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Hormel Foods Announces the Advancement of Paul Kuehneman and Eldon Quam to Assistant Controllers

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Austin, Minn.

Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced the appointments of Paul Kuehneman and Eldon Quam to assistant controllers.

Kuehneman will lead all financial responsibilities for supply chain, Jennie-O Turkey Store and product costing, including financial analysis, management reporting and forecasting. Quam will oversee all financial operations for the Grocery Products and International segments, along with leading financial shared services, revenue and budgeting. They will both report to Jana Haynes, vice president and controller at Hormel Foods.

“Both Paul and Eldon bring expansive technical capabilities along with exceptional understanding of our company and its financial operations,” said Jana Haynes, vice president and controller at Hormel Foods. “I look forward to continuing to work with them both in their new roles.”

Kuehneman

Kuehneman currently holds the position of vice president and chief financial officer for Jennie-O Turkey Store, based out of the Jennie-O Corporate Office in Willmar, Minn. He joined the company in 1993 and held various accountant and controller roles at the company’s Austin, Minn., and Rochelle, Ill., food manufacturing facilities as well as the company’s Corporate Office in Austin, Minn. Before assuming his current position, he was the director of internal audit at Hormel Foods. Kuehneman earned his bachelor’s degree in accounting from Northwest Missouri State University and is a Certified Public Accountant (CPA).

Quam

Quam currently holds the position of finance lead for the company’s Oracle implementation, based out of the Corporate Office in Austin, Minn. He 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 to his current role in 2019. Quam earned his bachelor’s degree in accounting from Concordia College and is a Certified Management Accountant (CMA) and Certified Public Accountant (CPA).

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®, Hormel® Black Label®, Columbus® 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 on the “Global 2000 World’s Best Employers” list by Forbes magazine for three straight years, is one of Fortune magazine’s most admired companies, has appeared on Corporate Responsibility Magazine’s “The 100 Best Corporate Citizens” list for the 12th year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world’s most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com and https://csr.hormelfoods.com/.