Leadership & Pay ·
Hormel appoints John Ghingo as CEO with $1.28M base salary and $6.8M incentive target
HRLHormel Foods Corp
Hormel Foods Corporation appointed John F. Ghingo as President and Chief Executive Officer, effective October 26, 2026. Ghingo, currently President and a Board member, succeeds Jeffrey M. Ettinger, whose service as Interim CEO concludes on October 25, 2026. The Board approved Ghingo's annual base salary increase to $1.2 million and a short-term incentive target of 150% of base salary. As CEO, Ghingo will receive a $1.28 million base salary, a $6.8 million annual long-term incentive target, and severance benefits equal to two times his base salary. Hormel Foods Corporation operates in the consumer-packaged foods industry, producing and distributing a wide range of meat and food products.