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Press release from Business Wire

Hormel Foods CEO Recognized as Executive of the Year at the 2010 American Business Awards

Thursday, July 01, 2010

Hormel Foods CEO Recognized as Executive of the Year at the 2010 American Business Awards08:00 EDT Thursday, July 01, 2010 AUSTIN, Minn. (Business Wire) -- Hormel Foods Corporation (NYSE: HRL) today announced that Jeffrey M. Ettinger, chairman of the board, president and chief executive officer at Hormel Foods, was recognized as Executive of the Year – Manufacturing at the 2010 American Business Awards. The American Business Awards, now in its eighth year, is the only national, all-encompassing awards program honoring great performances in the workplace. Winners were announced in New York City on June 21. More than 2,700 entries were submitted for the 2010 American Business Awards and more than 200 executives nationwide participated in judging. Ettinger was selected as Executive of the Year – Manufacturing for his strong leadership at Hormel Foods during 2009, a year characterized by economic turbulence and instability. During this time, under Ettinger's leadership, Hormel Foods thrived. The company grew through continued new product innovations and the creation of a joint venture to market Mexican Foods in the United States, MegaMex Foods. In fact, in 2009, Hormel Foods continued to increase dividends and was added to Standard & Poor's 500 index, despite the turbulent market. Ettinger was also instrumental in helping set a new standard of leadership in the industry for transparency and sustainability. In 2009, Hormel Foods launched its first fully digital corporate responsibility report and constructed a new manufacturing facility in Dubuque, Iowa, that is designed to save substantially on energy and water. The facility is expected to meet Leadership in Energy and Environmental Design (LEED) certification requirements which will make it one of the first manufacturing plants — and the only refrigerated food processing facility — to be LEED certified at any level. Having joined Hormel Foods in 1989, Ettinger has held multiple positions at the company. He has served as a senior attorney, treasurer and Hormel® chili product manager. In 1999, Ettinger was named president of Jennie-O Turkey Store — the largest subsidiary of Hormel Foods, based in Willmar, Minn. Ettinger was appointed president at Hormel Foods in 2004 and CEO in 2006, where he oversees all functions and operations at the $6.75 billion multinational business. Hormel Foods has a long history of great leaders, beginning with founder George A. Hormel, whose 150th ‘birthday' will be celebrated on December 4 of this year. In its 119 years, Hormel Foods has had only nine CEOs, including Ettinger, which speaks to the stability of the company. About the Stevie AwardsStevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.stevieawards.com. About Hormel FoodsHormel 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. Hormel Foods was named one of “The 400 Best Big Companies in America” by Forbes magazine for 10 consecutive years. 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 http://www.hormelfoods.com.