After lowering profit expectations, the management of Hormel Foods (HRL.US) adjusted: former CEO returns to helm for 15 months.

Intelligent Finance and Economics APP learned that Hormel Foods Corporation (HRL.US) announced on Monday that former CEO Jeffrey Ettinger will take over the company again starting from July 14th for a term of 15 months. The 66-year-old Ettinger served as CEO from 2005 to 2016 and will take over from the current 57-year-old CEO and President James Snee, who announced his retirement in January.