Management ChangeJun 12, 2026, 04:17 PM
Hormel Foods' Swen Neufeldt Assigned to Singapore Role
AI Summary
Hormel Foods Corporation announced that Swen Neufeldt, Group Vice President, International, will begin an international assignment in Singapore with Hormel Foods Asia Pacific Pte. Ltd. starting around July 27, 2026, for an indefinite term. He will continue in his current role and receive his base salary of $526,400, a cost-of-living adjustment of $56,103, and various relocation and housing benefits. The assignment includes a $20,000 special relocation payment and an annual housing allowance of $90,566.
Key Highlights
- Swen Neufeldt, Group VP, International, assigned to Hormel Foods Asia Pacific Pte. Ltd. in Singapore.
- Assignment begins around July 27, 2026, for an indefinite term.
- Annual base salary remains $526,400, plus a $56,103 cost-of-living adjustment.
- Includes a $20,000 special relocation payment.
- Provides up to $25,000 for household goods shipment to Singapore.
- Offers an annual housing allowance of $90,566 (company-paid portion).
- Reimbursement for US residence sale expenses, with tax gross-up on first $100,000.
- Pro-rata repayment of relocation costs required if terminated for cause or resigns within three years.
Price Impact
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