As assistant controller at Hormel Foods, Eldon Quam oversee all financial operations for the Grocery Products and International segments, along with leading financial shared services, revenue and budgeting. Hormel Foods is a global branded food company with over $12 billion in annual revenue across more than 75 countries worldwide. Hormel Foods is a member of the S&P 500 Index and has been designated a S&P 500 Dividend King. Its brands include Planters®, SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Columbus®, WHOLLY® Guacamole, Hormel® Black Label® and more than 30 other beloved brands. The company has been named on the “Global 2000 World’s Best Employers” list by Forbes magazine for three straight years, is one of Fortune magazine’s most admired food companies, has appeared on Corporate Responsibility Magazine’s “The 100 Best Corporate Citizens” list and was named one of America’s Most Responsible Companies by Newsweek, among other awards and accolades for its corporate responsibility and community service efforts.
Quam joined the company in 1998 and held various accountant, auditor and controller roles at the Corporate Office and the company’s Austin, Minn., food manufacturing facility. He held the roles of chief financial officer for the company’s Applegate business in Bridgewater, N.J., and director of SEC compliance for the company before being named finance lead for the company’s Oracle implementation in 2019. Quam assumed his current role in 2020.
A Minnesota native, Quam grew up on a farm that has been in the family for over 100 years. He earned his bachelor’s degree in accounting from Concordia College (Moorhead, Minn.) and is a Certified Management Accountant (CMA) and Certified Public Accountant (CPA-inactive). Quam has served on the Accentra Credit Union Supervisory Committee, helped canvas for the United Way at the Hormel Foods Corporate Office, has been an active member on the Finance Committee at Zion Lutheran Church, and has volunteered his time coaching numerous youth sports.
Eldon and his wife, Lisa, have three children.
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