Hormel Foods Corp. announced that Steve Binder, executive vice president and president Hormel Business Units, will retire at the end of the Second Quarter Fiscal 2018. The company also announced the advancement of Tom Day to executive vice president, Refrigerated Foods. Day currently serves as group vice president, Refrigerated Foods.
"The experience and knowledge of our senior leadership team have always been a key differentiating factor for Hormel Foods, and that's certainly evident in the careers of Steve and Tom," said Jim Snee, chairman, president and chief executive officer, Hormel Foods. "Steve has been an important leadership force within Hormel Foods, and has achieved a great track record of success throughout his 38 year career. Tom's career at Hormel Foods also spans well over three decades, and he has been instrumental in the continued growth and success of Refrigerated Foods. I wish Steve all the best in retirement and look forward to working more closely with Tom in the years ahead."