Hormel Foods Management
Management criteria checks 3/4
Hormel Foods' CEO is Jim Snee, appointed in Oct 2015, has a tenure of 9.17 years. total yearly compensation is $6.79M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 0.068% of the company’s shares, worth €11.55M. The average tenure of the management team and the board of directors is 2.9 years and 10.4 years respectively.
Key information
Jim Snee
Chief executive officer
US$6.8m
Total compensation
| CEO salary percentage | 15.2% |
| CEO tenure | 9.2yrs |
| CEO ownership | 0.07% |
| Management average tenure | 2.9yrs |
| Board average tenure | 10.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Oct 27 2024 | n/a | n/a | US$805m |
| Jul 28 2024 | n/a | n/a | US$781m |
| Apr 28 2024 | n/a | n/a | US$767m |
| Jan 28 2024 | n/a | n/a | US$795m |
| Oct 29 2023 | US$7m | US$1m | US$794m |
| Jul 30 2023 | n/a | n/a | US$878m |
| Apr 30 2023 | n/a | n/a | US$934m |
| Jan 29 2023 | n/a | n/a | US$978m |
| Oct 30 2022 | US$9m | US$1m | US$1b |
| Jul 31 2022 | n/a | n/a | US$1b |
| May 01 2022 | n/a | n/a | US$960m |
| Jan 30 2022 | n/a | n/a | US$926m |
| Oct 31 2021 | US$10m | US$1m | US$909m |
| Jul 25 2021 | n/a | n/a | US$861m |
| Apr 25 2021 | n/a | n/a | US$888m |
| Jan 24 2021 | n/a | n/a | US$887m |
| Oct 25 2020 | US$10m | US$966k | US$908m |
| Jul 26 2020 | n/a | n/a | US$929m |
| Apr 26 2020 | n/a | n/a | US$926m |
| Jan 26 2020 | n/a | n/a | US$980m |
| Oct 27 2019 | US$8m | US$933k | US$979m |
| Jul 28 2019 | n/a | n/a | US$985m |
| Apr 28 2019 | n/a | n/a | US$996m |
| Jan 27 2019 | n/a | n/a | US$950m |
| Oct 28 2018 | US$6m | US$883k | US$1b |
Compensation vs Market: Jim's total compensation ($USD6.79M) is above average for companies of similar size in the Austrian market ($USD4.32M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
CEO
Jim Snee (57 yo)
9.2yrs
Tenure
US$6,785,979
Compensation
Mr. James P. Snee, also known as Jim, has been the Chief Executive Officer of Hormel Foods Corporation since October 31, 2016 and its President from October 26, 2015. Mr. Snee served as the Chief Operating...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.2yrs | US$6.79m | 0.068% € 11.5m | |
| Executive VP & CFO | 2.9yrs | US$1.94m | 0.013% € 2.1m | |
| Senior Vice President of Research & Development and Quality Control | 9.8yrs | US$1.32m | 0.0098% € 1.7m | |
| Senior VP & Chief Compliance Officer | 4.2yrs | no data | 0.0035% € 586.1k | |
| Senior VP of External Affairs & General Counsel | less than a year | no data | 0.0050% € 837.8k | |
| Senior VP & Chief Communications Officer | less than a year | no data | 0.0016% € 265.2k | |
| Vice President of Corporate Development | no data | no data | no data | |
| Senior Vice President of Human Resources | 2.2yrs | no data | 0.0051% € 858.1k | |
| Group VP & Chief Marketing Officer of Hormel Foods Retail Business | 21.3yrs | no data | no data | |
| Group VP & President of Hormel Foods International | 8.2yrs | no data | 0.0076% € 1.3m | |
| Senior Vice President of Brand Fuel | 1.4yrs | no data | no data | |
| Executive Vice President of Retail | less than a year | no data | 0.0047% € 800.7k |
2.9yrs
Average Tenure
56yo
Average Age
Experienced Management: HRL's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.2yrs | US$6.79m | 0.068% € 11.5m | |
| Independent Director | 13.3yrs | US$295.01k | 0.015% € 2.5m | |
| Independent Director | 10.4yrs | US$314.47k | 0.013% € 2.2m | |
| Independent Director | 12.3yrs | US$299.19k | 0.019% € 3.2m | |
| Independent Lead Director | 6.1yrs | US$320.48k | 0.0060% € 1.0m | |
| Independent Director | 10.4yrs | US$283.62k | 0.011% € 1.9m | |
| Independent Director | 18.3yrs | US$265.01k | 0.017% € 2.9m | |
| Independent Director | 10.4yrs | US$296.42k | 0.013% € 2.3m | |
| Director | less than a year | no data | 0.00046% € 77.7k | |
| Independent Director | 1.8yrs | US$277.51k | 0.0017% € 285.5k | |
| Independent Director | 5.1yrs | US$267.51k | 0.0037% € 619.9k |
10.4yrs
Average Tenure
64yo
Average Age
Experienced Board: HRL's board of directors are seasoned and experienced ( 10.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 17:14 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/10/27 |
| Annual Earnings | 2024/10/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hormel Foods Corporation is covered by 35 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Benjamin Theurer | Barclays |