J.M. Smucker has announced a major executive team reorganization, eliminating the chief operating officer role and leading to the departure of president and COO John Brase. Mark Smucker, chairman and CEO, will reassume the president’s title. The company also created new executive positions and expanded responsibilities for Tucker Marshall (CFO and EVP), Rob Ferguson (Chief Product Supply Officer and EVP), and Jill Penrose (Chief People and Administrative Officer and Chief of Staff), with some analysts viewing these changes as potential CEO succession planning.
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J.M. Smucker reorganizes executive team
J.M. Smucker has announced a major executive team reorganization, eliminating the chief operating officer role and leading to the departure of president and COO John Brase. Mark Smucker, chairman and CEO, will reassume the president’s title. The company also created new executive positions and expanded responsibilities for Tucker Marshall (CFO and EVP), Rob Ferguson (Chief Product Supply Officer and EVP), and Jill Penrose (Chief People and Administrative Officer and Chief of Staff), with some analysts viewing these changes as potential CEO succession planning.