Hormel Foods Announces Leadership Change in Supply Chain

Rhea-AI Summary

Hormel Foods (NYSE: HRL) announced a significant leadership change in its supply chain organization. Steve Lykken, group vice president of supply chain, is departing after 32 years to pursue another opportunity. Kevin Myers, PhD, has been appointed as interim group vice president of supply chain.

Myers, who joined Hormel in 2001 as a research scientist, previously served as senior vice president of research & development and quality control since 2015. In his interim role, he will oversee all aspects of the company's supply chain organization, including procurement, manufacturing, engineering, logistics, R&D, quality management, and plant operations.

The permanent replacement for Lykken will be determined by the company's future CEO once appointed. Myers brings extensive experience, having spent a decade in food industry leadership positions before joining Hormel, specializing in food technology, research science, and new product development.

Positive

• Interim leader Kevin Myers brings 20+ years of company experience and deep expertise in R&D and quality control
• Seamless transition plan in place with experienced internal candidate

Negative

• Departure of long-term supply chain leader with 32 years of experience
• Uncertainty around permanent leadership appointment pending new CEO selection

News Market Reaction

-2.40%

1 alert

-2.40% News Effect

On the day this news was published, HRL declined 2.40%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AUSTIN, Minn., April 7, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that Steve Lykken, group vice president of supply chain, will be leaving the company to pursue another opportunity. Kevin Myers, PhD, has been appointed interim group vice president of supply chain.

Myers joined Hormel Foods in 2001 as a research scientist and has since taken on roles of increasing responsibility. In 2015, he was appointed senior vice president of research & development and quality control, overseeing product development, packaging, food safety sciences and lab services. Before joining the company, Myers spent a decade in the food industry, holding leadership positions in food technology, research science and new product development.

"I am grateful for Steve's contributions, dedication and leadership over the past 32 years and wish him all the best in his new chapter," said Jim Snee, president and chief executive officer, Hormel Foods. "We are fortunate to have Kevin, a highly respected and proven leader with deep expertise, stepping into the role of interim group vice president of supply chain. With Kevin at the helm, we remain focused on transforming and modernizing our supply chain, delivering for our customers and driving operational excellence."

Under the interim structure, Myers will oversee all aspects of the company's supply chain organization including procurement, manufacturing, engineering, logistics, research and development, quality management and plant operations. A permanent replacement for Lykken will be decided by the company's future chief executive officer, once appointed.

Myers holds a Bachelor of Science, master's degree and doctorate from Iowa State University.

About Hormel Foods – Inspired People. Inspired Food.™

Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with approximately $12 billion in annual revenue across more than 80 countries worldwide. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, JUSTIN'S®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.

Contact:	Media Relations
	Hormel Foods
	media@hormel.com

 

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SOURCE Hormel Foods Corporation

FAQ

Who is replacing Steve Lykken as Hormel Foods (HRL) supply chain leader?

Kevin Myers, PhD, has been appointed as interim group vice president of supply chain at Hormel Foods.

What is Kevin Myers' background at Hormel Foods (HRL)?

Myers joined Hormel in 2001 as a research scientist and served as senior vice president of R&D and quality control since 2015.

What responsibilities will the interim supply chain leader have at HRL?

Myers will oversee procurement, manufacturing, engineering, logistics, R&D, quality management, and plant operations.

When will Hormel Foods (HRL) announce a permanent supply chain leader?

The permanent replacement will be decided by the company's future CEO, once appointed.