Hormel Foods has designated a new chief financial officer who will take the position when the current holder, a 43-year company veteran, retires at the end of the year.
Jacinth Smiley joined Hormel in March 2021, as group vice president of corporate strategy. She took the position after serving as vice president and chief accounting officer for LyondellBasell, a plastics, chemicals and refining company.
Smiley will replace Jim Sheehan, who joined Hormel in 1978 and rose through the ranks, becoming senior vice president and chief financial officer in October, 2016, and executive vice president and chief financial officer in 2019. Under his tenure, Hormel launched Project Orion, an effort to update and streamline the core functions of the company’s business units, and acquired the Planters brand from Kraft Heinz.
"On behalf of the board of directors and the entire Hormel Foods team, I want to thank Jim for his leadership and dedication to this company and its people over the last 43 years," CEO Jim Snee said in a statement. "Jim has led with a steadfast focus on building a world-class financial, accounting and technology organization.”