News in brief
Spam CEO named chairman
Snee has been president and CEO of Hormel Foods since 2015. Has been with the business for nearly 30 years and will remain CEO, despite being named the new chairman of the board.
As president, Hormel said Snee was “instrumental” in shaping the company’s mission to become a broader and more global food company. Entry into South America with the $104m takeover of Brazilian outfit Ceratti set this strategy in motion this year.
Former incumbent Jeffrey Ettinger had served on the company’s board of directors since 2004, and was chairman for more than a decade.
“We thank Jeff for his outstanding leadership of Hormel Foods,” said Snee in a press statement.
“During Jeff’s tenure, the company experienced significant growth and expansion through organic growth, strategic acquisitions and a continued focus on new product innovation.”
Minnesota-based Hormel Foods has been in business for over 125 years and its Spam product become a popular food for American soldiers during World War Two. Today, the company owns 30 global food brands including Skippy peanut butter.
