Hormel Foods Corporation has appointed its current President, John F. Ghingo, as the company's next President and Chief Executive Officer, effective October 26, 2026. Ghingo, who has served as President since July 2025, will succeed Interim CEO Jeffrey M. Ettinger.
Key Details
- Appointment: John F. Ghingo will assume the role of President and CEO on October 26, 2026, and will continue to serve on the Board of Directors.
- Transition: Interim CEO Jeffrey M. Ettinger will conclude his service on October 25, 2026, and will remain a member of the Board.
- Compensation: Mr. Ghingo's new compensation package includes an initial annual base salary of $1.28 million, a short-term incentive target of 150% of base salary, and an annual long-term incentive target of $6.8 million.