Business mag names Ettinger Executive of the Year

Published 10:25 am Thursday, August 25, 2016

Hormel Foods Corp. CEO Jeffrey Ettinger was named Executive of the Year by the 2016 Best in Biz Awards International.

Gold, silver and bronze levels are awarded in the Executive of the Year category, and Ettinger was named a gold winner.

“While you might not associate food companies with innovation, Hormel Foods is great example of responding to changing trends as consumers look for more healthy and nutritious choices,” one judge said in a press release. “What most impressed me is how their CEO, Jeffrey Ettinger, has kept the company at the forefront of change while consistently posting solid financial results. What also struck me was how their vision of success goes beyond the executive suite, particularly in terms of supporting a diverse workplace and giving back to the global community by donating food to countries in need.”

Hormel Foods Corp. CEO Jeffrey Ettinger

Hormel Foods Corp. CEO Jeffrey Ettinger

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Just a week ago, Hormel’s reported record third quarter net earnings of $195.7 million, up 33 percent from $146.9 million in 2015.

Ettinger has been at the helm in recent years as Hormel made several key moves, acquiring Skippy, Applegate Farms, Justin’s LLC, and CytoSport Holdings — the maker of Muscle Milk.

Winners in the fourth annual program include public and private companies from over 30 countries and a wide variety of industries. Winners were determined based on scoring from an international panel of judges from top-tier news, business, finance and technology publications and media outlets from 15 countries and all continents.

“Judging for the Executive of the Year category is quite different from evaluating a company’s overall performance, as you need to carefully consider personal intangibles such as leadership and vision,” said Jon Arnold, principal analyst with J Arnold & Associates and fourth year Best in Biz Awards program judge, in a press release. “Another challenge is that the candidates came from a wide variety of industries, with each executive facing a distinct set of competitive factors. All of these executives have been successful with their companies, but by evaluating how well their leadership translated into business-level results, I was able to rank order their standing for this category.”

Since 2011, Best in Biz Awards has been recognizing companies for their business success as judged by renowned members of the press and industry analysts. Best in Biz Awards honors are currently conferred in two separate programs: North America and international, and in more than 60 categories, including company, team, executive, product, and PR and media. For more information, visit