Hormel Foods Corporation recently announced, as a result of its definitive agreement to acquire Applegate Farms, LLC, Steven J. Lykken and Eldon O. Quam will assume leadership roles with Applegate, based in Bridgewater, NJ. These advancements are contingent on the official closing of the acquisition.
Lykken, senior vice president of commodity and supply chain at Jennie-O Turkey Store (Willmar, MN), has been named the chief operating officer of Applegate. This transition will be effective August 3.
Quam, director and business unit controller, Hormel Foods International Corporation (HFIC), has been named the chief financial officer of Applegate. This transition will be effective with the close of this transaction.
“Congratulations to Steven and Eldon on their advancements,” said Thomas R. Day, group vice president of Refrigerated Foods at Hormel Foods. “We look forward to their continued leadership as we begin to enter the natural and specialty retail segment. Applegate’s strategic fit will serve as a growth catalyst and help us to deliver our key results for the Refrigerated Foods group.”
“On behalf of the Applegate team, we would like to welcome Steven and Eldon to the Applegate community,” said Kerry Collins, CEO at Applegate. “We look forward to working together to continue to support the company’s mission and growth objectives in this dynamic market segment!”
Additionally, Jennifer M. Ehresmann, director of marketing for retail and deli at Jennie-O Turkey Store, will advance to the position of senior vice president of commodity and supply chain at Jennie-O Turkey Store.
“Jennifer has a proven track record of success in her time with Jennie-O Turkey Store,” said Glenn R. Leitch, group vice president and president of Jennie-O Turkey Store. “We congratulate her on this advancement and look forward to her leadership.”