Joseph M. Thompson Email and Phone Number
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Transformed procurement and supply chain organizations and delivered outstanding results for four of the world’s most well known companies: BLOOMBERG, AVON, MARS, and CARGILL. Held executive level roles at companies ranging up to $71 billion in revenue, 64 countries and 124,000 employees worldwide. Created maximum business value through setting and communicating a clear strategic vision, building high-performance teams, driving dramatic change in organizational capability and collaborating with key stakeholders and cross-functional partners. STRATEGIC LEADERSHIPCreated the vision, mission and critical success factors for the Sourcing function and developed and implemented an action plan to transform it from a tactical operation into a highly valued strategic partner.VALUE DELIVERY & OPERATIONAL EXCELLENCELeveraged comprehensive sourcing practices to deliver $1B in cost savings, improve working capital by $750M, increase spend under management from 30% to 100% and reduce supplier count by over 50%. TRANSFORMATION & TECHNOLOGY SOLUTIONSDrove people, process and technology changes to convert the Sourcing function from the lowest to highest quartile of external functional benchmarks. Responsible for functional transformation, strategy formation and deployment. Developed and implemented a complete suite of sourcing technologies leading to a vast improvement in productivity, spend visibility and process compliance and control.COMPLIANCE & RISK MANAGEMENTLed all the sourcing related aspects of an extensive compliance and due diligence program culminating in the successful completion of a Deferred Prosecution Agreement with a U.S. government appointed monitor. AS A LEADERCharacterized as a trusted and inspirational leader with high integrity who drives positive change, maximizes potential of individuals and creates high performing teams. Improves organizational speed, builds talented teams and cultivates staff capabilities within a complex business environment.
University Of Connecticut
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- catylex.com
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Chief Procurement OfficerUniversity Of ConnecticutIrvington, Ny, Us
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Independent Consultant And Strategic AdvisorProcurement And Supply Chain Operations Nov 2020 - PresentGreater New York City AreaIndependent consultant and advisor on all Supply Chain functions with a focus on Procurement. Extensive international experience with global companies in the Agricultural Commodity, Food, Pet Care Beauty and Financial sectors and business to business, retail and direct selling channels. Expertise in end to end organizational transformation including people, organization, process and technology and operational excellence.
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Strategic AdvisorCatylex Feb 2021 - PresentContracts define the trading, client and operating relationships of financial companies. With high value at risk and complex content, financial institutions’ interactions with contracts remain manually intensive and expensive. As other areas of finance have increasingly applied new approaches and technology to evolve, progress in this space has remained slow. With decades of legal, operations and senior management experience, the Catylex founders believe they have insight to apply state of the art technology and process innovation to transform companies’ understanding and management of their contracts. -
Leadership CouncilLeaf Logistics Nov 2018 - PresentLeaf Logistics is creating a multi-party network of shippers, carriers, and logistics service providers. Leaf builds technologies for our members to participate in this network and plan, coordinate, and execute their transportation logistics more effectively. Today, the product suite includes the Leaf Adapt platform for shippers to build antifragile transportation plans, Leaf Flex forward contracts that lock in value for shippers and carriers alike, and the Leaf Network, where efficiency scales with multi-party network moves. And we’re just getting started. Join us at leaflogistics.com. -
Chief Procurement OfficerBloomberg Lp Jun 2019 - Oct 2020Greater New York City AreaBloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. -
Independent Consultant And Strategic AdvisorProcurement And Supply Chain Operations Oct 2017 - May 2019Greater New York City AreaIndependent consultant and advisor on all Supply Chain functions with a focus on Procurement. Extensive international experience with global FMCG companies in the Agricultural Commodity, Food, Pet Care and Beauty sectors and business to business, retail and direct selling channels. Expertise in end to end organizational transformation including people, organization, process and technology and operational excellence. Most recent engagement for a private equity firm included due diligence on a target company regarding the robustness of the company's Supply Chain and Procurement practices.
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Group Vice President Global Sourcing (Chief Procurement Officer) And Supply Chain Operations C.O.E.Avon 2011 - Oct 2017Greater New York City AreaReported to the Senior Vice President of Business Transformation and Global Supply Chain and served on the Global Supply Chain Council. Accountable for $6B ($3B direct, $3B indirect) of expenditure in 64 countries. Led a team of 400+ associates. Responsible for global Sourcing and the corporate Centers of Excellence for New Product Development, Planning, Manufacturing and Quality.• Led the development of functional strategies, set annual performance targets and drove sharing of best practices globally for each functional Center of Excellence.• Leveraged competition and supply chain financing to improve working capital by $750M equal to an increase in weighted average payment terms of 50 days.• Aggregated spend and drove simplification efforts to reduce total supplier count from over 70,000 to fewer than 30,000 globally.• Established a comprehensive compliance program, greatly increasing the due diligence required when assessing the supply base leading to significantly reduced corporate risk and successful completion of a Deferred Prosecution Agreement with a U.S. Government appointed monitor. -
Group Vice President Global Sourcing (Chief Procurement Officer)Avon Products, Inc. 2006 - 2011Greater New York City AreaReported to the Senior Vice President of Global Supply Chain and served on the Global Supply Chain Council. Accountable for $6B ($3B direct, $3B indirect) of expenditure in 64 countries. Led a team of 400+ associates in developing and effectively executing global category plans and sourcing strategies to support business objectives. Responsible for functional transformation and strategy development/deployment. Established strategic direction, policies, practices, governance, benchmarks and KPIs for procurement of all external global spend. • Redefined the expectation of the role of the Sourcing function in the business from being a tactical executioner to a strategic partner leading to Sourcing’s involvement in nearly all spend decisions and ensuring maximum value from all external expenditures.• Led a total transformation of the Sourcing function globally including organization redesign, talent overhaul, world class Sourcing process design/rollout and world class Sourcing technology implementation moving the Sourcing function from the lowest quartile to the top quartile of external functional benchmarks.• Demonstrated the value created by following robust sourcing practices and ultimately increased spend under management by the Sourcing function from 30% to nearly 100% globally.• Utilized comprehensive and rigorous sourcing practices throughout the business to deliver direct and indirect cost savings of $100M+ annually.
