Hormel Foods Corporation announced that Jody H. Feragen will retire as executive vice president and chief financial officer, and as a member of the Board of Directors, effective October 30, 2016. The Board of Directors elected James N. Sheehan to be the company's next senior vice president and chief financial officer, effective October 31, 2016. Sheehan was most recently elected as vice president and chief accounting officer for the company.
For the last decade, Feragen led all financial areas of Hormel Foods Corporation including accounting, information technology, internal audit, investor relations and treasury. She joined Hormel Foods in 2000 as treasurer, assuming the title of vice president and treasurer in 2001. She was promoted to vice president of finance and treasurer in 2005 and was named senior vice president and CFO in 2007. She was promoted to executive vice president and CFO in 2010. Feragen has served on the Hormel Foods Board of Directors since 2007, and currently on the boards of Patterson Companies Inc., Graco, Inc. and the University of North Dakota Alumni Association and Foundation.