Hormel Foods named James Snee president and chief operating officer effective Oct. 26 and appointed him to the board of directors. Snee succeeds Jeffrey Ettinger, who has been president since 2004. Ettinger will continue to serve as company chairman and chief executive. Snee, who joined the company in 1989, will oversee all business segments and global operations including specialty foods and Jennie-O Turkey Store. Ettinger will head administrative functions including finance, supply chain and research and development. Hormel stock is up 27.4% for the year so far. The S&P is down 1.3% for the same period.
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