Hormel Foods has appointed its current president John Ghingo as chief executive officer, effective 26 October, succeeding Jeff Ettinger who had served on an interim basis since last year. Ghingo, who joined the company in 2024 to lead retail before expanding his oversight to foodservice and international, will also remain a board member, while Ettinger will continue to hold a board seat. The leadership change follows Ettinger's tenure during which he maintained the 2026 sales revenue outlook at $12.2 billion to $12.5 billion and oversaw the sale of the whole-bird turkey business to Life-Science Innovations and the Brazil operations to Zanchetta Alimentos. Ghingo's prior experience includes executive roles at Mondelez International, WhiteWave Foods, and heading Hormel's Applegate Farms subsidiary from 2018 to 2022.
Hormel Foods CorporationCEO succession plan announced; no immediate financial or operational impact stated.
Mondelez International Inc