He succeeds 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.
“As an organization highly focused on talent development and operating with a long-term perspective, Mark’s appointment reflects the board’s thoughtful approach to succession planning,” said Gary A. Oatey, chairman of the board of director’s nominating and corporate governance committee. “Mark has consistently demonstrated that he is a visionary leader, an innovator, and a steward of the company’s unique culture. Mark has held senior positions in nearly all major businesses within the organization and has played an important role with acquisitions and business integrations over the past 18 years. The board believes he is the right executive to lead Smucker in the years ahead.”
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. Belgya, currently senior vice president and chief financial officer, will be vice chair and chief financial officer. Oakland, currently president, coffee and foodservice, will be vice chair and president, U.S. food and beverage. In addition to his role as chief financial officer, Belgya will be responsible for strategy, mergers and acquisitions, government and industry affairs, and information services. 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.
J.M. Smucker has announced that its board of directors has implemented a leadership transition plan that leverages the capabilities of the executive team, provides continuity in management, and underscores the company’s commitment to focusing on long-term growth and industry leadership. Effective May 1, 2016, Mark T. Smucker, president, consumer and natural foods, member of the company’ board of directors, and fifth generation of the company’s founding family, has been appointed president and chief executive officer.