Hormel foods owner Jan 14, 2025 · Hormel Foods Chief Executive Jim Snee is retiring in October, ending a transformative eight-year tenure leading the Austin, Minn. A. P. Oct 6, 2010 · MegaMex Foods LLC, a joint venture between Hormel Foods Corporation (NYSE: HRL) and Herdez Del Fuerte, S. Feb 29, 2024 · Hormel Foods President, Chair and CEO Jim Snee joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, high performing products, and more. In 1980, the company’s name was changed to STAGG Foods and in Oct. These shareholders can be individual investors as well as institutional investors such as mutual funds, pension funds, and other financial entities. His ownership stake in the company made him one of the wealthiest Americans during his lifetime. Hormel & Co. has begun a search for a new chief executive officer to succeed chairman, president and chief executive officer James Snee, who plans to retire at the end of 2025. Hormel Foods is a World’s Best Employer Explore why Forbes has named Hormel Foods a World’s Best Employer and apply to join our team of 20,000 dedicated and passionate individuals working together to feed the world. Snee said: “[Batcheler] has a wealth of experience both inside and outside the food space and will bring invaluable insights to our company. Director since November 2018; Chairman of the Board since February 2025 Jim Snee Jan 14, 2025 · Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that James P. He was previously CEO of Hormel Foods. For more than 120 years, Hormel Foods in the US has made its name producing products that bring more to the table—more quality and taste to your eating experience. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb. 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. Just one taste and you’ll fall in love with Stagg ® chili. Company profile for Hormel Foods Corp. That owner is the foundation that the company's founder created many years ago. 8% of the shares of Hormel Foods Corporation are held by The Hormel Foundation, a nonprofit 501(c)(3) organization established in 1941 by George A. from TSG4 L. 4% during the 4th quarter. Jan 20, 2025 · Hormel Foods CEO Jim Snee will retire at the end of the fiscal year after over three decades at the company, including eight years as CEO. The Austin, Minn. Jan 14, 2025 · Hormel Foods said CEO James Snee is retiring at the end of the company’s 2025 fiscal year after nearly four decades with the Spam and Jennie-O manufacturer. , a private equity fund sponsored by TSG Consumer Partners LLC, and private investors. Hormel Foods (NYSE: HRL) is owned by 41. has announced the retirement plans of James Snee, chairman of the board, president and CEO. After nearly nine years as CEO, Snee will leave Hormel at the end of fiscal 2025. “As CEO of Hormel Foods for the May 10, 2024 · She will report directly to chairman and CEO Jim Snee. Hormel Foods owns brands like Spam, Dinty Moore, Jennie-O, and Skippy, making Applegate Farms the company’s only exclusively organic and natural brand. 12% retail investors. The little blue can of the past, present and future! When the first SPAM ® brand can came off the production line in 1937, the world was forever changed. The Hormel Foundation supports charitable, educational and scientific organizations in Austin, Minn. The company operates a number of manufacturing facilities and distribution centers throughout the country, producing a range of products for both domestic and export markets. Jan 14, 2025 · AUSTIN, MINN. Jan 15, 2025 · AUSTIN, MINN. View Jim Snee’s profile on LinkedIn, a professional community of 1 billion members. Jan 14, 2025 · Hormel Foods said on Tuesday its CEO, James Snee, is set to retire at the end of 2025, after leading the company for nearly nine years. , which operated a 117,000-square-foot plant in Marshall, Minnesota. In the fall of 1997, Hormel acquired Heartland Foods Co. Hormel Foods Corporation, doing business as Hormel Foods or simply Hormel, is an American multinational food processing company founded in 1891 in Austin, Minnesota, by George A. 55B. Learn More MegaMex Foods brings its marketing, sales and supply chain expertise to partnerships with retail and foodservice companies. Our long history of great tasting, affordable meat started with our founder, George A. The Hershey Trust, meanwhile, owns 99% of the class B 14 hours ago · Other hedge funds have also recently added to or reduced their stakes in the company. O. Hormel said its With the passing of the Lend-Lease Act of 1941, Hormel Foods shipped up to 15 million cans of meat per week overseas, most of which were products from the iconic SPAM ® brand. It is a leading full-line provider of Mexican foods in the retail, foodservice and convenience store channels with brands such as Herdez ® products, Wholly ® Guacamole products, CHI-CHI’S ® products and La Victoria Key Takeaways Hormel Foods CEO James Snee will retire at the end of fiscal 2025, the Spam and Skippy parent said Tuesday. E. During this same period, the company was not inactive on the domestic front. , based in Austin, Minn. including key executives, insider trading, ownership, revenue and average growth rates. [3] Chairman of the Board, Hormel Foods President and Chief Executive Officer, Constellation Brands, Inc. Hormel and his son, Jay C Hormel. The board has formed