Management ChangeJul 28, 2026, 07:06 AM
Hormel Foods Appoints John F. Ghingo as President and CEO
AI Summary
Hormel Foods Corporation announced the appointment of John F. Ghingo as its new President and Chief Executive Officer, effective October 26, 2026. Mr. Ghingo, currently the Company's President, will also continue to serve on the Board. Jeffrey M. Ettinger's service as Interim Chief Executive Officer will conclude on October 25, 2026. In connection with his new role, Mr. Ghingo's annual base salary will be $1.28 million, with a target annual short-term incentive of 150% of his base salary and an annual long-term incentive target of $6.8 million.
Key Highlights
- John F. Ghingo appointed President and CEO of Hormel Foods.
- Appointment effective October 26, 2026.
- Jeffrey M. Ettinger's interim CEO service concludes October 25, 2026.
- Mr. Ghingo's annual base salary set at $1.28 million.
- Target annual short-term incentive at 150% of base salary.
- Annual long-term incentive target of $6.8 million.
- Mr. Ghingo has over 20 years of experience in consumer-packaged foods.
Price Impact
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