Hormel Foods Corporation (NYSE:HRL) today announced as a result of its
definitive agreement to acquire Applegate Farms, LLC, Steven J. Lykken
and Eldon O. Quam will assume leadership roles with Applegate, based in
Bridgewater, New Jersey. These advancements are contingent on the
official closing of the acquisition.
Lykken, senior vice president of commodity and supply chain at Jennie-O
Turkey Store (Willmar, Minn.), has been named the chief operating
officer of Applegate. This transition will be effective August 3, 2015.
Quam, director and business unit controller, Hormel Foods International
Corporation (HFIC), has been named the chief financial officer of
Applegate. This transition will be effective with the close of this
transaction.
“Congratulations to Steven and Eldon on their advancements,” said Thomas
R. Day, group vice president of Refrigerated Foods at Hormel Foods. “We
look forward to their continued leadership as we begin to enter the
natural and specialty retail segment. Applegate’s strategic fit will
serve as a growth catalyst and help us to deliver our key results for
the Refrigerated Foods group.”
“On behalf of the Applegate team, we would like to welcome Steven and
Eldon to the Applegate community,” said Kerry Collins, chief executive
officer at Applegate. “We look forward to working together to continue
to support the company’s mission and growth objectives in this dynamic
market segment!”
Additionally, Jennifer M. Ehresmann, director of marketing for retail
and deli at Jennie-O Turkey Store, will advance to the position of
senior vice president of commodity and supply chain at Jennie-O Turkey
Store.
“Jennifer has a proven track record of success in her time with Jennie-O
Turkey Store,” said Glenn R. Leitch, group vice president and president
of Jennie-O Turkey Store. “We congratulate her on this advancement and
look forward to her leadership.”
Ehresmann
Ehresmann began her career in 2001 as commodity
sales manager at Jennie-O Turkey Store. In 2002, she became manager of
export sales and then in 2005, became a product manager for deli at
Jennie-O Turkey Store. She advanced to senior product manager in 2006
and then director of marketing in the deli division in 2008. She assumed
her current role in 2010.
Lykken
Lykken began his career in 1992 in Grocery Products
as a sales representative in Salt Lake City, Utah. He held several
different sales roles and in 1996 became the Grocery Products brand
category development manager for ethnic foods at the Corporate Office
(Austin, Minn.). In 1997, he became a product manager in Grocery
Products and then in 1999, senior product manager. In 2001, he became a
group product manager in Grocery Products and moved to Jennie-O Turkey
Store in 2003 to become the senior vice president of the retail
division. He assumed his current role in 2011.
Quam
Quam began his career in 1998 as a staff accountant at
the Austin (Minn.) Plant office. The same year, he moved to the
Corporate Office and held several accounting positions. In 2001, he
became the manager of expense analysis and control. In 2002, he became
the controller of Hormel Health Labs and in 2003, became the controller
and treasurer of HFIC. He moved to the Austin Plant in 2007 to become
the manager of cost accounting and back to the Corporate Office in 2008
in the role of controller and treasurer of HFIC. He assumed his current
role in 2013.
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 branded, value-added products to the
global marketplace. The company is a member of the Standard & Poor's
(S&P) 500 Index, S&P 500 Dividend Aristocrats for 2014, was named the
2013 Sustainable Supply Chain of the Year by Refrigerated & Frozen Foods
magazine, and was again named one of “The 100 Best Corporate Citizens”
by Corporate Responsibility Magazine for the seventh year in a row.
Hormel Foods was also recognized as a 2015 Military Friendly Employer by
G.I. Jobs magazine, on the 2015 Best for Vets Employers List by Military
Times, and was named one of the 2015 40 Best Companies for Leaders by
Chief Executive 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 http://www.hormelfoods.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150617005950/en/
Copyright Business Wire 2015