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Hormel Foods International Corporation Announces President for Asia-Pacific Region

Don Gadsden
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December 19, 2016

Austin, Minn.

Hormel Foods International Corporation, a division of Hormel Foods Corporation (NYSE: HRL) today announced that Don Gadsden, who has significant multinational leadership and strategic experience, will assume the position of president of Asia- Pacific, Hormel Foods International Corporation.

This appointment is a result of the previous announcement of Swen Neufeldt’s transition to vice president of meat products marketing.

“Don brings a wealth of knowledge and experience in the Asia-Pacific region to the Hormel Foods International team and we look forward to his leadership,” said Larry Vorpahl, President of Hormel Foods International Corporation. “The Asia-Pacific region continues to be the growth engine for us and we fully expect Don to accelerate our performance through organic growth and M&A opportunities.”

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®, 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 eighth 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 http://2015csr.hormelfoods.com/.

Gadsden

Gadsden brings more than 30 years of experience growing businesses across the Asia-Pacific region, including Australia. He is a former CEO and CFO of Asia-Pacific for large multinational companies including Heinz, Electrolux, Danone and the Sara Lee Corporation. Gadsden’s most recent position was director/advisor for PwC Consulting. His leadership experience spans across strategy, board management, governance, international expansions and offshore operations. He is renowned by the industry and his peers for identifying market opportunities, restructuring and transforming multinational and multicultural complex businesses, building brands for profit growth and market share, and new market expansions.