James P. Snee has been the CEO of Hormel Foods Corporation since 2016. His journey with Hormel started back in 1989, working in various roles all the way up to president and COO before taking the helm as CEO. With...
James P. Snee has been the CEO of Hormel Foods Corporation since 2016. His journey with Hormel started back in 1989, working in various roles all the way up to president and COO before taking the helm as CEO. With over three decades in the food industry, Snee's deep understanding of operations spans across many segments including Grocery Products and Refrigerated Foods. Under his leadership, Hormel Foods has focused on performance-based pay, tying executive compensation closely to metrics like EBIT and net sales. His total compensation in 2023 was approximately $1.18 million, mainly from salary and other benefits. Interestingly, his annual bonuses have not been substantial in recent years, showing a steady commitment to aligning with shareholder interests instead of just chasing big payouts. Beyond his financial strategies, Snee's insider trading also reflects significant stock movements, peaking at over $30 million in trades during 2023 alone. James holds no formal education details, but his extensive experience speaks volumes about his management and operational capabilities.