Full-Time
Global meat products processor and distributor
$74.3k - $122.2k/yr
No H1B Sponsorship
Austin, MN, USA
In Person
Relocation is eligible; travel of 20–30% is required.
Bachelor's, Master's, PhD
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Hormel Foods processes and distributes a variety of meat and prepared food products, including bacon, deli meats, and shelf-stable meals under brands like Spam, Jennie-O, and Applegate. The company operates by selling both branded and unbranded goods through retail stores, foodservice providers like restaurants, and international markets in over 80 countries. Unlike many competitors focused on a single niche, Hormel maintains a diverse portfolio that balances premium branded items with high-volume unbranded products across global channels. Its goal is to leverage this broad distribution network and brand variety to provide consistent food options to consumers and institutions worldwide.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Austin, Texas
Founded
1891
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Relocation Assistance
401(k) Retirement Plan
401(k) Company Match
Stock Options
Company Equity
Professional Development Budget
Hormel Foods faces an antitrust class action lawsuit alleging price fixing in the US pork industry. The case claims several pork producers conspired to coordinate and inflate prices for pork products nationwide. Some co-defendants have reached settlements, whilst proceedings involving Hormel continue. The lawsuit adds uncertainty for investors already concerned about profitability and dividend coverage. Any adverse outcome could increase expenses or impose operational restrictions. Current profit margins stand at 3.8%, down from 6.3% last year. The company's dividend is flagged as not well covered by earnings or free cash flow, and potential legal costs would compete for available cash. Investors are monitoring court rulings on class certification, summary judgment, and possible settlement disclosures to assess financial exposure and potential impacts on capital allocation.
John Ghingo appointed CEO of Hormel Foods. Hormel Foods has appointed John Ghingo, its current president, as the new CEO of the U.S. food company, succeeding Jeff Ettinger. Ettinger stepped into the interim role last year after Jim Snee's retirement as president and CEO of the owner of Jennie-O turkey and Skippy peanut butter brands. In this leadership transition, Ghingo has taken over the presidency from Snee. The new CEO will officially take on his responsibilities starting October 26 and will continue as a member of the board. Ettinger will also retain his position on the board. "I am honoured to lead Hormel Foods, a company with an extraordinary legacy, trusted brands and a clear purpose," Ghingo stated in a press release today (July 28). "We have real momentum and a talented team. I am energised to build on that foundation - investing in our brands, modernising how we operate and creating lasting value for our customers, consumers, team members and shareholders." During the announcement of second-quarter results in June, Ettinger maintained the forecast for 2026 sales revenue between $12.2 billion and $12.5 billion, despite facing challenges such as high fuel, logistics, and commodity costs. He also managed the sale of Hormel Foods' whole-bird turkey division to Life-Science Innovations, excluding the Jennie-O brand and its broader product line. Subsequently, the interim CEO confirmed the divestiture of the company's operations in Brazil to local food producer Zanchetta Alimentos, which includes the Ceratti brand. Ettinger remarked, "Over the past year, John and I have worked closely together, and I've seen firsthand his commitment to Hormel Foods' culture, people and portfolio and his clear focus on the opportunities ahead. "I have great confidence in John's ability to lead the company into its next chapter." Ghingo joined Hormel Foods in 2024, initially overseeing the retail division before expanding his responsibilities to include foodservice and international operations as president. His professional journey features executive positions at leading U.S. companies such as Mondelez International and WhiteWave Foods, prior to its acquisition by the French dairy giant Danone in 2016. He also led Hormel Foods' Applegate Farms subsidiary from 2018 until 2022. Bill Newlands, chairman and board member of Hormel Foods, stated, "John has quickly demonstrated his ability to lead at enterprise scale, setting clear strategic direction and translating strategy into disciplined execution. "Under his leadership, we believe Hormel Foods will be well positioned to drive our modernisation agenda, accelerate sustainable growth and create long-term value for shareholders."
