Hormel assigns Group VP Swen Neufeldt to Singapore with salary $526K

HORMEL FOODS CORP /DE/

Neufeldt remains Group VP, International; assignment begins on/around July 27, 2026.
Annual base salary $526,400 plus cost-of-living adjustment of $56,103, subject to review.
One-time relocation payment $20,000; housing allowance $90,566/yr paid by company.
Shipment allowance up to $25,000 for household goods; repayment required if resigns or terminated for cause within 3 years.
Eligible for short/long-term incentives, executive severance, and other US-based benefits during assignment.

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