Hormel Foods Corporation announced that James P. Snee, its Chairman, President, and Chief Executive Officer, will retire at the end of fiscal year 2025, concluding a distinguished 36-year career with the company. Snee has led Hormel Foods for nearly nine years, overseeing significant strategic initiatives and portfolio growth during his tenure. His departure marks a major leadership transition for the global branded food company.
The Board of Directors has formed a search committee to identify Snee's successor, considering both internal and external candidates. Snee has agreed to serve as a strategic advisor to the Board through the end of fiscal year 2025 and for 18 months thereafter, ensuring a smooth transition of leadership. The company's fiscal 2025 performance outlook remains unchanged following this announcement.
Under Snee's leadership, Hormel Foods expanded its roster of protein-centric brands through targeted acquisitions in its Retail, Foodservice, and International segments, including the PLANTERS® snacking portfolio. He also launched critical initiatives such as the "Transform & Modernize for growth" program and maintained the company's legacy of 59 consecutive years of annual dividend increases.
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