Hormel Foods Distributes Annual Profit Sharing
“Our record year in net sales and earnings is a testament to our hard working and dedicated employees,” said Jeffrey M. Ettinger, chairman of the board, president and chief executive officer at Hormel Foods. “We are honored to be able to once again provide this benefit to our employees in recognition of their tireless efforts to drive our business forward.”
Hormel Foods, a multinational marketer of consumer-branded food and meat products, continues to be among an elite group in the industry for retaining its profit sharing plan. The program was started by Jay C. Hormel in 1938 and is voluntarily paid at the discretion of the company’s Board of Directors.