Hormel Foods Corporation announced it will hold its third quarter earnings call on 27 August 2026 at 8 a.m. CT. The call will feature interim chief executive officer Jeff Ettinger, president John Ghingo, and interim chief financial officer Paul Kuehneman discussing financial results. The Minnesota-based company will release its earnings before markets open that day. The live webcast and replay will be available on the company's investor website. Hormel Foods is a global branded food company with over $12 billion in annual revenue. Its portfolio includes brands such as Planters, Skippy, SPAM, and Jennie-O.
Hormel Foods president Ghingo to succeed interim CEO. Share via: Hormel Foods has named President John Ghingo as its next CEO, effective Oct. 26, completing a leadership transition the company laid out more than a year ago. Ghingo will succeed interim CEO Jeff Ettinger, who has led the Austin, Minnesota-based company since July 2025. Ghingo, who has served as president and a board member since that time, will continue on the board. His appointment concludes a search that began with the planned retirement of former chairman, president and CEO Jim Snee. Ghingo rejoined Hormel in 2024 as EVP of the company's retail business, its largest segment by net sales, before being named president in July 2025. As president he oversees the retail, foodservice and international segments, along with global operations, supply chain, research and development, information technology and corporate strategy. He has spent more than 25 years in the consumer packaged goods industry. "John has quickly demonstrated his ability to lead at enterprise scale, setting clear strategic direction and translating strategy into disciplined execution," said Bill Newlands, chairman of the Hormel Foods board. "Under his leadership, we believe Hormel Foods will be well positioned to drive our modernization agenda, accelerate sustainable growth and create long-term value for shareholders." "I am honored to lead Hormel Foods, a company with an extraordinary legacy, trusted brands and a clear purpose," Ghingo said. "I am energized to build on that foundation, investing in our brands, modernizing how we operate and creating lasting value for our customers, consumers, team members and shareholders." Ettinger to remain on board. Ettinger will stay on as interim CEO through Oct. 25 to support the transition, then continue serving as a director. He first joined Hormel in 1989 and previously served as chairman, president and CEO until his retirement in 2016, a tenure that included the company's Planters acquisition and portfolio expansion. Ghingo's background. Before rejoining Hormel, Ghingo spent more than 15 years at Mondelez International in marketing and general management roles supporting brands including Oreo, Cadbury, Trident and Planters, now a Hormel brand. He later served as president of plant-based foods and beverages at The WhiteWave Foods Co., leading the Silk and So Delicious brands, and as president of Hormel subsidiary Applegate Farms from 2018-22. He then served as CEO of a better-for-you snacking company backed by private equity firm Kainos Capital. Ghingo graduated from the University of Notre Dame and earned an MBA from New York University's Stern School of Business. Hormel Foods brands include Spam, Skippy, Applegate, Justin's, Hormel Black Label and Columbus. The Shelby Report delivers complete grocery news and supermarket insights nationwide through the distribution of five monthly regional print and digital editions. Serving the retail food trade since 1967,... More by Shelby Team
Hormel Foods names John Ghingo next chief executive officer. July 28, 2026 Austin, Minn. Ghingo, current president, will succeed interim CEO Jeff Ettinger at fiscal year-end following a deliberate leadership transition Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its board of directors has appointed John Ghingo president and chief executive officer, effective Oct. 26, 2026. Ghingo, who has served as president and a member of the Hormel Foods Board of Directors since July 2025, will succeed Jeff Ettinger, interim chief executive officer, and will continue serving on the board. As president, Ghingo has advanced the company's strategic priorities and helped position Hormel Foods for its next phase of growth and modernization. He brings more than 25 years of leadership across the consumer packaged goods industry, with a proven record of driving growth, strengthening operations and delivering disciplined results. Since rejoining Hormel Foods in 2024 to lead its Retail business | the company's largest segment by net sales | he has assumed increasingly broad leadership responsibilities across the enterprise. As president, he directly oversees the company's Retail, Foodservice