Hormel Foods Names Will Bonifant Group Vice President and Chief Supply Chain Officer

Hormel Foods (NYSE: HRL) named Will Bonifant group vice president and chief supply chain officer, effective March 9, 2026.

Rhea-AI Summary

Hormel Foods (NYSE: HRL) named Will Bonifant group vice president and chief supply chain officer, effective March 9, 2026. Bonifant will lead global procurement, manufacturing, planning, logistics, engineering and supply chain innovation.

He joins from The Hershey Company after 15 years, where he led supply chain strategy and manufacturing for a 20‑plant network and held international leadership roles.

Positive

• Experienced hire with 15 years at Hershey leading supply chain strategy
• Operates global networks including management of a 20‑plant manufacturing footprint

Negative

• Leadership change effective March 9, 2026 creates a short transition period before full integration

Argus Feb 13 session

+1.45% close to close Open Argus

Details

News Market Reaction – HRL

On Feb 13, the first trading day after this news, HRL closed 1.45% above the previous close.

Data tracked by StockTitan Argus for the Feb 13 session.

Market Context

This announcement highlights Hormel Foods’ decision to appoint a new group vice president and chief ...

Analysis

This announcement highlights Hormel Foods’ decision to appoint a new group vice president and chief supply chain officer effective March 9, 2026, bringing experience overseeing a 20-plant network and global operations. It comes after recent brand and product news and ahead of the Feb. 26, 2026 earnings release. Investors may watch how this leadership change affects procurement, manufacturing, and logistics efficiency, alongside regulatory developments such as the company’s effective Form S-3ASR for potential debt issuance.

Key Figures

Effective date: March 9, 2026 Plant network: 20 plants Industry tenure: 15 years +5 more

Effective date

March 9, 2026

Start date for new chief supply chain officer role

Plant network

20 plants

Manufacturing and engineering network previously led at Hershey

Industry tenure

15 years

Experience at The Hershey Company across U.S., Canada and international

State Street ownership

27,318,643 shares (5%)

Beneficial ownership as of 12/31/2025 per Schedule 13G

Ghingo RSUs

32,707 shares

Restricted stock units granted Feb. 2, 2026 at no cost

Ghingo stock options

201,000 shares at $24.46

Options granted Feb. 2, 2026 under 2026 plan

Director equity grants

6,541 shares each

Restricted stock awards to multiple non-employee directors on Feb. 2, 2026

Current price

$23.44

Latest trading price before this announcement

Historical Context

5 past events · Latest: Feb 03

5 events

1. Feb 03

   Marketing campaign

   24h Move

   +0.7%

   SPAM® Big Game campaign with athlete partnership to drive brand engagement.

2. Feb 02

   Earnings scheduling

   24h Move

   +0.7%

   Announcement of Q1 2026 earnings release and CAGNY conference appearance.

3. Feb 02

   Product expansion

   24h Move

   -0.6%

   Genius Gourmet® expands SKIPPY®-inspired protein snack distribution nationally.

4. Jan 29

   Brand promotion

   24h Move

   -0.7%

   PLANTERS® launches nationwide NUTmobile tour with full-time Peanutters hiring.

5. Jan 21

   Product launch

   24h Move

   -0.5%

   COLUMBUS® Craft Meats debuts ready-to-serve entertaining tray at select retailers.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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Seasoned supply chain leader to oversee global procurement, manufacturing, planning, logistics and engineering

AUSTIN, Minn., Feb. 12, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Will Bonifant as group vice president and chief supply chain officer, effective March 9. In this role, Bonifant will lead the company's global supply chain, including procurement, manufacturing, planning, logistics, engineering and supply chain innovation.

"Will is a proven supply chain leader who has scaled complex operations and built modern capabilities across global networks," said John Ghingo, president, Hormel Foods. "His forward‑looking leadership and ability to drive transformation across complex systems will be instrumental as we advance our long‑term strategy and strengthen our global supply chain."

Bonifant joins Hormel Foods from The Hershey Company, where he most recently led supply chain strategy, manufacturing and engineering for a 20-plant network. Over 15 years with Hershey, his experience spanned the U.S., Canada and international markets, including leadership of Hershey's end-to-end China supply chain and oversight of operations across Asia, Europe, the Middle East and Africa. Earlier roles include management consulting with The Boston Consulting Group and service as a U.S. Navy submarine officer.

About Will Bonifant

Bonifant spent 15 years with The Hershey Company, holding several leadership positions spanning international supply chain, engineering, plant management, and strategy. His broad experience and cross-functional expertise helped strengthen Hershey's operational capabilities and support the company's ongoing growth and innovation.

Before Hershey, Bonifant served as a project leader at the Boston Consulting Group, where he led engagements focused on strategy, organizational design, supply chain transformation, and cost optimization across multiple industries.

Earlier in his career, Bonifant spent eight years as an officer in the United States Navy. He served in multiple leadership and power plant supervisory roles aboard the USS GEORGIA, a ballistic missile submarine, and later worked as a nuclear power regulator specializing in electrical engineering and instrumentation design.

Bonifant holds a Bachelor of Science in Electrical Engineering from the U.S. Naval Academy, a Master of Science in Engineering from the Georgia Institute of Technology, and a Master of Business Administration from the Wharton School of the University of Pennsylvania.

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. Its brands include PLANTERS^®, SKIPPY^®, SPAM^®, HORMEL^® NATURAL CHOICE^®, APPLEGATE^®, 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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hormel-foods-names-will-bonifant-group-vice-president-and-chief-supply-chain-officer-302685580.html

SOURCE Hormel Foods Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Will Bonifant and what role will he hold at Hormel Foods (HRL)?

Will Bonifant will serve as group vice president and chief supply chain officer at Hormel Foods beginning March 9, 2026. According to the company, he will oversee global procurement, manufacturing, planning, logistics, engineering and supply chain innovation.

When does Will Bonifant officially start as Hormel Foods (HRL) chief supply chain officer?

Will Bonifant's appointment is effective March 9, 2026. According to the company, that date marks when he assumes responsibility for Hormel Foods' global supply chain operations.

What relevant experience does Will Bonifant bring to Hormel Foods (HRL)?

Bonifant brings 15 years of supply chain experience at The Hershey Company, including leading strategy and manufacturing for a 20‑plant network. According to the company, his background includes international oversight in Asia, Europe, the Middle East and Africa.

How might Will Bonifant's hiring affect Hormel Foods' (HRL) supply chain capabilities?

The hire adds senior supply chain leadership with global operations experience, potentially strengthening execution and innovation. According to the company, Bonifant's record includes scaling complex operations and building modern capabilities across global networks.

Where did Will Bonifant work before joining Hormel Foods (HRL) and what roles did he hold?

Bonifant most recently led supply chain strategy, manufacturing and engineering for a 20‑plant network at The Hershey Company. According to the company, his prior roles also included leadership of Hershey's end‑to‑end China supply chain and international oversight.