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Vice President Commercial (Chief Procurement Officer) - Mars Snackfood, Pet Care & Food EuropeMars 2003 - 2006London, United KingdomReported to the President of Masterfoods Europe (MFE) with accountability for $4B of expenditure ($2B Direct, $2B Indirect) for 28 factories in 25 European countries including key markets such as U.K., Germany, France and developing markets such as Eastern Europe, Iberia and Scandinavia and 425 direct and indirect reports. Key member of the management team and one of the principal architects and drivers of the restructuring and turnaround of MFE. Accountable for setting strategic direction, benchmarks and KPIs for the division and the procurement of all raw materials, packaging and indirect goods/services. Responsible for the management of currency exposures exceeding $1B. -
Supply Chain Director - Mars Snackfood, Pet Care & Food EuropeMars 2002 - 2003London, United KingdomReported to the Manufacturing Vice President of Masterfoods Europe which consisted of Mars' Snackfood, Pet Care and Food businesses. Accountability for Demand Planning, Order Processing, Production Planning, Customer Service and Logistics for the 28 factories, 32 external Distribution Centers and 25 countries of MFE and over 800 direct and indirect reports. • Designed and formed a European, cross category supply chain organization supporting the newly formed MFE business including the consolidation and integration of all functions under one organization, leading to an overhead cost reduction of 20%.• Developed the foundations for a demand led, responsive supply chain based on lean principles, leading to the highest Customer Service level in five years. Increased Finished Goods cycle speed by 15% thus improving freshness and supply chain costs significantly.
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Commercial Director (Procurement) - Mars Snackfood EuropeMars 1998 - 2002London, United KingdomReported to the Commercial Vice President (Chief Procurement Officer) of Mars Snackfood Europe. Managed the procurement of all volatile, agricultural commodity related materials with an expenditure of $600M and management of all currency exposures equivalent to $1B. Responsible for Mars’ worldwide cocoa and currency strategies and price risk management, including 25 direct and indirect reports.
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Senior Commercial Manager (Procurement)Mars Petcare Us 1995 - 1998Greater Los Angeles AreaKal Kan Foods was the North American Pet Care Division of Mars with a turnover of $1.5B.North American Dry Raw Materials (1996-1998)North American Wet Raw Materials (1995-1996)
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Commercial Manager (Procurement)Mars Petcare Us 1990 - 1995Greater Los Angeles AreaKal Kan Foods was the North American Pet Care Division of Mars with a turnover of $1.5B.North American Red Meat Materials (1993-1995)North American Commodities (1990-1993)
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Commodities Trading ManagerCargill 1986 - 1990Cargill was an international provider of food, agricultural and risk management products and services with $71B in turnover, operations in 59 countries and 124,000 employees. Senior Trading Manager All Wheat & By Products Northeast Region, Albany, NY (1990)Senior Trading Manager All Wheat & By Products, Minnesota, Mankato, MN (1989-1990)Trading Manager North America Spring Wheat, Minneapolis, MN (1988-1989)Trading Manager Feed Materials Northeast Region, Albany, NY (1987-1988)Trading Trainee Feed Materials Southwest Region, Fort Worth, TX (1986-1987)
Joseph M. Thompson Skills
Joseph M. Thompson Education Details
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Organizational Behavior & Management
Frequently Asked Questions about Joseph M. Thompson
What company does Joseph M. Thompson work for?
Joseph M. Thompson works for University Of Connecticut
What is Joseph M. Thompson's role at the current company?
Joseph M. Thompson's current role is Chief Procurement Officer.
What is Joseph M. Thompson's email address?
Joseph M. Thompson's email address is jo****@****lex.com
What schools did Joseph M. Thompson attend?
Joseph M. Thompson attended Brown University.
What skills is Joseph M. Thompson known for?
Joseph M. Thompson has skills like Strategic Sourcing, Supply Chain Management, Global Sourcing, Procurement, Fmcg, Supply Chain Optimization, Cross Functional Team Leadership, Supply Management, Strategy, Change Management, Cosmetics, Mrp.
Who are Joseph M. Thompson's colleagues?
Joseph M. Thompson's colleagues are Christopher Connor, Mohammed Idris, Robert Grados, Prateek Saxena, Mohit Gupta, Robert Lee, Dhruv Sharma.
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