Leadership & Pay ·
Hormel Foods Corporation entered into an International Assignment Letter with Swen Neufeldt, Group Vice President…
HRLHormel Foods Corp
Hormel Foods Corporation entered into an International Assignment Letter with Swen Neufeldt, Group Vice President, International, on June 9, 2026. Mr. Neufeldt will be assigned to the company's subsidiary, Hormel Foods Asia Pacific Pte. Ltd., in Singapore starting approximately July 27, 2026, for an indefinite term. He will maintain his current role and an annual base salary of $526,400, plus a $56,103 cost-of-living adjustment. The agreement includes various relocation benefits, such as a $20,000 relocation payment, a $25,000 household goods allowance, and a $90,566 annual housing allowance. Hormel Foods Corporation is a food company that produces and markets various branded consumer products.