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Hormel Foods Elects New Member to its Board of Directors

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Hormel Foods (NYSE: HRL) has elected Debbra Schoneman, president of Piper Sandler Companies, to its Board of Directors, effective September 21, 2024. Schoneman joins the Audit and Governance Committees of the board. With 34 years of experience at Piper Sandler, including roles as president and CFO, she brings extensive expertise in finance and corporate development.

Jim Snee, chairman, president, and CEO of Hormel Foods, expressed enthusiasm about Schoneman's addition to the board, highlighting her potential contribution to the company's ongoing transformation and growth. Schoneman's background includes board service in public, private, and philanthropic sectors, including her current roles on the Allina Health board and the University of St. Thomas board of trustees.

Hormel Foods (NYSE: HRL) ha eletto Debbra Schoneman, presidente di Piper Sandler Companies, nel suo Consiglio di Amministrazione, a partire dal 21 settembre 2024. Schoneman entra a far parte delle Commissioni di Audit e Governance del consiglio. Con 34 anni di esperienza in Piper Sandler, inclusi ruoli come presidente e CFO, porta con sé una vasta esperienza in finanza e sviluppo aziendale.

Jim Snee, presidente, CEO e chairman di Hormel Foods, ha espresso entusiasmo per l'ingresso di Schoneman nel consiglio, sottolineando il suo potenziale contributo alla trasformazione e alla crescita continua dell'azienda. Il background di Schoneman include la partecipazione a consigli in settori pubblici, privati e filantropici, comprese le sue attuali cariche nel consiglio di Allina Health e nel consiglio dei fiduciari dell'Università di St. Thomas.

Hormel Foods (NYSE: HRL) ha elegido a Debbra Schoneman, presidenta de Piper Sandler Companies, para su Junta Directiva, con efecto a partir del 21 de septiembre de 2024. Schoneman se une a las Comisiones de Auditoría y Gobernanza de la junta. Con 34 años de experiencia en Piper Sandler, incluidos roles como presidenta y CFO, aporta una amplia experiencia en finanzas y desarrollo corporativo.

Jim Snee, presidente, CEO y chairman de Hormel Foods, expresó su entusiasmo por la incorporación de Schoneman a la junta, destacando su potencial contribución a la transformación y crecimiento continuo de la empresa. El historial de Schoneman incluye servicios en juntas de sectores públicos, privados y filantrópicos, incluidas sus funciones actuales en la junta de Allina Health y la junta de fideicomisarios de la Universidad de St. Thomas.

Hormel Foods (NYSE: HRL)는 Debbra Schoneman을 Piper Sandler Companies의 회장으로 임명하여 2024년 9월 21일부터 이사회를 구성합니다. Schoneman은 이사회 감사 및 거버넌스 위원회에 합류하게 됩니다. Piper Sandler에서 34년의 경력을 보유한 그녀는 회장 및 CFO 역할을 포함하여 재무 및 기업 개발에 대한 광범위한 전문 지식을 제공합니다.

Hormel Foods의 회장, CEO인 Jim Snee는 Schoneman의 이사회 합류에 대해 기쁨을 표명하며, 그녀가 회사의 지속적인 변화와 성장에 기여할 잠재력을 강조했습니다. Schoneman의 경력에는 공공, 민간 및 사회 봉사 분야에서의 이사직이 포함되며, 현재 Allina Health 이사회 및 세인트 토마스 대학교 이사회의 역할을 맡고 있습니다.

Hormel Foods (NYSE: HRL) a élu Debbra Schoneman, présidente de Piper Sandler Companies, à son conseil d'administration, avec effet au 21 septembre 2024. Schoneman rejoint les Comités d'Audit et de Gouvernance du conseil. Forte de 34 ans d'expérience chez Piper Sandler, y compris des rôles en tant que présidente et CFO, elle apporte une vaste expertise en finance et développement d'entreprise.

