October 11/Austin, Minn./Business Wire -- Hormel Foods Corporation announced a new business structure that will result in Grocery Products and Consumer Products Sales reporting to Steven G. Binder. In recognition of these new responsibilities, Binder is being promoted to the position of executive vice president and president of Hormel business units. He will continue to be responsible for the company's Refrigerated Foods business segment. The change is effective October 31, 2011.
"We are excited to deploy Steve's many talents to this broader area of our business," said Jeffrey M. Ettinger, chairman of the board, president and chief executive officer at Hormel Foods. "This change aligns with our efforts to create a more unified approach to the marketing and sales of Hormel and other branded products, and will also support our ability to optimize raw materials."