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Hormel Foods Announces Advancement

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Austin, Minn.

Hormel Foods Corporation (NYSE: HRL) today announced the advancement of James T. Anderson to assistant controller, effective immediately.

“Jim has an exceptional understanding of our company’s financial operations gained through more than 30 years of experience with the company,” said Jody H. Feragen, senior vice president and chief financial officer at Hormel Foods.

Anderson will continue his responsibilities leading financial reporting, financial shared services, financial consolidation, payroll, fixed asset accounting and budgeting. He will continue to report to James N. Sheehan, vice president and controller at Hormel Foods.

Anderson started his career with Hormel Foods in 1977 as an accountant at the Fremont (Neb.) Plant and moved to Ottumwa, Iowa, as an accountant within the year. During his tenure at Ottumwa, he held a number of management positions before assuming the role as office manager in San Francisco, Calif., in 1984. In the fall of 1984, he started as the office manager in Los Angeles, Calif. He moved to the Hormel Foods Corporate Office in Austin, Minn., in 1988 and assumed the role as supervisor of internal auditing. He was promoted to corporate manager of credit and claims in 2000, and to his current position as director of general accounting at the Corporate Office in 2001.

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About Hormel Foods

Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality, value-added brands to the global marketplace. The company is a member of the Standard & Poor’s 500 Index, and in each of the past 10 years, Hormel Foods was named one of “The 400 Best Big Companies in America” by Forbes magazine. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit https://www.hormelfoods.com.