a search Experience: Hormel Foods · Location: Austin · 480 connections on LinkedIn. Hormel also avoided hometown labor strife when the Jan 15, 2025 · During Snee's tenure, the company continued its legacy of dividend growth. Snee PRESIDENT AND CEO; Director: 12880: Derivative/Non Jan 14, 2025 · (ABC 6 News) – Hormel Foods announced the retirement of their chairman of the board, president and C. He will be ending his time with the Fortune 500 at the end of fiscal 2025 Jan 14, 2025 · Hormel Foods Corp. has begun a search for a new chief executive officer to succeed chairman, president and CEO James Snee, who plans to retire at the end of 2025. ) in 1891. , today announced the closing of an agreement to acquire 100 percent of the stock of Don Miguel Foods Corp. The Board has formed a search committee and will benefit from its existing CEO-succession process to identify Snee's Applegate Farms, LLC was founded in 1987 by Stephen McDonnell and Chris Ely, two food rebels with a cause and a mission: Changing The Meat We Eat. D. James Snee, CEO of Hormel Foods, has been named the next Chairman of the North American Meat Institute. 72% institutional shareholders, 48. grew its stake in Hormel Foods by 10. Hormel & Company. As Hormel's CEO from 2005 until 2016, he led the company through a period of major growth in market value. , maker of the Stagg brand of chili products, for $50 million in cash and stock. Made with juicy beef, succulent red tomatoes, mouth-watering jalapeño peppers and zesty onions, this chili is a rich and hearty meal solution. -based food company — known for bacon, turkey, Spam and its down-home style of business — has steadily gobbled up smaller protein-centric food brands for the last five years. , James P. STAGG® DYNAMITE® Hot chili with beans. , including The Hormel Institute cancer research center. now owns 9,905 shares of the company's stock worth $311,000 after buying an additional 934 shares during the Hormel Foods International Austin, Minn. de C. Hormel as George A. Jan 14, 2025 · 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. 35 billion, the largest acquisition in Hormel’s 130-year history. Founded 1940 | Acquired 1986 . Foundation Hormel is the largest individual Hormel Foods shareholder, owning 256. Simple companies that are easy to grasp. Minnesota-based Hormel Foods owns brands including Planters, SPAM, Natural Choice and Applegate. Company Profile . ® Hormel Foods (HRL) Ownership - Who Owns Hormel Foods? - TipRanks Hormel Foods Corporation (NYSE: HRL) today announced the closing of its acquisition of Applegate Farms, LLC (Applegate), owner of the Applegate ® brand. Innovation in peanut butter production for the SKIPPY ® brand helped Hormel Foods avoid product waste, improve plant operations and donate more than 250,000 pounds of peanut butter to feed children in El Salvador. Feb 11, 2021 · Hormel Foods Corp. , has always had a number of popular heat-and-eat products, with a roster that includes Lloyd’s Barbeque… News 6. Founded in 2004, it is a pioneer in natural, nut-butter-based products. Chief Executive Officer 58 2016-10-30 Hormel Foods Corp. – Hormel Foods is looking for a new leader. Snee has worked at Hormel for 36 years, eight of which have been as CEO Jan 14, 2025 · Hormel Foods (NYSE: HRL) announced that Chairman, President and CEO James P. Jim Snee is Chairman/President/CEO at Hormel Foods Corp. 63% of the company. Oct 30, 2020 · Hershey's (HSY 2. The board has formed a search Hormel Foods's Executive Vice President, Chief Financial Officer is Jim Sheehan. Nov 10, 2022 · Hormel Foods Corporation, (NYSE:HRL), a Fortune 500 global branded food company, today announced Jim Snee, chairman of the board, president and chief executive officer, was named the 2022 Hormel Foods Corp. Jan 14, 2025 · AUSTIN, Minn. Foundation Hormel's Hormel Foods shares are currently valued at $7. "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,” Snee says. 55912-3680, Austin +507 437 5611. 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. 28. Oct 13, 2024 · Hormel China is a wholly owned subsidiary of Hormel Foods Corporation, with headquarters in Shanghai. Snee has worked at Hormel for 36 years, eight of which have been as CEO. See Jim Snee's compensation, career history, education, & memberships. Jim Snee is president and chief executive officer of Hormel Foods, a global branded food company with over $12 billion in annual revenue across more than 75 countries worldwide. Exports products to more than 60 countries. V. Snee, Hormel’s chairman of the board, president and chief executive officer, will retire at the end of fiscal year 2025 after a 36-year career with the company. Snee has been the CEO of Hormel Foods Corporation since 2016. James P. , is stepping down. The company announced Tuesday that James P. Who owns Hormel Foods? Hormel Foods is a publicly traded company, which means it is owned by its shareholders. STAGG® Chunky Beef chili with beans. Clement Hirsch established STAGG Foods in 1956 as Rocking K Foods. The stock has increased its Nov 8, 2022 · Hormel Foods Corporation, (NYSE: HRL), a Fortune 500 global branded food company, today announced Jim Snee, chairman of the board, president and chief executive officer, was named the 2022 Responsible CEO of the Year for transformative leadership by 3BL Media. On