Hormel VPs Mark Morey, Paul Peil to Retire After Decades of Service

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Hormel Foods announced that Mark Morey, vice president of operations for fresh pork who joined the company in 1993, and Paul Peil, vice president of marketing for fresh and ready meats with a 36-year tenure, will retire. Their departures remove two long-tenured leaders instrumental in guiding Hormel’s fresh pork and ready meats divisions under interim CEO Jeff Ettinger.

1. Hormel Foods Schedules 2026 Annual Stockholders’ Meeting

Hormel Foods Corporation will convene its 2026 Annual Meeting of Stockholders at 6 p.m. CST on January 27, 2026, in the Richard L. Knowlton Auditorium at Austin High School (300 NW 4th Street, Austin, Minnesota). The meeting is open to all record and beneficial owners of common stock as of the close of business on November 28, 2025. Doors open at 5 p.m. CST, with expedited check-in available for those who pre-register by January 22. Attendees must present government-issued photo identification and proof of ownership—bank or broker statements alone will not suffice. Following formal business, a pre-submitted question-and-answer session will be held; questions may be submitted through proxyvote.com by 10:59 p.m. CST on January 26 using a valid 16-digit control number. A recording will be posted on the company’s investor website after the meeting.

2. Leadership Retirements Signal Transition in Fresh Pork and Meats Divisions

Hormel Foods announced that Mark Morey, vice president of operations for fresh pork, and Paul Peil, vice president of marketing for fresh and ready meats, will retire after combined tenures exceeding 65 years. Morey joined the company in 1993, held leadership roles including president of Farmer John, and assumed his current position in 2023. Peil began in 1989, advanced through national accounts and retail sales leadership, and most recently oversaw fresh pork, Jennie-O, Cure 81, and the deli category. Interim CEO Jeff Ettinger praised their customer-focus, operational discipline and strategic marketing contributions. Investors should monitor succession announcements, as appointments to these key roles may influence execution in two of Hormel’s core growth segments.

Sources

PP