This audio is automatically created. Please let me know if there is feedback.
Harmel Food Exhibition Jeffrey ettinger CEO is returning Since July 14, we have led a food company temporarily.
Ettinger, who has been with Hormel for almost 30 years and currently attended the company’s board of directors, will play temporary role for 15 months. He was previously CEO of Hormel from 2005 to 2016.
Hormel’s board of directors plans to install the next CEO in October 2026. The search committee of the company for the new top manager has been dissolved.
Hormel also said that he was promoted to the president. He recently served as Hormel’s retail vice president, leading the largest operating unit and supervising consumer brand portfolio.
Ghingo offers 15 years of “valuable perspective”, including the experience of Mondelēz International and Applegate Farms, a hormel subsidiary, the company added.
GHINGO will supervise Hormel’s retail, food service and international business division. It will also lead global operation, supply chain, research and development and corporate strategy.
Bill Newlands, the chairman of Hormel, said that management’s search was “thoroughly and intentionally.”
NEWLANDS said, “We are convinced that JEFF’s valuable experience and culture of the public market and investment community will compensate for John’s expertise in consumer innovation, brand construction and strategy in today’s dynamic food industry.
Executive shuffle comes after Hamel’s current James Seye said in January He was planning to retire nearly 40 years with the company, including nine years as a chief executive for nine years.
SEYE and ETTINGER both have a long history with the company. Hormel can decide to continue the pattern with the next CEO selection by appointing GHINGO, a skillful executive who is familiar with the portfolio, operational and strategy of a Minnesota company. His position as president will give him ideal responsibility and experience to be converted to CEO.
Hormel last month Narrowed sales and revenue prospects 2025 fiscal year. Like other CPG manufacturers, this company is having a hard time demanding a weak demand by urging consumers to withdraw their spending due to high prices and economic uncertainty.