Hormel Foods Appoints Domenic Borrelli as EVP of Retail to Drive Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: Newsfilter
- Executive Appointment: Hormel Foods Corporation announced the appointment of Domenic Borrelli as Executive Vice President of Retail effective February 23, 2026, overseeing many of the company's recognized brands, which are expected to further drive the company's growth engine.
- Extensive Experience: Borrelli brings over 25 years of experience in the food and beverage industry, having served as President at Danone North America, where he successfully led a portfolio of brands and delivered multi-year performance, showcasing his strong background in brand building and commercial strategy.
- Strategic Direction: Hormel Foods President John Ghingo stated that Borrelli's addition will help advance the company's strategic priorities, particularly within the Retail business unit, by fostering close consumer relationships to achieve sustainable growth.
- Educational Background: Borrelli holds an MBA from the Schulich School of Business at York University and a bachelor's degree from York University, and has served on the boards of various industry associations, demonstrating his broad influence and leadership capabilities within the industry.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like HRL with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on HRL
Wall Street analysts forecast HRL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HRL is 27.40 USD with a low forecast of 26.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 24.600
Low
26.00
Averages
27.40
High
30.00
Current: 24.600
Low
26.00
Averages
27.40
High
30.00
About HRL
Hormel Foods Corporation is a global-branded food company. The Company develops, processes, and distributes a range of food products in a variety of markets. Its segments include Retail, Foodservice, and International. The Retail segment is primarily engaged in the processing, marketing, and sale of food products sold predominantly in the retail market. This segment also includes the Company’s MegaMex Foods, LLC joint venture. The Foodservice segment consists primarily of the processing, marketing, and sale of food products to foodservice, convenience store, and commercial customers located in the United States. The International segment processes, markets, and sells its products internationally. This segment also includes the results from the Company’s international joint ventures, international equity method investments, and international royalty arrangements. It has a global presence within several major international markets, including Australia, Brazil, Canada, China, and England.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Minnesota CEOs Urge Immediate De-escalation After Fatal Shooting of Alex Pretti
- Business Leaders Unite: Over 60 CEOs from Minnesota-based companies signed a letter urging cooperation among state, local, and federal officials to address the tensions arising from immigration enforcement, highlighting the business community's urgent concern for social stability.
- Impact of Tragic Incident: The letter references the fatal shooting of Alex Pretti by federal immigration agents, which has resulted in 'widespread disruption and tragic loss of life,' reflecting the profound impact of the current situation on the community.
- Call for Leadership: The letter emphasizes ongoing communication with the Governor, the White House, and local mayors, indicating the proactive efforts of business leaders to push for solutions aimed at restoring normalcy in Minnesota.
- Political Tensions: While the letter does not mention President Trump, it notes the increased federal law enforcement presence has exacerbated tensions in Minnesota, with the business community seeking collaborative efforts to achieve a lasting resolution to foster economic recovery.
Continue Reading
Smithfield Foods Acquires Nathan's Famous for $450 Million
- Acquisition Deal: Smithfield Foods announced the acquisition of Nathan's Famous for $450 million, offering $102 per share, with a target close in the first half of 2026, effectively eliminating expiration risks associated with a long-standing licensing agreement.
- Brand Control: This acquisition grants Smithfield perpetual control over Nathan's Famous, further solidifying its position in the packaged foods industry and securing one of America's most recognizable food brands.
- Financial Impact: The deal is expected to be immediately accretive to adjusted diluted earnings per share and project approximately $9 million in annual cost savings by the second year post-closing, driven by operational efficiencies.
- Strategic Significance: Smithfield's CEO stated that this acquisition is a significant step in strengthening its packaged meats portfolio, aiming to leverage its manufacturing scale and marketing capabilities to drive further growth for the Nathan's Famous brand.
Continue Reading