Hormel Foods Announces Upcoming Retirements of Mark Morey and Paul Peil

Leadership Changes - Hormel Foods Corporation announced the retirements of Mark Morey and Paul Peil, both long-tenured leaders within the company [1][2] - Mark Morey served at Hormel Foods for over 30 years, holding various roles in sales, marketing, general management, and operations, and was recognized for his customer focus and operational discipline [1][3] - Paul Peil's career at Hormel Foods spans 36 years, where he transitioned from sales to marketing, significantly impacting strategy and customer relationships [1][4] Company Overview - Hormel Foods is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue [5] - The company is known for its diverse portfolio of brands, including PLANTERS, SKIPPY, SPAM, and JENNIE-O, among others [5] - Hormel Foods is a member of the S&P 500 Index and has received multiple accolades for corporate responsibility and community service [5][6]