Hormel Foods Management
Management criteria checks 3/4
Hormel Foods' CEO is Jim Snee, appointed in Oct 2015, has a tenure of 7.33 years. total yearly compensation is $9.48M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.033% of the company’s shares, worth €7.48M. The average tenure of the management team and the board of directors is 6.8 years and 8.6 years respectively.
Key information
Jim Snee
Chief executive officer
US$9.5m
Total compensation
CEO salary percentage | 10.6% |
CEO tenure | 7.3yrs |
CEO ownership | 0.03% |
Management average tenure | 6.8yrs |
Board average tenure | 8.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
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 |
Jul 30 2017 | n/a | n/a | US$873m |
Apr 30 2017 | n/a | n/a | US$886m |
Jan 29 2017 | n/a | n/a | US$890m |
Oct 30 2016 | US$4m | US$510k | US$890m |
Compensation vs Market: Jim's total compensation ($USD9.48M) is above average for companies of similar size in the German market ($USD4.53M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
CEO
Jim Snee (55 yo)
7.3yrs
Tenure
US$9,478,102
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 | 7.3yrs | US$9.48m | 0.033% $ 7.5m | |
Executive VP & CFO | 1.1yrs | US$2.12m | 0.0073% $ 1.7m | |
Senior VP of External Affairs & General Counsel | 12.1yrs | US$1.47m | 0.0078% $ 1.8m | |
Executive Vice President of Retail | no data | US$2.18m | 0.014% $ 3.2m | |
Director of Investor Relations | no data | no data | no data | |
Senior VP & Chief Compliance Officer | 2.3yrs | no data | 0.0019% $ 432.6k | |
Senior VP & Chief Communications Officer | 7.9yrs | no data | 0.0037% $ 840.2k | |
Senior Vice President of Human Resources | less than a year | no data | 0.0021% $ 482.7k | |
Senior Vice President of Brand Fuel | 19.4yrs | no data | no data | |
Senior Vice President of Research & Development and Quality Control | 7.9yrs | no data | 0.0080% $ 1.8m | |
Group VP & President of Hormel Foods International | 6.3yrs | no data | 0.0051% $ 1.2m | |
Group Vice President of Jennie-O Turkey Store | 5.2yrs | no data | 0.0058% $ 1.3m |
6.8yrs
Average Tenure
55yo
Average Age
Experienced Management: HO7's management team is seasoned and experienced (6.8 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Chairman | 7.3yrs | US$9.48m | 0.033% $ 7.5m | |
Independent Director | 11.4yrs | US$274.99k | 0.013% $ 3.1m | |
Independent Director | 15.3yrs | US$254.92k | 0.018% $ 4.2m | |
Independent Director | 13.3yrs | US$259.20k | 0.018% $ 4.0m | |
Independent Director | 8.6yrs | US$290.01k | 0.011% $ 2.5m | |
Independent Lead Director | 10.4yrs | US$304.08k | 0.016% $ 3.6m | |
Independent Director | 4.3yrs | US$273.37k | 0.0036% $ 819.7k | |
Independent Director | 8.6yrs | US$270.04k | 0.0083% $ 1.9m | |
Independent Director | 16.4yrs | US$245.85k | 0.019% $ 4.4m | |
Independent Director | 8.6yrs | US$271.65k | 0.010% $ 2.4m | |
Independent Director | 3.9yrs | US$255.27k | 0.0040% $ 917.6k | |
Independent Director | 3.3yrs | US$254.68k | 0.0021% $ 475.9k |
8.6yrs
Average Tenure
63yo
Average Age
Experienced Board: HO7's board of directors are considered experienced (8.6 years average tenure).