The J. M. Smucker Company Announces Executive Leadership Changes
January 25, 2018 at 02:40 am IST
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The J. M. Smucker Company announced plans for the June 29, 2018, retirement of Steven Oakland, Vice Chair and President, U.S. Food and Beverage, and executive changes that will bring new leadership to the Company's U.S. Coffee, Consumer Foods, and Strategy and M&A function. Joseph Stanziano will assume the role of Senior Vice President and General Manager, Coffee, effective February 1, 2018. Mr. Stanziano is currently a corporate officer, a member of the company's Executive Leadership Team and the Senior Vice President and General Manager, Consumer Foods. Tina Floyd has been elected a corporate officer and will assume the role of Senior Vice President and General Manager, Consumer Foods, effective February 1, 2018. In this role, Ms. Floyd will be responsible for the Consumer and Natural Foods Strategic Business Areas. She will also join the Company's Executive Leadership Team. Ms. Floyd is currently Vice President and General Manager, Away From Home. Amy Held has been elected a corporate officer and will assume the role of Senior Vice President, Strategy and M&A, effective May 1, 2018. She will also join the Company's Executive Leadership Team. Ms. Held is currently Vice President, Corporate Strategy and Business Development, and has been with the Company for five years. Prior to joining Smucker, Ms. Held was a Managing Principal at Towers Watson (now Willis Towers Watson) and a Certified Public Accountant with Coopers Lybrand (now Pricewaterhouse Coopers) and Grant Thornton. Effective May 1, 2018, Mr. Stanziano, Ms. Floyd, and Ms. Held will report directly to Mark Smucker. Until then, Mr. Stanziano and Ms. Floyd will report to Mr. Oakland, and Ms. Held will report to Mark Belgya, Vice Chair and Chief Financial Officer.
The JM Smucker Company specializes in producing and selling food and animal nutrition products. Net sales break down by activity as follows:
- sale of coffee and food products (52.7%): coffee (Folgers® brands, Dunkin' Donuts® and Café Bustelo® brands) peanut butter, jams and jellies, oils, condensed milk, ready-to-use frostings and glazes, flour and baking ingredients, cookies, frozen potatoes, juices and beverages, dessert toppings, syrups, pickles, condiments, etc. (Smucker's®, Jif®, and Uncrustables® brands, etc.);
- sale of animal food products (35.5%): Rachael Ray Nutrish, Meow Mix ®, Milk-Bone®, Kibbles'n Bits®, 9Lives®, Nature's Recipe® and Pup-Peroni® brands;
- other (11.8%).
93.1% of net sales are from the United States.
THE JM SMUCKER COMPANY 
