Hormel Foods CEO James P. Snee to retire at end of fiscal 2025; board begins successor search

HORMEL FOODS CORP /DE/

CEO James P. Snee retires at end of FY2025 (Oct 26, 2025) after 36-year career with Hormel.
Board forms search committee; internal and external candidates considered for successor.
Snee will serve as strategic advisor until FY2025 end and as consultant for 18 months thereafter.
Consulting fees total $2M; eligible for pro-rated AIP target of $1.85M and equity awards of $3M.
Fiscal 2025 performance outlook remains unchanged.

item 5.02 item 9.01

Executive movements

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Departed

James P. Snee

President and Chief Executive Officer

HRL · HORMEL FOODS CORP /DE/

Effective: 2025-10-26
Filed: January 14, 2025, 6:59 PM ET

James P. Snee, Chairman of the Board (“Chairman”), President and Chief Executive Officer (“CEO”) of the Company and the Company have agreed that Mr. Snee will retire at the end of the Company’s fiscal year 2025, which ends October 26, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James P. Snee departed as President and Chief Executive Officer at HORMEL FOODS CORP /DE/.

Action: will retire
Role: President and Chief Executive Officer

Exact text from the filing

James P. Snee, Chairman of the Board (“Chairman”), President and Chief Executive Officer (“CEO”) of the Company and the Company have agreed that Mr. Snee will retire at the end of the Company’s fiscal year 2025, which ends October 26, 2025.

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Source: SEC EDGAR

accession 0001104659-25-003241

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