Hormel Foods Appoints Pierre Lilly Senior Vice President and Chief Compliance Officer

Rhea-AI Summary

Hormel Foods Corporation has appointed Pierre Lilly as the new senior vice president and chief compliance officer, effective immediately. Lilly, who has been with Hormel since 2016, previously led the internal audit function and has over 25 years of experience in governance, risk, and compliance. He will oversee compliance, risk, and ethics, ensuring adherence to laws and regulations globally. This strategic move aims to reinforce Hormel's commitment to integrity and compliance as the company continues to generate over $9 billion in annual revenue.

Positive

• Appointment of Pierre Lilly as chief compliance officer expected to strengthen compliance program.
• Lilly's extensive experience in governance and risk management enhances leadership.
• Continued commitment to integrity and compliance aligns with company's operational standards.

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• None.

AUSTIN, Minn., Oct. 20, 2020 /PRNewswire/ -- Global branded food company Hormel Foods Corporation (NYSE:HRL) today announced the appointment of Pierre Lilly as senior vice president and chief compliance officer for the company's worldwide operations.

As chief compliance officer, Lilly will be responsible for overseeing compliance, risk and ethics within the organization, and ensuring compliance with laws, regulatory requirements, policies and procedures. Lilly will report to Jim Snee, chairman of the board, president and chief executive officer.

"Hormel Foods has long been committed to conducting our business with the highest level of integrity and in full compliance with the laws and regulations that govern our operations around the globe," Snee said. "Pierre's qualifications, along with his proven track record of leadership within Hormel Foods, make him the ideal person to take on this new role. Pierre has extensive experience leading internal audit and compliance, and I am confident that he will be successful in leading our comprehensive companywide compliance program."

Most recently, Lilly led the Hormel Foods internal audit function with oversight responsibilities for the evaluation of operational and financial processes and controls. Additionally, he has developed and led strategic compliance activities within the organization.

Lilly joined Hormel Foods in 2016 as director of internal audit with more than 25 years' experience in the areas of governance, risk and controls, having held various positions within the compliance field. Prior to Hormel Foods, Lilly held audit and compliance leadership positions with National Express Corporation and Navistar International, along with audit roles at several other Fortune 500 companies. He began his career in public accounting at Grant Thornton.

Lilly received his bachelor's degree in accounting from Langston University. He is a Certified Public Accountant as well as a Certified Fraud Examiner. He is also a member of the Institute of Internal Auditors and the American Institute of Certified Public Accountants.

About Hormel Foods — Inspired People. Inspired Food.™

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. Its brands include SKIPPY^®, SPAM^®, Hormel^® Natural Choice^®, Applegate^®, Justin's^®, Wholly^®, Hormel^® Black Label^®, Columbus^® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the "Global 2000 World's Best Employers" list by Forbes magazine for three straight years, is one of Fortune magazine's most admired companies, has appeared on Corporate Responsibility Magazine's "The 100 Best Corporate Citizens" list for 12 years in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com.

Contact:
Rick Williamson
507-434-6352
media@hormel.com

 

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SOURCE Hormel Foods Corporation

FAQ

What is the significance of Pierre Lilly's appointment at Hormel Foods?

Pierre Lilly's appointment as chief compliance officer strengthens Hormel Foods' commitment to compliance and ethical business practices, ensuring adherence to regulatory standards.

When was Pierre Lilly appointed as chief compliance officer of Hormel Foods?

Pierre Lilly was appointed as senior vice president and chief compliance officer on October 20, 2020.

What are Pierre Lilly's responsibilities at Hormel Foods?

As chief compliance officer, Lilly is responsible for overseeing compliance, risk, and ethics within Hormel Foods, ensuring compliance with laws and regulations worldwide.

What experience does Pierre Lilly bring to Hormel Foods?

Lilly has over 25 years of experience in governance, risk, and controls, most recently leading Hormel Foods' internal audit function and has held similar leadership roles in other companies.