Todd Pannek Email & Phone Number

Minneapolis, Minnesota, Us

Leading efforts to stabilize raw material supply in North America through improved forecast visibility and greater focus on volume commitments with suppliers.

Minneapolis, Minnesota, Us

Responsible for delivering Sourcing annual plan to North America Retail and Convenience & Foodservice businesses in North America. Scope includes $4B of annual raw material spend and 5% annual productivity target. • Achieved or exceeded annual productivity targets, including record level in 2019• Delivered actual raw material costs within .01% of overall raw material plan each year.• Led Sourcing due diligence on Blue Buffalo acquisition in 2018• Received Champion’s Award for role in ensuring raw materials to support unprecedented growth in 2020• Implemented supplier-driven line extension capabilities in conjunction with R&D

Minneapolis, Minnesota, Us

Responsible for over $1B in annual spend across indirect categories including IT, HR Benefits, professional services, and travel. • Co-led (with Corporate Finance) an enterprise initiative called SSM (Strategic Spend Management) which reduced corporate SG&A by over $400M in total over three years• Developed and implemented corporate controls and policies to reduce indirect spending globally through behavioral changes• Initiated and implemented global indirect category strategies for travel, professional services, contingent labor and HR benefits in partnership with key internal stakeholders

Minneapolis, Minnesota, Us

Responsible for $500M of annual spend on resin and metal-based packaging. • Led successful negotiations on long term supply agreements with 5 suppliers each with at least $50MM in annual spend • Delivered annual plan and productivity targets

Minneapolis, Minnesota, Us

Responsible for $500M annual spend on dairy, meat and eggs in North America. Led Sourcing due diligence on Yoplait France acquisition in 2011. Accountable for setting global dairy strategy in conjunction with regional sourcing leaders. • Implemented global risk management tools for dairy supply • Led Sourcing due diligence on Yoplait France acquisition• Drove supply agreement negotiations with largest suppliers, including a record productivity gain with the largest meat supplier in North America

Minneapolis, Minnesota, Us

Led a team of seven Sourcing Buyers and Managers. Responsible for $500M in annual capital spend and $300M on annual MRO (maintenance, repair, and operations supplies). Established capital & MRO spend management tool to ensure consistent application of Sourcing guidelines for capital spend across 27 manufacturing plants. Drove record levels of capital avoidance and MRO productivity.

Minneapolis, Minnesota, Us

Led a team of six Sourcing Buyers and Managers. Responsible for $600M in annual value-added ingredients spend. Received Champions Award for developing diverse supplier relationship for critical ingredient enabling double digit growth in Nature Valley snack bar portfolio.

Minneapolis, Minnesota, Us

Responsible for $200M spend on key value-added ingredients going into RTE cereals and snacks. Consistently delivered on annual plan rates and productivity targets. Successfully negotiated long-term contract for key ingredient that was supplied by an RTE cereal competitor.

Lexington, Kentucky, Us

Minneapolis, Mn, Us

Responsible for building technical platform to support the business model on time and on budget. Reported to CTO and CFO. Led a team of 10 developers, database analysts, and digital encryption experts. Delivered the technology solution on time and on budget, including working virtually with San Francisco-based web design firm.

New York, Ny, Us

Led projects focused on improving Supply Chain performance with companies in the Consumer Packaged Goods sector.

Minneapolis, Minnesota, Us

Senior Buyer – Ingredients 1994 - 1995Systems Analyst – Procurement / Sourcing 1991 - 1994Programmer I/II – Information Systems 1989 - 1991