Hormel Foods Management

Management criteria checks 4/4

Hormel Foods' CEO is Jim Snee, appointed in Oct 2015, has a tenure of 8.92 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 R$64.86M. The average tenure of the management team and the board of directors is 3.9 years and 10.2 years respectively.

Key information

Jim Snee

Chief executive officer

US$6.8m

Total compensation

CEO salary percentage	15.2%
CEO tenure	8.9yrs
CEO ownership	0.07%
Management average tenure	3.9yrs
Board average tenure	10.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jim Snee's remuneration changed compared to Hormel Foods's earnings?
Date	Total Compensation	Salary	Company Earnings
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
Jul 29 2018	n/a	n/a	US$969m
Apr 29 2018	n/a	n/a	US$941m
Jan 28 2018	n/a	n/a	US$915m
Oct 29 2017	US$6m	US$850k	US$847m

Compensation vs Market: Jim's total compensation ($USD6.79M) is about average for companies of similar size in the BR market ($USD5.68M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.

CEO

Jim Snee (57 yo)

8.9yrs

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
James Snee	Chairman	8.9yrs	US$6.79m	0.068% $ 64.9m
Jacinth Smiley	Executive VP & CFO	2.7yrs	US$1.94m	0.0093% $ 8.8m
Deanna Brady	Executive Vice President of Retail	no data	US$1.91m	0.016% $ 15.1m
Kevin Myers	Senior Vice President of Research & Development and Quality Control	9.5yrs	US$1.32m	0.0086% $ 8.1m
David Dahlstrom	Director of Investor Relations	no data	no data	no data
Pierre Lilly	Senior VP & Chief Compliance Officer	3.9yrs	no data	0.0027% $ 2.5m
Colleen Batcheler	Senior VP of External Affairs & General Counsel	less than a year	no data	0.0023% $ 2.2m
Katie Clark	Senior VP & Chief Communications Officer	less than a year	no data	0.0011% $ 1.1m
Nathan Annis	Vice President of Corporate Development	no data	no data	no data
Katherine Losness Larson	Senior Vice President of Human Resources	1.9yrs	no data	0.0036% $ 3.4m
D. Aakre	Group VP & Chief Marketing Officer of Hormel Foods Retail Business	21yrs	no data	no data
Swen Neufeldt	Group VP & President of Hormel Foods International	7.9yrs	no data	0.0059% $ 5.6m

3.9yrs

Average Tenure

57yo

Average Age

Experienced Management: H1RL34's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Snee	Chairman	8.9yrs	US$6.79m	0.068% $ 64.9m
Stephen Lacy	Independent Director	13yrs	US$295.01k	0.015% $ 14.2m
Sally Smith	Independent Director	10.2yrs	US$314.47k	0.013% $ 12.5m
Christopher Policinski	Independent Director	12yrs	US$299.19k	0.018% $ 17.5m
William Newlands	Independent Lead Director	5.8yrs	US$320.48k	0.0058% $ 5.5m
Gary Bhojwani	Independent Director	10.2yrs	US$283.62k	0.011% $ 10.2m
Elsa Murano	Independent Director	18yrs	US$265.01k	0.017% $ 16.3m
Steven White	Independent Director	10.2yrs	US$296.42k	0.013% $ 12.4m
Michael Zechmeister	Independent Director	1.5yrs	US$277.51k	0.0017% $ 1.6m
Prama Bhatt	Independent Director	4.8yrs	US$267.51k	0.0037% $ 3.5m

10.2yrs

Average Tenure

64.5yo

Average Age

Experienced Board: H1RL34's board of directors are seasoned and experienced ( 10.2 years average tenure).

Hormel Foods Management

Management criteria checks 4/4

Key information

Recent management updates

Hormel Foods Corporation Announces Management Changes

Hormel Foods Appoints Colleen Batcheler as Senior Vice President, External Affairs & General Counsel

Hormel Foods Corporation Appoints Katie Clark as Senior Vice President and Chief Communications Officer

Hormel Foods Corporation Announces Resignation of Raymond G. Young from Board of Directors

Hormel Foods Corporation, Annual General Meeting, Jan 30, 2024

Hormel Foods Corporation Determines That Lori J. Marco, the Company’s Senior Vice President, External Affairs and General Counsel, Will Separate from the Company Effective as of October 27, 2023

Recent updates

Hormel Foods Corporation Revises Earnings Guidance for the Full Year of 2024

Makers of Hormel® Black Label® Bacon Launch First-Ever Co-Branded Bacon with Cinnamon Toast Crunch

Hormel Foods Corporation Announces Management Changes

Hormel Foods Corporation Announces SPAM Brand Launches Limited-Edition Musubi-Inspired Merch Collection

Hormel Foods Corporation to Report Q3, 2024 Results on Sep 04, 2024

The Makers of the Spam Brand Fire Up Fan Tastebuds with New Spam Korean BBQ Flavored Variety

Hormel Foods Corporation Provides Earnings Guidance for the Fiscal Year 2024

Hormel Foods Corporation Declares Quarterly Dividend, Payable on August 15, 2024

Hormel Foods Appoints Colleen Batcheler as Senior Vice President, External Affairs & General Counsel

Hormel Foods Corporation to Report Q2, 2024 Results on May 30, 2024

Hormel Gatherings Introduces Summer-Themed Hard Salami & Pepperoni Tray

PLANTERS® Brand Team Introduces New Flavor-Forward Innovation in Snack Nuts with Launch of PLANTERS® Nut Duos Snacks

