Hormel names next CEO as its turnaround plan continues

Hormel Foods, the company responsible for brands like Spam and Skippy peanut butter, has appointed industry veteran and insider John Ghingo as its next CEO. Ghingo is scheduled to lead the company starting in October. This leadership transition occurs as the Austin, Minnesota-based firm continues to implement its strategic turnaround plan to improve business performance and ensure future growth within the competitive food industry through experienced executive management.