Hormel Foods Appoints Jeff Ettinger to Board of Directors
Hormel Foods (NYSE: HRL) has announced the re-appointment of Jeffrey M. Ettinger to its Board of Directors, effective March 21, 2025. Ettinger, currently chairman of The Hormel Foundation, previously served on the board and spent nearly 30 years with the company, including his role as president and CEO until his retirement in 2016.
The Hormel Foundation, an unaffiliated non-profit organization, holds approximately 46% of Hormel Foods outstanding common stock. Ettinger will serve on the board's Governance Committee and CEO Search Committee. The appointment strengthens the company's ties with The Hormel Foundation, which was established over 80 years ago by company founders George A. Hormel and his son Jay.
Hormel Foods (NYSE: HRL) ha annunciato il rinnovo della nomina di Jeffrey M. Ettinger nel suo Consiglio di Amministrazione, con effetto dal 21 marzo 2025. Ettinger, attualmente presidente della Fondazione Hormel, ha già fatto parte del consiglio e ha trascorso quasi 30 anni in azienda, incluso il suo ruolo di presidente e CEO fino al suo pensionamento nel 2016.
La Fondazione Hormel, un'organizzazione no-profit non affiliata, detiene circa il 46% delle azioni ordinarie di Hormel Foods. Ettinger farà parte del Comitato di Governance e del Comitato per la Ricerca del CEO. La nomina rafforza i legami dell'azienda con la Fondazione Hormel, che è stata fondata oltre 80 anni fa dai fondatori dell'azienda George A. Hormel e suo figlio Jay.
Hormel Foods (NYSE: HRL) ha anunciado la re-nominación de Jeffrey M. Ettinger a su Junta Directiva, efectiva a partir del 21 de marzo de 2025. Ettinger, actualmente presidente de la Fundación Hormel, anteriormente formó parte de la junta y pasó casi 30 años en la empresa, incluyendo su papel como presidente y CEO hasta su jubilación en 2016.
La Fundación Hormel, una organización sin fines de lucro no afiliada, posee aproximadamente el 46% de las acciones ordinarias de Hormel Foods. Ettinger formará parte del Comité de Gobernanza y del Comité de Búsqueda de CEO. La designación refuerza los lazos de la empresa con la Fundación Hormel, que fue establecida hace más de 80 años por los fundadores de la empresa George A. Hormel y su hijo Jay.
Hormel Foods (NYSE: HRL)는 Jeffrey M. Ettinger를 이사회의 재임명한다고 발표했습니다. 이는 2025년 3월 21일부터 효력이 발생합니다. Ettinger는 현재 Hormel 재단의 의장이며, 이전에 이사회에서 활동했으며, 2016년 은퇴할 때까지 회사에서 거의 30년을 보냈습니다.
Hormel 재단은 비영리 독립 기관으로, Hormel Foods의 보통주 약 46%를 보유하고 있습니다. Ettinger는 이사회의 거버넌스 위원회와 CEO 검색 위원회에서 활동할 것입니다. 이번 임명은 회사의 창립자인 George A. Hormel과 그의 아들 Jay가 80년 이상 전에 설립한 Hormel 재단과의 유대를 강화합니다.
Hormel Foods (NYSE: HRL) a annoncé la rénomination de Jeffrey M. Ettinger au sein de son Conseil d'Administration, effective à partir du 21 mars 2025. Ettinger, actuellement président de la Fondation Hormel, a précédemment siégé au conseil et a passé près de 30 ans au sein de l'entreprise, y compris son rôle de président et PDG jusqu'à sa retraite en 2016.
La Fondation Hormel, une organisation à but non lucratif non affiliée, détient environ 46 % des actions ordinaires de Hormel Foods. Ettinger siégera au Comité de Gouvernance et au Comité de Recherche de PDG. La nomination renforce les liens de l'entreprise avec la Fondation Hormel, qui a été créée il y a plus de 80 ans par les fondateurs de l'entreprise, George A. Hormel et son fils Jay.
Hormel Foods (NYSE: HRL) hat die Wiederernennung von Jeffrey M. Ettinger in seinen Vorstand bekannt gegeben, die am 21. März 2025 wirksam wird. Ettinger, der derzeit Vorsitzender der Hormel-Stiftung ist, war zuvor im Vorstand und verbrachte fast 30 Jahre im Unternehmen, einschließlich seiner Rolle als Präsident und CEO bis zu seiner Pensionierung im Jahr 2016.
Die Hormel-Stiftung, eine nicht angeschlossene gemeinnützige Organisation, hält etwa 46% der ausstehenden Stammaktien von Hormel Foods. Ettinger wird im Governance-Ausschuss und im CEO-Such-Ausschuss des Vorstands tätig sein. Die Ernennung stärkt die Verbindungen des Unternehmens zur Hormel-Stiftung, die vor über 80 Jahren von den Unternehmensgründern George A. Hormel und seinem Sohn Jay gegründet wurde.
- Re-appointment of experienced former CEO to the board
- Strong connection with major shareholder (46% ownership)
- Addition to CEO Search Committee indicates active role in leadership transition
- Ongoing CEO search suggests current leadership uncertainty
"We are happy to welcome Jeff Ettinger back to the Hormel Foods Board of Directors," said Bill Newlands, chairman of the Hormel Foods board. "During his tenure with the company and as chairman for our largest shareholder, Jeff has demonstrated a steadfast commitment to supporting Hormel Foods, our shareholders, and our hometown of
"Returning to the Hormel Foods Board of Directors is a privilege and honor," Ettinger said. "I look forward to representing The Hormel Foundation and all shareholders while working with the board and management to help shape the next chapter of growth for Hormel Foods, rooted in our
Ettinger will join the board's Governance Committee and CEO Search Committee.
About Jeff Ettinger
Ettinger currently is chairman of The Hormel Foundation, one of
Ettinger is also an experienced independent public company director, previously serving on the boards of The Toro Company and Ecolab Inc., including serving as Ecolab's lead director for nearly six years.
Ettinger holds a Bachelor of Arts degree and a Juris Doctor from the University of
About Hormel Foods – Inspired People. Inspired Food.™
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SOURCE Hormel Foods Corporation
FAQ
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