Ettinger to retire as CEO at Hormel Foods effective Oct. 30
AUSTIN — Jeffrey Ettinger will retire from his post as chief executive officer of Hormel Foods effective Oct. 30, the company announced Tuesday.
"It has been an honor to lead this great company alongside our dedicated employees around the world," Ettinger said in a press release. "Hormel Foods has a 125-year legacy of delivering quality and innovation, as well as meaningful value to all of our stakeholders."
Ettinger will be replaced by James Snee, who currently serves as company president and chief operating officer. Snee, who was selected by the Hormel Foods board of directors, will take over the CEO spot on Oct. 31. "As Jim takes the helm, I am confident that Hormel Foods will continue its growth trajectory as he and the team build on our strong foundation of success," Ettinger said, who will continue as chairman of the board for Hormel Foods.
Ettinger served as Hormel Foods' CEO, president and chairman of the board from November 2006 to October 2015 when Snee took over the position as president along with his responsibilities as COO, according to a Hormel Foods press release.
Hired in 1989, Ettinger became president of Jennie-O Turkey Store, Hormel Foods' largest subsidiary, and was named Hormel Foods president in 2004. That same year he began serving on the Hormel Foods board of directors. He currently serves on the boards of The Toro Company, Ecolab, Inc., North American Meat Institute, Grocery Manufacturers Association, The Hormel Foundation, The Hormel Institute and the Minnesota Business Partnership, according to the company.
Hormel Foods has grown during Ettinger's tenure of leadership, earning him praise both within the company and recognition nationally.
"Jeff has expertly piloted the company to significant growth and success during his tenure, leading a talented management team in the delivery of strong and consistent returns to Hormel Foods shareholders," said John L. Morrison, the board's lead director. "Under his leadership, the company added to an outstanding portfolio of brands through numerous strategic acquisitions."
In 2016, Ettinger was named as one of the 30 World's Best CEOs by Barron's. In 2012, he was named Responsible CEO of the Year by Corporate Responsibility magazine, according to a Hormel Foods press release. In addition, Ettinger is the founding chair of the company's diversity and inclusion council.