Hormel Foods relocates international chief to Singapore with enhanced compensation package

Filed June 11, 2026 · Period ending June 9, 2026 · ~1 min read

Key Changes

• medium

  Group VP International Swen Neufeldt relocating to Singapore subsidiary around July 27, 2026, for indefinite term while maintaining current executive role. Signals strategic focus on Asia-Pacific operations.

  Item 5.02 verify on EDGAR →
• low

  Base salary of $526,400 supplemented with $56,103 annual cost-of-living adjustment (11% increase) plus $90,566 annual housing allowance. Total incremental compensation approximately $147,000 annually.

  Assignment Agreement verify on EDGAR →
• low

  Comprehensive relocation package includes $20,000 payment, up to $25,000 for household goods, U.S. home sale reimbursement with tax gross-up, company car/driver, tax equalization, and international health coverage.

  Assignment Agreement verify on EDGAR →