Hormel Foods appoints Jeffrey M. Ettinger as Interim CEO, John F. Ghingo as President from July 14, 2025

HORMEL FOODS CORP /DE/

Jeffrey M. Ettinger, former CEO (2006-2016), returns as Interim CEO until Oct 25, 2026; base salary $1.2M, one-time equity grant $7.2M.
John F. Ghingo appointed President and Board member; base salary $730k, annual LTIP target $3.2M, 100k operators' shares.
James P. Snee retires as CEO after FY2025 (Oct 26, 2025); will serve as special advisor until then, then 18-month consulting agreement.
Ettinger and Ghingo employment agreements include severance provisions; Ghingo's good reason includes failure to report directly to Board by Dec 31, 2026.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John F. Ghingo

President

HRL · HORMEL FOODS CORP /DE/

Effective: 2025-07-14
Filed: Jun 23, 2025 23:59 UTC

the Board has appointed Mr. Jeffrey M. Ettinger as the Interim Chief Executive Officer of the Company (the 'Interim CEO') and Mr. John F. Ghingo as the President of the Company (the 'President'), in each case effective as of July 14, 2025.

Departed

James P. Snee

President

HRL · HORMEL FOODS CORP /DE/

Effective: 2025-10-26
Successor: John F. Ghingo
Filed: Jun 23, 2025 23:59 UTC

James P. Snee, President and Chief Executive Officer ('CEO') of the Company will be retiring at the end of the Company's fiscal year 2025, which ends October 26, 2025.

Appointed

John F. Ghingo

member of the Board

HRL · HORMEL FOODS CORP /DE/

Effective: 2025-07-14
Filed: Jun 23, 2025 23:59 UTC

The Board has also appointed Mr. Ghingo as a member of the Board, effective as of July 14, 2025.

Appointed (interim)

Jeffrey M. Ettinger

Interim Chief Executive Officer

HRL · HORMEL FOODS CORP /DE/

Effective: 2025-07-14
Filed: Jun 23, 2025 23:59 UTC

the Board has appointed Mr. Jeffrey M. Ettinger as the Interim Chief Executive Officer of the Company (the 'Interim CEO') and Mr. John F. Ghingo as the President of the Company (the 'President'), in each case effective as of July 14, 2025.

Departed

James P. Snee

President and Chief Executive Officer

HRL · HORMEL FOODS CORP /DE/

Effective: 2025-10-26
Successor: Jeffrey M. Ettinger
Filed: Jun 23, 2025 23:59 UTC

James P. Snee, President and Chief Executive Officer ('CEO') of the Company will be retiring at the end of the Company's fiscal year 2025, which ends October 26, 2025.

Source: SEC EDGAR

accession 0001104659-25-061357

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