Jim Snee, président, directeur général et président de Hormel Foods, a exprimé son enthousiasme quant à l'ajout de Schoneman au conseil, soulignant sa contribution potentielle à la transformation et à la croissance continue de l'entreprise. Le parcours de Schoneman comprend un service au sein de conseils dans les secteurs public, privé et philanthropique, y compris ses rôles actuels au conseil d'administration d'Allina Health et au conseil des trustees de l'Université de St. Thomas.

Hormel Foods (NYSE: HRL) hat Debbra Schoneman, Präsidentin von Piper Sandler Companies, mit Wirkung zum 21. September 2024 in seinen Vorstand berufen. Schoneman tritt den Prüf- und Governance-Ausschüssen des Vorstands bei. Mit 34 Jahren Erfahrung bei Piper Sandler, einschließlich Rollen als Präsidentin und CFO, bringt sie umfassende Expertise in Finanzen und Unternehmensentwicklung mit.

Jim Snee, Vorsitzender, Präsident und CEO von Hormel Foods, äußerte Begeisterung über Schonemans Aufnahme in den Vorstand und hob ihren potenziellen Beitrag zur fortlaufenden Transformation und zum Wachstum des Unternehmens hervor. Schonemans Hintergrund umfasst Dienstleistungen in Vorständen in öffentlichen, privaten und philanthropischen Sektoren, einschließlich ihrer aktuellen Rollen im Vorstand von Allina Health und im Vorstand der Treuhänder der Universität St. Thomas.

Positive
  • Addition of experienced finance and corporate development expert to the board
  • Potential for fresh perspectives to support company transformation and growth
  • Strengthened leadership with diverse board experience in multiple sectors
Negative
  • None.

AUSTIN, Minn., Sept. 23, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that Debbra Schoneman, president of Piper Sandler Companies, has been elected to the Hormel Foods Board of Directors, effective September 21, 2024.

"I am delighted to welcome Deb to the Hormel Foods board," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. "She has an impressive background and brings extensive expertise in finance and corporate development, which will be invaluable as we continue to transform, modernize and grow our company."

Schoneman joined the Audit and Governance Committees of the Hormel Foods Board of Directors.

Schoneman is president of Piper Sandler Companies (NYSE: PIPR), a leading investment bank and financial services company, where she manages the equities, fixed income and public finance businesses. She has been with the firm for 34 years, having served as president since 2018 and previously as chief financial officer from 2008 to 2017. 

Schoneman has a long history of board service in the public, private and philanthropic sectors. She is currently a director on the Allina Health board, a $5 billion healthcare system, having served as its chair for three years. She also is a member of the board of trustees for the University of St. Thomas, a private university in Minnesota. 

Schoneman holds a bachelor's degree from Minnesota State University, Mankato and a Master of Business Administration from the University of St. Thomas.

About Hormel Foods — Inspired People. Inspired Food.™ 

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue across more than 80 countries worldwide. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® 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 one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies, received a perfect score of 100 on the 2023–24 Corporate Equality Index 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 hormelfoods.com.

Contact:     

Media Relations


Hormel Foods


media@hormel.com

 

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SOURCE Hormel Foods Corporation

FAQ

Who is the new member of Hormel Foods' Board of Directors?

Debbra Schoneman, president of Piper Sandler Companies, has been elected to the Hormel Foods (HRL) Board of Directors, effective September 21, 2024.

What committees will Debbra Schoneman join on Hormel Foods' board?

Debbra Schoneman will join the Audit and Governance Committees of the Hormel Foods (HRL) Board of Directors.

What is Debbra Schoneman's professional background?

Debbra Schoneman is the president of Piper Sandler Companies, with 34 years of experience at the firm. She previously served as CFO from 2008 to 2017 and has been president since 2018.

How might Debbra Schoneman's expertise benefit Hormel Foods (HRL)?

Debbra Schoneman's extensive expertise in finance and corporate development is expected to be invaluable as Hormel Foods continues to transform, modernize, and grow the company.

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