Hormel Foods Corporation Declares Quarterly Dividend, Payable on May 15, 2024

Hormel Foods Corporation Joins Forces with the Limited-Time Offering of Hormel®? Black Label®? Ranch Bacon

the Makers of Hormel Chili Solve the Double-Dip Dilemma with Double Dippable Chips

Hormel Foods Corporation Announces Launch of Hormel Sweet Garlic Ginger Pork Loin

Hormel Foods Corporation Provides Earnings Guidance for the Second Quarter, Half Year and Full Year of 2024

Hormel Foods Corporation Appoints Katie Clark as Senior Vice President and Chief Communications Officer

Hormel Foods Corporation's Hormel Gatherings®? Brand Team Introduces Spring-Themed Honey Ham & Turkey Tray

Hormel Foods Corporation Announces Resignation of Raymond G. Young from Board of Directors

Hormel Foods Corporation to Report Q1, 2024 Results on Feb 29, 2024

Hormel Foods Corporation, Annual General Meeting, Jan 30, 2024

Hormel Foods Corporation Reports Impairment Charges for the Fourth Quarter Ended October 29, 2023

Hormel Foods Corporation Provides Earnings Guidance for Fiscal 2024

Hormel Foods Corporation Announces Quarterly Dividend, Payable on February 15, 2024

Hormel Foods Corporation Announces Launch of Its Newest Product Innovation

Hormel Foods Corporation to Report Q4, 2023 Results on Nov 29, 2023

Hormel Foods Corporation Launches the Hormel Gatherings® Trailhead Party Tray

Hormel Foods Corporation Determines That Lori J. Marco, the Company’s Senior Vice President, External Affairs and General Counsel, Will Separate from the Company Effective as of October 27, 2023

Hormel Foods Corporation Declares Quarterly Dividend, Payable on November 15, 2023

Hormel Foods Corporation Provides Earnings Guidance for the Fourth Quarter and for the Fiscal Year 2023

Culinary Experts At Hormel Foods Welcome the Fall Season with Flavorful Array of Autumn-Inspired Dishes

Hormel Foods Corporation Introduces New Flavored Cashew Innovation: Apple Cider Donut

Hormel Foods Corporation to Report Q3, 2023 Results on Aug 31, 2023

Hormel Foods Corporation Announces Executive Changes

Hormel Foods Announces the Appointment of Scott Aakre as Group Vice President and Chief Marketing Officer of the Retail Business

Hormel Foods Corporation Announces Launch of Its Latest Flavor: Mango Hormel Hormel

Hormel Foods Corporation Reaffirms Earnings Guidance for the Full Year 2023

Hormel Foods Corporation Brings Together Multiple Brands with Introduction of Columbus® Handcrafted Charcuterie Board

Hormel Foods Corporation Declares Quarterly Dividend, Payable on August 15, 2023

Hormel Foods Corporation to Showcase Brands, Innovation and Showing Menu Items at National Restaurant Association Show

Hormel Foods Corporation to Report Q1, 2023 Results on Mar 02, 2023

Hormel Foods Corporation Launches HORMEL Chili Cheese Brew

The Makers of the SPAM® Brand Unveil Limited-Edition 'Spam® Brand X Nom Life Collection' with Food and Travel Creators of Nom Life

Hormel Foods Corporation, Annual General Meeting, Jan 31, 2023

Hormel Foods Corporation Provides Earnings Guidance for the Fiscal Year 2023

Hormel Foods Corporation Announces Quarterly Dividend, Payable on Feb. 15, 2023

Hormel Foods Corporation to Report Q4, 2022 Results on Nov 30, 2022

Hormel Foods Corporation Appoints Scott Aakre as Senior Vice President of Brand Fuel

Hormel Foods Corporation Announces the Appointment of Katie Larson as Senior Vice President of Human Resources

Hormel Foods Corporation Declares Quarterly Dividend, Payable on November 15, 2022

Hormel Foods Corporation Revises Earnings Guidance for the Fiscal Year 2022

Hormel Foods Corporation to Report Q3, 2022 Results on Sep 01, 2022

Hormel Foods Announces Change of Vice President and Treasurer

Hormel Foods Corporation Introduces Bold Flavor with New Sweet & Spicy Peanuts

Hormel Foods Corporation Announces Brand Launch New Product to Spice Up Sandwiches and Charcuterie Boards

Hormel Foods Corporation Revises Earnings Guidance for the Fiscal Year 2022

Hormel Foods Corporation Declares Quarterly Dividend, Payable on August 15, 2022

Hormel Foods Corporation to Report Q2, 2022 Results on Jun 02, 2022

Hormel Launches Hormel® Plant-Based Chili with Beans

Hormel Foods Corporation Declares Quarterly Dividend, Payable on May 16, 2022

Enjoy Easy Comfort Meals in 30 Minutes with Hormel Square Table Entrees of Hormel Foods Corporation

Hormel Foods Corporation Provides Earnings Guidance for the Year 2022

Hormel Foods Corporation to Report Q1, 2022 Results on Mar 01, 2022

Hormel Foods Corporation Create First-Ever Chili Cheese Keg

Hormel Foods Corporation Provides Earnings Guidance for the Year 2022

Hormel Foods Corporation Provides Earnings Guidance for the Year 2021

Hormel Foods Introduces Happy Little Plants Pepperoni Style Topping

Hormel Foods Corporation (NYSE:HRL) completed the acquisition of nuts business of The Kraft Heinz Company (NasdaqGS:KHC).