Core Viewpoint - Hormel Foods Corporation announces the promotion of John Ghingo to president and the return of Jeffrey M. Ettinger as interim CEO for a period of 15 months, effective July 14, 2025, marking a significant leadership transition within the company [1][4]. Company Leadership Transition - John Ghingo will become the 11th president in Hormel Foods' nearly 135-year history, previously serving as executive vice president for Retail, overseeing the largest business unit and a portfolio of iconic consumer brands [1][2]. - Jeffrey M. Ettinger, who has a nearly three-decade career with Hormel Foods, will serve as interim CEO, bringing extensive knowledge of the company and its culture [3][9]. Strategic Focus - Ghingo emphasizes the importance of the "Transform & Modernize" strategy as a critical part of Hormel Foods' future direction, aiming to build on the company's strong foundation and enhance its market relevance [3][4]. - The board expresses confidence in Ghingo and Ettinger's ability to strengthen the business and deliver lasting value for shareholders, highlighting their complementary expertise in consumer innovation and market dynamics [4]. Company Background - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries, with a diverse portfolio of well-known brands [11].

Core Insights - Hormel Foods' summer internship program is recognized as a launchpad for students' careers, with over 70% of interns transitioning to full-time roles within the company [1][3] - The program welcomes over 95 students from 50 colleges and universities, providing three months of hands-on business experience [1][2] Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries [5] - The company is a member of the S&P 500 Index and has received multiple accolades for its corporate responsibility and workplace environment [5] Internship Program Details - The internship program is designed to immerse students in real business scenarios across various functional areas, including sales, food science, engineering, and marketing [3][4] - Interns work alongside experienced professionals, contributing to meaningful projects and gaining insights into different career paths [4] Recognition and Awards - Hormel Foods' internship program has been consistently recognized as one of the best in the nation by Vault, receiving awards for excellence in engineering, sales, marketing, and communications [4]

Core Insights - Hormel Foods Corporation announced that Jeff Baker will become the group vice president for Retail marketing at the end of fiscal 2025, succeeding Scott Aakre [1] - Baker has been with Hormel Foods for 35 years, holding various positions in sales, product management, and marketing, demonstrating a strong track record of growth [2][3] - The company aims to evolve its brand portfolio to align with changing consumer preferences, enhance its presence in snacking and entertaining, and drive growth in its food-forward portfolio under Baker's leadership [1][3] Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue and operations in over 80 countries [3] - The company’s brand portfolio includes well-known names such as PLANTERS®, SKIPPY®, SPAM®, and HORMEL® NATURAL CHOICE®, among others [3] - Hormel Foods is recognized as a member of the S&P 500 Index and has received various accolades for corporate responsibility and community service [3]