Tuesday morning, the company announced that Snee will retire at the end of Hormel’s Feb 27, 2025 · Jim Snee, who is retiring as the president and CEO of Hormel Foods, during a quarterly earnings call on February 27 offered insights about the process of selecting his successor. Other executives include Jim Snee, Chairman of the Board, President, Chief Executive Officer; Amy Sheehan, Director of Talent Acquisition and 35 others. Sep 10, 2024 · In its largest ever acquisition, Hormel Foods is buying Applegate Farms for a reported $775 million. In January, Hormel announced that Snee would retire at the end of fiscal year 2025, which would be in late October. Hormel has formed a search committee for his successor. — Hormel Foods Corp. George Albert Hormel (December 4, 1860 – June 5, 1946) was an American entrepreneur, he was the founder of Hormel Foods Corporation (then known as George A. Snee. Cramer spoke with Hormel Foods CEO Jim Snee on Wednesday. Varieties Include: STAGG® CLASSIC™ chili with beans. His term begins in January 2025, marking a new chapter for the organization, which represents many of the largest players in the meat industry. Jan 14, 2025 · When Hormel appoints a new CEO, Snee will become a strategic advisor to the company’s board through the end of fiscal year 2025 – which is scheduled to end in later October – and for 18 Jan 14, 2025 · Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that James P. 1 brand in the natural and organic value-added prepared meats category. The Skippy peanut butter maker said Snee will Justin’s, LLC is owner of the Justin’s ® brand. Hormel, and continues to this day. 43M shares representing 46. By 1944, more than 90 percent of the canned foods were shipped for government use. Under Snee, the company saw significant changes, including acquisitions and a revenue dip in fiscal 2024. 39%) makes sweets and Hormel Foods (HRL-1. Applegate ® is the No. 16% Hormel Foods insiders, and 10. 36%) makes packaged meat products. A search committee has been formed to identify his successor, considering both internal and external candidates. STAGG® Vegetable Garden chili Established in 1956 by Clement Hirsch, the Stagg ® brand is now beloved by chili lovers everywhere. He will serve as a strategic advisor to the board while the company identifies a successor. agreed to buy Planters nuts for $3. Snee told investors, “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. Hormel Foods Corporation (NYSE: HRL) today announced that it has entered into a definitive agreement to acquire Applegate Farms, LLC (“Applegate”), owner of the Applegate® brand, the No. Jan 6, 2022 · Hormel Foods has one major owner that is focused on the company's long-term growth. cx/2NGeIvi » Su Dec 5, 2024 · The son of the founder of the Chi-Chi's Mexican-American restaurant chain announced this week that he has purchased the brand from owner Hormel Foods and plans to open new locations in 2025. Jan 14, 2025 · 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. -based company. 1 Hormel Place. This revolutionary new product won over the hearts of soldiers, world leaders, celebrities, chefs, kids and parents. 2021 Company. He will transition to a strategic advisor role until October 2025. Davidson & CO. Hormel Foods is a member of the S&P 500 Index and has been designated a S&P 500 Dividend King. [3] Ettinger now runs the corporate Hormel Foundation, which gives millions of dollars to charitable causes in Austin, Minnesota, and serves on the boards of several other companies. Justin’s markets four successful nut-butter-based product lines: jarred spreads, squeeze packs and nut butter cups. His journey with Hormel started back in 1989, working in various roles all the way up to president and COO before taking the helm as CEO. In November 2024, Hormel Foods announced its 59th consecutive year of annual dividend increases. After 36 years with the company, Snee will retire at the end of fiscal 2025 (end of October). Aug 31, 2006 · James Snee CEO. “A growing number of consumers are choosing natural and organic products. Jan 30, 2025 · Hormel Foods CEO James Snee Elected to Lead Meat Institute. Austin-based Jan 14, 2025 · Hormel Foods CEO James Snee will retire at the end of fiscal 2025, the Spam and Skippy parent said Tuesday. Jan 14, 2025 · Jim Snee, the longtime chief executive of Austin, Minnesota-based Hormel Foods Corp. Snee will retire at the end of fiscal 2025 after 36 years with the company. 1996, Hormel Foods acquired STAGG Foods. Jennie-O Turkey Store More than you think! In addition to our iconic SPAM® brand and HORMEL® branded products, our family includes: Applegate® brand Columbus® craft meats Dinty Moore® stew Herdez® salsa Jennie-O® brand Justin's® brand Planters® brand SKIPPY® brand Wholly® Guacamole brand You can see our entire list of brands in our brands section. Snee, chairman of the board, president and chief executive officer, will retire at 46. I am proud of the impactful, innovative and Jan 14, 2025 · Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that James P. In October 1996 Hormel acquired Stagg Foods, Inc. Hormel Foods is a publicly traded, global branded food company on the New York Stock Exchange (NYSE:HRL) that is headquartered in Austin, Minnesota. wtvar alr uhsxp uzqtnvz mqfjf cnweui jgfylp hklywj ozopy alefayo