AUSTIN, MINN. – Jacinth Smiley has been appointed Executive Vice President and Chief Financial Officer of Hormel Foods Corp. She will succeed James N. Sheehan, who plans to retire at the end of the year after 43 years with the company.
Ms. Smiley joined Hormel Foods earlier this year as the group’s vice president of corporate strategy after spending two decades as finance and accounting management at LyondellBasell, General Electric and others. Since joining Hormel Foods, she has led the overall corporate strategy of the company while serving as part of the management team.
In her new role, Ms. Smiley will lead all aspects of Hormel Foods’ financial strategy, performance, reporting and long-term business planning, as well as investor relations, treasury, tax. , accounting and internal controls. She will also oversee the company’s information technology area.
She received a bachelor’s degree in accounting from the University of Connecticut and is a chartered accountant.
âAs we planned for this transition, we were actively looking for someone with the skills, experience and commitment of Jacinth to our strong corporate culture,â said James P. Snee, President and CEO. âHe is an impressive strategic and financial executive with extensive and extensive experience in corporate finance, public accounting and compliance. Jacinth has significant experience in long-term strategic planning in complex global organizations, which will be important as Hormel Foods continues to focus on growth in international markets. I am delighted to see the continued evolution of our financial acumen under his leadership as we execute our growth platforms and strategic imperatives and continue to deliver value to our shareholders. “
Mr. Sheehan’s career with Hormel Foods spans more than four decades, including the last five years as CFO for the company’s global operations. Over the years, he has held various managerial and managerial positions in accounting and finance for the company. In 1998, he became president of Hormel Financial Services and a year later, treasurer. He moved to the position of Vice President and Controller in 2000. He was appointed Chief Accounting Officer in May 2016 and assumed the position of Senior Vice President and Chief Financial Officer in October 2016. He was appointed Executive Vice President and Director financial in 2019.
âOn behalf of the Board of Directors and the entire team at Hormel Foods, I would like to thank Jim for his leadership and dedication to this company and its employees over the past 43 years,â said Mr. Snee. âJim led with unwavering determination. focus on building a world-class financial, accounting and technology organization. His leadership included the highly successful implementation of the Orion Project, as well as the acquisition and financing of Planters, the largest acquisition in the company’s history. Just as impressive as his career with the company are his contributions to causes and the community. Jim was instrumental in the creation of Inspired Pathways, a groundbreaking initiative that extends free school fees to the children of Hormel Foods team members. His contributions are immeasurable, and we wish him long, happy and good luck. deserved retirement.