Hormel Names President and Chief Operating Officer

Hormel Foods Corporation's Board of Directors has elected James P. Snee to the position of president and chief operating officer. Snee was also appointed to the Board of Directors. Snee succeeds Jeffrey M. Ettinger, who has served as president since 2004. Ettinger will continue to serve as the company’s chairman and chief executive officer. In his new role, Snee will oversee all of the company’s business segments and global operations including grocery products, refrigerated foods, specialty foods, Jennie-O Turkey Store and International, and will continue to report to Ettinger. Corporate administrative functions including finance, mergers and acquisitions, legal, research and development, supply chain and human resources will continue to report to Ettinger. “Jim’s vast experience in both our core businesses and our emerging growth markets internationally position him exceptionally well to take on the additional responsibilities of president and chief operating officer,” says Ettinger. “Jim is a strong leader and has my confidence and the trust of our board. Under Jim’s direction, the international segment has delivered double-digit sales and earnings growth, expanded its global footprint, and driven impressive growth of our operations in China.” “I would like to thank Jeff and the board for their trust and confidence; I am truly honored,” says Snee. “I understand the incredible legacy of Hormel Foods, and equally as important, I understand our imperatives for growth. The last few years have been exciting for our company as we completed several acquisitions, including the SKIPPY brand, CytoSport Holdings and Applegate Farms, adding to our diverse and exciting portfolio of brands. I am excited to partner with Jeff, our senior leadership team, and all of our employees around the world, to continue our journey of innovation and growth.” Snee will be only the tenth president in the company’s nearly 125-year history. As group vice president of Hormel Foods and president of Hormel Foods International, Snee led the company’s International segment, which encompasses more than 50 countries outside the United States. Snee joined Hormel Foods in 1989 in the foodservice division and served in various positions within the group before being named manager of inventory and distribution for the Refrigerated Foods segment in 1995. He was promoted to foodservice area manager and foodservice regional sales manager in 1996 and 1998, respectively. Snee was named director of purchasing in 2006 and vice president of affiliated business units in 2008. In 2011, he advanced to senior vice president of Hormel Foods International and assumed his current position in 2012.