy for all aspects of the organization and plays a key role in significant portfolio management initiatives. His experience includes more than 20 years of leadership roles in information services, corporate development and supply chain. Hutson’s new role will build upon his current responsibilities to include advancing the Company’s margin enhancement efforts and enterprise-wide continuous improvement strategies to ensure a pipeline of productivity initiatives and profit growth opportunities.

«We will continue to advance the great work that has been done to establish our Transformation vision and structure through this evolved organization, which will enable greater cohesion among leadership across the business,» said Tucker Marshall. «In this next phase of our journey, we will further integrate Transformation with the broader strategy of the Company while continuing to embed the vision across all planning processes. I look forward to supporting our continued progress, which will help us deliver on our commitment to continuous improvement and creating greater organizational flexibility and agility.»

Amy Held, Chief Transformation Officer; Joe Stanziano, Senior Vice President and General Manager, Coffee; Gagnesh Gupta, Senior Vice President, Procurement and Commodities, will transition from the Company, effective February 02, 2024; December 01, 2023; and December 29, 2023, respectively. The Company would like to thank these leaders for their many contributions to the organization and their teams.

The Company will discuss the updated strategic business area structure and leadership changes when it reports its second quarter fiscal 2024 results on December 05, 2023.