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Hormel Foods Corporation (HRL)

51.32 Down 2.81(5.19%) 4:02PM EST
|After Hours : 51.60 Up 0.28 (0.55%) 6:07PM EST
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Hormel Foods Corporation
1 Hormel Place
Austin, MN 55912
United States - Map
Phone: 507-437-5611

Index Membership:N/A
Sector:Consumer Goods
Industry:Meat Products
Full Time Employees:20,200

Business Summary 

Hormel Foods Corporation processes, markets, and sells consumer-branded meat and food products. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. The Grocery Products segment offers shelf-stable food products, including canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, and tortilla chips in the retail market. The Refrigerated Foods segment provides branded and unbranded pork and beef products for retail, foodservice, and fresh product customers. The Jennie-O Turkey Store segment offers branded and unbranded turkey products for retail, foodservice, and fresh product customers. The Specialty Foods segment is involved in the packaging and sale of various sugar and sugar substitute products, salt and pepper products, liquid portion products, dessert mixes, ready-to-drink products, sports nutrition products, gelatin products, and private label canned meats to retail and foodservice customers. This segment also processes, markets, and sells nutritional food products and supplements to hospitals, nursing homes, and other marketers of nutritional products. The International and Other segment manufactures, markets, and sells its products internationally. Hormel Foods Corporation sells its products through sales personnel, as well as through independent brokers and distributors primarily in the United States, Australia, Canada, China, England, Japan, Mexico, Micronesia, the Philippines, and South Korea. The company was formerly known as George A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is based in Austin, Minnesota.

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Corporate Governance 
Hormel Foods Corporation’s ISS Governance QuickScore as of Nov 1, 2014 is 7. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 8; Compensation: 7.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Jeffrey M. Ettinger , 56
Chairman of The Board, Chief Exec. Officer and Pres
Ms. Jody H. Feragen , 58
Chief Financial Officer, Exec. VP and Director
Mr. Steven G. Binder , 57
Exec. VP and Pres of Hormel Bus. Unit
Mr. Glenn R. Leitch , 54
Group VP and Pres of Jennie-O Turkey Store Inc
Dr. Glenn S. Forbes M.D., 67
Director, Member of Governance Committee and Member of Contingency Committee
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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