Hormel Foods Corporation announced on August 8th that it will restructure with three operational segments:
- The Retail segment will include consumer brands including Jennie-O and will be supported by the “Brand Fuel” service group within the Company. Retail will be led by Deanna Brady who was previously responsible for the Refrigerated Foods segment.
- The Foodservice operating segment will interface with restaurants, hotels, healthcare and educational institutions and will be led by Mark Ourada.
- The International segment will expand Hormel activities outside the United States with an existing presence in China, Brazil and Indonesia and will extend partnerships in the Philippines, South Korea and in the EU. This segment will be led by Swen Neufelt.
The reorganization will be effective on October 31st and was developed to modernize the Hormel business and to improve the supply chain and E-commerce capability.