J.M. Smucker announces leadership transition
Mark T. Smucker has been President, Consumer and Natural Foods, since April 2015.
Prior to that time, he served as President, U.S. Retail Coffee, since May 2011; President, Special Markets, since August 2008; Vice President, International, since July 2007; Vice President, International and Managing Director, Canada, since May 2006; and Vice President and Managing Director, Canada, since June 2004.
Mark T. Smucker previously served as a member of the Board of Directors of GS1 US, which is a member of GS1, a leading global standards organization. He is the son of Timothy P. Smucker and the nephew of Richard K. Smucker.
He is succeeding Richard K. Smucker, who has served as Chief Executive Officer since 2011 and Co-Chief Executive Officer since 2001.
Richard Smucker will become Executive Chairman of the Board, succeeding current Chairman Timothy P. Smucker, who will transition to the role of Chairman Emeritus and will remain on the Company's Board of Directors as a non-employee Director.
Richard K. Smucker has been Chief Executive Officer since August 2011. He served as Co-Chief Executive Officer from February 2001 through August 2011.
He serves on the Board of Directors of the Grocery Manufacturers Association, Food Marketing Institute, and the Consumer Goods Forum. He is also a member of The Sherwin-Williams Company Board of Directors, and former director and chairman of the Cleveland Federal Reserve Bank.
Timothy P. Smucker has been Chairman of the Board since August 2011 and served as Co-Chief Executive Officer from February 2001 through August 2011. He is a member of the Board of Directors of Hallmark Cards, Incorporated. He is the Chairman Emeritus of the GS1 Management Board, a leading global standards organization. In addition, he serves as a trustee on The Ohio State University Board of Trustees.
Concurrent with these appointments, the Smucker Board of Directors has also promoted Mark R. Belgya and Steven Oakland to the additional management roles of Vice Chair, effective May 1, 2016.
Mr. Belgya, currently Senior Vice President and Chief Financial Officer, will be Vice Chair and Chief Financial Officer, and Mr. Oakland, currently President, Coffee and Foodservice, will be Vice Chair and President, U.S. Food and Beverage.
Mr. Belgya has been Senior Vice President and Chief Financial Officer since October 2009. He was initially appointed Chief Financial Officer in January 2005. He has served in a number of accounting and finance related positions, including Vice President and Treasurer and Corporate Controller. He began his career at Smucker in 1985.
He previously served as a member of the Board of Directors of MOM Brands, a privately held food manufacturer. In addition to his role as Chief Financial Officer, Mr. Belgya will be responsible for strategy, mergers and acquisitions, government and industry affairs, and information services.
Mr. Oakland will be responsible for the Company's U.S. food and beverage businesses, including U.S. retail coffee, U.S. retail consumer foods, foodservice, natural foods, U.S. retail sales, and marketing services.
Mr. Oakland has been President, Coffee and Foodservice, since February 2015. He held various positions including President, International, Foodservice, and Natural Foods; President, U.S. Retail - Smucker's, Jif, and Hungry Jack; Vice President and General Manager, Consumer Oils and Baking; Vice President and General Manager, Foodservice, and General Manager of J.M. Smucker Canada. He began his career at Smucker in 1982. ■