Hormel Foods has appointed Ash Bhumbla as its new Executive Vice President and Chief Financial Officer, effective September 8, 2026. Mr. Bhumbla joins the company from Tyson Foods and will succeed Interim CFO Paul R. Kuehneman, who will continue to serve as Vice President and Controller.
Key Details
- Appointment: Ash Bhumbla will assume the role of Executive Vice President and Chief Financial Officer on September 8, 2026.
- Compensation Package: Mr. Bhumbla's annual compensation includes a $700,000 base salary, a target annual bonus equal to 100% of his base salary, and an annual long-term incentive target of $2.1 million.
- Sign-On Awards: He will receive a one-time cash sign-on bonus of $700,000 and a one-time restricted stock unit award valued at $1.2 million to compensate for forfeited awards from his prior employer.
- Executive Background: Mr. Bhumbla most recently served as Senior Vice President and Chief Financial Officer for the Chicken segment at Tyson Foods, Inc. from September 2023 to August 2026.