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Hormel Foods Announces the Advancement of James N. Sheehan to Executive Vice President and Chief Financial Officer

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Austin, Minn.

Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that James N. Sheehan has advanced to executive vice president and chief financial officer.

The advancement was effective January 29, 2019. Sheehan previously held the role of senior vice president and chief financial officer for the company. As executive vice president and chief financial officer for Hormel Foods, Sheehan oversees the company’s financial enterprise including accounting, information technology, internal audit, investor relations, corporate tax and treasury.

“With more than forty years of experience, Jim is highly regarded in the industry for his strategic financial leadership and his deep knowledge of the markets, industries and Hormel Foods businesses,” said Jim Snee, chairman of the board, president and chief executive officer, Hormel Foods. “He is focused on elevating Hormel Foods financial and technology systems to reflect the changing dynamics in the greater food industry and will be pivotal in accelerating our growth in the future. Congratulations to Jim on his well-deserved advancement.”

Sheehan’s career with Hormel Foods began in 1978 in accounting. Over the years, he held various management and leadership positions in accounting and finance for the company. In 1998, he became the president of Hormel Financial Services and a year later became treasurer. He advanced to vice president and controller in 2000. He was named chief accounting officer in May 2016 and assumed the role of senior vice president and chief financial officer in October 2016.

Sheehan is involved in numerous professional and nonprofit organizations. He holds a bachelor’s degree in business administration from Missouri Western State University and is a graduate of the Minnesota Executive Program at the Carlson School of Management at the University of Minnesota.

About Hormel Foods – Inspired People. Inspired Food.

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Columbus®, Wholly Guacamole®, Hormel® Black Label® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the tenth year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future – Inspired People. Inspired Food.™ – focusing on its legacy of innovation. For more information, visit www.hormelfoods.com and https://csr.hormelfoods.com/.