Hormel Foods names Ash Bhumbla CFO, effective Sept. 8; interim CFO Paul Kuehneman steps back

HORMEL FOODS CORP /DE/

Appointed Ash Bhumbla EVP & CFO, effective September 8, 2026; he joins from Tyson Foods where he was SVP & CFO, Chicken segment.
Paul R. Kuehneman's interim CFO role ends Sept. 8; he remains VP, Controller, and Principal Accounting Officer.
Bhumbla receives $700k base salary, 100% bonus target, $2.1M LTI target, $700k cash sign-on, and $1.2M RSU with 3-year vesting.
Sign-on compensation subject to repayment if voluntary termination within 3 years (cash) or 18 months (relocation bonus of $10k).
Offer letter includes participation in company benefit/severance plans and standard restrictive covenants; term at-will.

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