Promotions for Hormel execs post Applegate deal
We end our gallery at Hormel Foods, which has just unveiled plans to spend $775m to buy Applegate, the #1 brand in the natural and organic value-added prepared meats category, and run it as a standalone subsidiary within its Refrigerated Foods division in Bridgewater, New Jersey.
Assuming the deal goes through, Steven J Lykken, senior vice president of commodity and supply chain at Jennie-O Turkey Store, will be named chief operating officer of Applegate effective August 3, 2015; while Eldon O Quam, director and business unit controller, Hormel Foods International Corporation, will be named chief financial officer of Applegate.