Leadership & Pay ·
Hormel Foods Corporation appointed John F. Ghingo as President and Chief Executive Officer, effective October 26, 2026
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.