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Hormel Foods chairman, president & CEO to retire at end of fiscal year
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Saturday, 18 January, 2025, 13 : 00 PM [IST]
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Minnesota, USA
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Hormel Foods Corporation, a Fortune 500 global branded food company, announced that James P. Snee, chairman of the board, president and chief executive officer, will retire at the end of fiscal 2025, following a distinguished 36-year career with the company.
The board has formed a search committee and will benefit from its existing CEO-succession process to identify Snee’s successor. Internal and external candidates are being considered. Snee has agreed that once his successor is named, he will serve as a strategic advisor to the board through the end of fiscal year 2025 and for 18 months thereafter.
Bill Newlands, the board’s independent lead director, said, “On behalf of the entire board of directors, we extend our gratitude to Jim for his dedication to Hormel Foods, its stockholders, its employees and its communities. We congratulate him on an impactful career and look forward to working with him in the months ahead to execute an effective transition and deliver on our business imperatives.”
Snee said, “As CEO of Hormel Foods for the last eight years, I have been blessed to work alongside the most talented and committed team in the industry. I am proud of the impactful, innovative and transformational work we have accomplished during my tenure, which has been a period of rapid and significant change. My heartfelt gratitude goes to the leaders who came before me and to all the dedicated colleagues I’ve worked with during my 36-year career. As we begin this transition, I’m confident in the bright future that lies ahead for Hormel Foods.”
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