Hormel Foods Announces Executive Retirement, Advancement
AUSTIN, Minn. | September 29, 2010
Hormel Foods Corporation (NYSE: HRL) today announced the retirement of James W. Cavanaugh, senior vice president of external affairs and general counsel, effective Jan. 30, 2011.
“Jim’s leadership and expertise in managing the company through regulatory and policy-making changes has been significant to the company’s long-term success,” said Jeffrey M. Ettinger, chairman of the board, president and chief executive officer at Hormel Foods. “He has been at the forefront on managing risk for the company on a daily basis, protecting the company’s intellectual property and overseeing all acquisitions, contracts, litigations and changes to corporate governance. We wish Jim and his wife, Annie, the best in retirement.”
Cavanaugh spent his 29-year career with the company in law. He started at Hormel Foods in 1982 as associate corporate attorney and spent the first 20 years of his career advancing through the law department as a labor specialist and corporate attorney. In 2001, he was named corporate secretary and senior attorney. He was promoted to his current position of general counsel and senior vice president of external affairs in 2005, and served as corporate secretary until 2007.
Lori J. Marco will succeed Cavanaugh as vice president of external affairs and general counsel. She will oversee law, corporate communications and legislative and regulatory affairs.
Marco started her career at Hormel Foods in 2004 as a corporate attorney and was named senior attorney in 2007. Marco is a member of the Minnesota State Bar Association, American Intellectual Property Law Association and Minnesota Intellectual Property Law Association.
About Hormel Foods
Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality, value-added brands to the global marketplace. The company is a member of the Standard & Poor’s 500 Index, Dow Jones Sustainability World Index and was named one of “The 100 Most Trustworthy Companies” by Forbes in 2010. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit http://www.hormelfoods.com