Hormel Foods Recognized as one of the 2014 Best Companies for Leaders
AUSTIN, Minn. | January 22, 2014
Hormel Foods Corporation (NYSE: HRL) today announced it was ranked No. 9 on the 2014 Best Companies for Leaders list by Chief Executive magazine. This is the first time Hormel Foods has received this recognition.
Chief Executive magazine compiles the list each year to identify companies that excel in leadership development. Criteria included having a formal leadership process in place, the depth of the leadership funnel (as measured by the percentage of senior management and middle management positions filled by internal candidates), and the company’s performance.
“It is an honor to be recognized on the 2014 Best Companies for Leaders list for our leadership development practices,” said Jeffrey M. Ettinger, chairman of the board, president and chief executive officer. “Our promote-from-within culture allows us to maintain our talented team of employees and achieve outstanding results.”
The final top 40 ranking consists of public companies with more than $1 billion in revenue. Check out the full article.
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 branded, value-added products to the global marketplace. The company is a member of the Standard & Poor's (S&P) 500 Index, S&P Dividend Aristocrats for 2012, Maplecroft Climate Innovation Indexes, Global 1000 Sustainable Performance Leaders and was again named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the fifth year in a row. Hormel Foods debuted on the G.I. Jobs magazine list of America’s Top 100 Military Friendly Employers in 2012. 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
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