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.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Hormel Foods CEOs

H

James P. Snee

CEO of Hormel Foods

Education

Not specified

Field of Expertise

Business & Management - Business Management

Sector of Economy

Consumer Defensive

Born

January 1, 1967 - 58 years ago

CEO of Hormel Foods for

8 years 7 months (Oct 2016 - Present)

Previous Experience

Various positions in the Company since 1989, including President and Chief Operating Officer

Rivals

Competitors/colleagues of James P. Snee

P

Robert V. Vitale

CEO of Post Holdings

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$1.95M

Other

$105.89K

Total Holdings

$248.85M

M

Alan D. Wilson

CEO of McCormick & Company, Incorporated

2023 Compensation

Stock

$0.00

Salary

$1.10M

Bonus

$0.00

Other

$138.99K

Total Holdings

$46.09M

M

Lawrence E. Kurzius

CEO of McCormick & Company, Incorporated

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$2.59M

Other

$160.78K

Total Holdings

$27.36M

T

Noel White

CEO of Tyson Foods

2023 Compensation

Stock

$300.00K

Salary

$1.20M

Bonus

$500.00K

Other

$200.00K

Total Holdings

$3.79M

T

Carlos Abrams-Rivera

CEO of The Kraft Heinz Company

2023 Compensation

Stock

$4.71M

Salary

$800.00K

Bonus

$2.26M

Other

$488.03K

Total Holdings

$19.28M

Holdings

See how much did James P. Snee make over time.

James P. Snee's stock holdings in Hormel Foods have seen significant fluctuations over the years. Notably, in 2023, his insider trading activity peaked dramatically, with trades amounting to approximately $30 million in value during multiple transactions. His highest activity occurred...

James P. Snee's stock holdings in Hormel Foods have seen significant fluctuations over the years. Notably, in 2023, his insider trading activity peaked dramatically, with trades amounting to approximately $30 million in value during multiple transactions. His highest activity occurred during early 2023, indicating a strategic engagement with equity as it increased in value. This activity contrasts with earlier years where his transactions were more modest, highlighting a time when he had considerably less wealth in stock - a clear sign of the growing confidence he has in the company. Tracking back to historical data, it is evident that his trading patterns have changed as Hormel's valuation has evolved, marking him as a keen observer of market conditions.

Mar 18, 2025

H

shares

HRL @ $29.94

R

shares

RSG @ $234.04

Total Stock Sold

$4.03M

HRL

$4.03M

111,056 HRL shares

What if they kept their stock?

If James P. Snee didn't sell their stock, today they would have:
Extra HRL111,056 shares worth $5.33M.
This is 32.14% and $1.30M more than what they got when they sold the stock.

Charitable Transactions

HRL

17,334 shares

HRL

Recent Charitable Transactions

HRL

2,307 shares

HRL

Dec 8, 2022

Charity

HRL

7,870 shares

HRL

Oct 30, 2022

Charity

HRL

7,157 shares

HRL

Dec 22, 2021

Charity

Insider Trading

See recent insider trades of James P. Snee.

HRL

67,568 shares

HRL

Feb 1, 2025

Received

HRL

64,809 shares

HRL

Feb 3, 2023

Received

HRL

44,112 shares

HRL

Feb 1, 2023

Received

HRL

$1.49M

HRL at $47.66/share

Dec 8, 2022

Sale

HRL

2,307 shares

HRL

Dec 8, 2022

Charity

HRL

7,870 shares

HRL

Oct 30, 2022

Charity

HRL

37,148 shares

HRL

Dec 22, 2021

Received

HRL

7,157 shares

HRL

Dec 22, 2021

Charity

HRL

35,700 shares

HRL

Feb 1, 2021

Received

HRL

34,262 shares

HRL

Feb 3, 2020

Received

Compensation History

See how much did James P. Snee make over time.

In 2023, James P. Snee received a total compensation of about $1.18 million, with most of it derived from his salary of around $1.03 million. Notably, he did not receive any bonuses or stock grants that year, reflecting a shift towards a more performance-driven compensation structure. This approach aligns with Hormel's philosophy of linking executive pay to financial performance metrics. Compared to previous years where his total compensation was significantly higher, peaking at over $10 million in 2022, 2023 shows a marked reduction, indicating a strategical shift towards sustainability and long-term value creation rather than immediate financial gain. This outcome suggests Snee is taking a more measured approach to compensation as he leads the firm through varying market conditions.

Year

2023

Total Compensation

$1.17M

Salary

$1.03M

Board Justification

The compensation philosophy emphasizes performance-based pay to align executive interests with shareholder value.

Bonus

$0.00

Board Justification

No bonus was reported for 2023.

Other

$134.50K

Board Justification

Other compensation includes contributions to retirement plans and perquisites.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023.

Performance Metrics

The performance metrics for 2023 included EBIT, Net Sales, and ESG initiatives.

Other Hormel Foods CEOs

Here are other CEOs of Hormel Foods

Jeffrey M. Ettinger

Ex-CEO of Hormel Foods

January 2006 - October 2016