and International business segments, and its global operations, supply chain, research and development, information technology and corporate strategy functions. "The board and I are confident John Ghingo is the right leader to guide Hormel Foods into its next chapter," said Bill Newlands, chairman of the Hormel Foods Board of Directors. "John has quickly demonstrated his ability to lead at enterprise scale, setting clear strategic direction and translating strategy into disciplined execution. Throughout his career he has built strong teams, strengthened iconic brands, championed innovation and delivered results. Under his leadership, we believe Hormel Foods will be well positioned to drive our modernization agenda, accelerate sustainable growth and create long-term value for shareholders. As we build on 135 years of history, John is the right leader to move the company forward." Newlands added, "We are grateful to Jeff Ettinger for his steady leadership as interim CEO and for nearly 30 years of service to Hormel Foods. He has been a trusted steward of the company during an important period, drawing on decades of experience to support the business, provide continuity for the organization and help deliver a smooth leadership transition. Throughout his career, he has demonstrated a deep commitment to Hormel Foods and the communities we serve." "I am honored to lead Hormel Foods, a company with an extraordinary legacy, trusted brands and a clear purpose," said Ghingo. "We have real momentum and a talented team. I am energized to build on that foundation - investing in our brands, modernizing how we operate and creating lasting value for our customers, consumers, team members and shareholders." As previously announced, Ettinger will remain with the company as interim chief executive officer through Oct. 25, 2026, to support a smooth transition. Afterward, he will continue serving on the Hormel Foods Board of Directors. Ettinger first joined Hormel Foods in 1989 and previously served as chairman of the board, president and chief executive officer, helping expand the company's portfolio and strengthen its position as a leading global branded food company until his retirement in 2016. Ettinger currently serves as a member of the board of directors of The Hormel Foundation, one of Minnesota's largest community foundations and grantmakers. "Over the past year, John and I have worked closely together, and I've seen firsthand his commitment to the Hormel Foods' culture, people and portfolio and his clear focus on the opportunities ahead," said Ettinger. "I have great confidence in John's ability to lead the company into its next chapter. Hormel Foods is built to last, and I am optimistic about its future under John's leadership." About John Ghingo John Ghingo is currently president of Hormel Foods where he directly oversees the company's Retail, Foodservice and International business segments, as well as its global operations, supply chain, research and development, information technology and corporate strategy functions. Ghingo is an accomplished business leader with extensive experience in the consumer packaged goods industry and a proven track record of driving growth and delivering results. Before joining Hormel Foods, Ghingo built a diverse career in the food and beverage industry, holding leadership positions across a range of iconic brands and companies. He spent more than 15 years at Mondelēz International in marketing and general management roles, supporting global brands such as Oreo, Cadbury, Trident, and PLANTERS(R), a brand now owned by Hormel Foods. He went on to serve as president of plant-based foods and beverages at The WhiteWave Foods Company, where he led the Silk and So Delicious Dairy Free brands. In 2018, Ghingo was named president of Applegate Farms, LLC, a Hormel Foods subsidiary, and served in that role through 2022. Following his tenure at Applegate, he was appointed chief executive officer of a better-for-you snacking company backed by private equity firm Kainos Capital. In 2024, Ghingo rejoined Hormel Foods as executive vice president of the Retail business unit before being named president of the company in July 2025. Ghingo graduated from the University of Notre Dame and earned his MBA from the Stern School of Business at New York University. Download John Ghingo's headshot here. About Hormel Foods. Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS(R), SKIPPY(R), SPAM(R), HORMEL(R) NATURAL CHOICE(R), APPLEGATE(R), WHOLLY(R), HORMEL(R) BLACK LABEL(R), COLUMBUS(R), JENNIE-O(R) and more than 30 other beloved brands. The Company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report and one of America's most responsible companies by Newsweek, was recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.