Hormel Foods announces new appointments
By Jacob Belgumjbelgum@wctrib.com AUSTIN -- Two Hormel Foods officials have been named to new leadership roles with Applegate Farms LLC pending the official closing of the acquisition of the natural and organic meat processor, according to a Horm...
By Jacob Belgum
AUSTIN - Two Hormel Foods officials have been named to new leadership roles with Applegate Farms LLC pending the official closing of the acquisition of the natural and organic meat processor, according to a Hormel Foods Corporation announcement made Wednesday.
Steven Lykken of Jennie-O Turkey Store in Willmar, a unit of Hormel, has been named the chief operating officer of Applegate. He will assume his position Aug. 3. Lykken has been the senior vice president of commodity and supply chain at Jennie-O since 2011.
“I’m really excited to be part of the Applegate team,” Lykken told the Tribune. “They’ve built a very vibrant brand and consumer franchise.”
He will move out east to work at Applegate’s headquarters in New Jersey.
He said that his family “loves the idea of living near New York city but will miss their friends.”
In 1996, Lykken moved to Hormel’s headquarters in Austin and worked as the brand category development manager for ethnic foods. He arrived at Jennie-O in 2003 to become the senior vice president of the retail division. Eldon Quam of Hormel Foods International Corporation in Austin has been named chief financial officer of Applegate.
He will assume his new role upon the close of the Applegate purchase by Hormel. He has been the director and business unit controller for Hormel Foods International since 2013.
Hormel also announced Wednesday that Jennifer Ehresmann has been promoted to senior vice president of commodity and supply chain at Jennie-O Turkey Store. She had been the director of marketing for retail and deli at Jennie-O Turkey Store.
She told the Tribune her new position will be “quite a bit different” but that she is “excited to be back working with the supply chain team” where she had worked previously in her career.
Reuters reported in May that Hormel’s $775 million purchase of Applegate is intended to expand Hormel’s product line to meet the increasing demand for food free of antibiotics, hormones and artificial additives.
Hormel said at the time that Applegate’s 2015 annual sales were projected to be about $340 million and that Applegate would operate as a stand-alone unit of Hormel’s refrigerated foods business.