Hormel Foods Announces Executive Retirements and Advancements
Tuesday, September 23, 2008 7:32 AM
Symbols: HRL

Retirees have combined service of more than 185 years

Hormel Foods Corporation (NYSE: HRL) today announced the retirements of Gary J. Ray, president of protein business units, and Russell C. Potter, vice president of operations for the company’s grocery products division, effective Dec. 31, 2008.

“Gary’s commitment to the company, its employees and the city of Austin are unrivaled,” said Jeffrey M. Ettinger, chairman of the board, president and chief executive officer. “His leadership has contributed to the company’s record of success and ensures the company will continue on this path. Gary’s expertise has been integral in taking the refrigerated foods segment to its position as Hormel Foods’ largest and most profitable business segment. Gary will continue as a member of the board of directors. We wish Gary and his wife, Pat, the best in retirement.”

Ray’s career has spanned four decades where he has overseen operations for the grocery products division, manufacturing operations for the entire company, marketing and sales functions for retail and fresh pork, processed pork and foodservice sales and marketing, in addition to hog procurement and refrigerated processing.

Following Ray’s retirement, Steven G. Binder, refrigerated foods’ group vice president, and Michael D. Tolbert, president of Jennie-O Turkey Store, will report to Ettinger.

James P. Snee has been named vice president of affiliated business units for the refrigerated foods segment, including Farmer John, Burke, Dan’s Prize, Saag’s and Precept Foods, effective Oct. 27, 2008, and will report to Binder. This newly-created position will provide leveraged support to the refrigerated foods operating segment.

Snee started with Hormel Foods in 1989 in the foodservice division of the company and served in various positions in foodservice for six years. In 1995, Snee was named the manager of inventory and distribution for the refrigerated products segment. In 1996, Snee moved to Lebanon, N.J., as the foodservice area manager and, in 1998, he moved back to the corporate office as foodservice regional sales manager. In 2006, he was named to his current position of director of purchasing.

Melanie A. Faust will succeed Snee as director of purchasing, effective Oct. 27, 2008. She will oversee the purchasing decisions for the entire company.

Faust started with Hormel Foods in 1995 at the Austin, Minn., Plant where she held a number of supervisory positions. In 1998, she became associate buyer for the corporate purchasing group and was named buyer for the corporate purchasing group in 2000. In 2002, she was promoted to purchasing manager at the Austin Plant and, in 2007, she was named corporate manager for purchasing applications.

Russell C. Potter, vice president of operations for grocery products, has also announced his retirement effective Dec. 31, 2008.

The majority of Potter’s 33-year career has been spent in the grocery products division in Hormel Foods’ production facilities where he has worked as foreman, superintendent, product manufacturing manager as well as plant manager at the Stockton, Calif., Plant and the Beloit, Ill., Plant.

“Russ has been influential in the company’s continued expansion of our grocery products division,” Ettinger said.


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