Hormel Foods Corporation (NYSE: HRL) today announced that it was named to the 2016 Best Companies for Leaders list by Chief Executive magazine for the third consecutive year, coming in at No. 20.
Chief Executive compiles the list each year to identify companies that excel in leadership development. Rankings are affected by a company’s reputation among its peers as a source for well-rounded talent. The percentage of senior management recruited from internal talent pools is another criterion.
“We are honored to be recognized as one of the best companies for leaders for our leadership development initiatives,” said Larry C. Lyons, senior vice president of human resources at Hormel Foods. “We are widely known for our strong management team, and are very proud of our promote-from-within culture and effective leadership development processes.”
The final top-40 ranking consists of public companies with over $1 billion in revenue. The complete 2016 Best Companies for Leaders list can be found at http://chiefexecutive.net/2016-best-companies-for-leaders/.
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. Hormel Foods, which 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, will celebrate its 125th anniversary in 2016. The company is a member of the Standard & Poor's (S&P) 500 Index, S&P 500 Dividend Aristocrats, and was named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the seventh year in a row. Hormel Foods also received a perfect score on the 2016 Human Rights Campaign Corporate Equality Index, was recognized on the 2015 Best for Vets Employers List by Military Times, and was named one of the 2015 40 Best Companies for Leaders by Chief Executive magazine. 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 and http://2014csr.hormelfoods.com/.