AUSTIN, Minn. – Hormel Foods Corp. announced some executive changes on Feb. 6. Steve Binder, executive vice president and president of Hormel Business Units, will retire at the end of the second quarter of FY 2018. No replacement has been named.

Hormel also promoted Tom Day to executive vice president of refrigerated foods. Day currently works as group vice president of refrigerated foods. 

"The experience and knowledge of our senior leadership team have always been a key differentiating factor for Hormel Foods, and that's certainly evident in the careers of Steve and Tom," said Jim Snee, chairman, president and CEO, Hormel Foods. "Steve has been an important leadership force within Hormel Foods, and has achieved a great track record of success throughout his 38 year career. Tom's career at Hormel Foods also spans well over three decades, and he has been instrumental in the continued growth and success of Refrigerated Foods. I wish Steve all the best in retirement and look forward to working more closely with Tom in the years ahead."

Binder joined Hormel Foods in 1979 and progressed through sales and management positions within the meat products and foodservice groups eventually being named vice president of the foodservice group, group vice president of the foodservice group and group vice president of refrigerated foods. He was named executive vice president of refrigerated foods in 2010 and assumed his current position in 2011.

Day joined Hormel Foods in 1981 and worked in sales, sales management and general management. Day was named senior vice president of foodservice in 2007 and was promoted to group vice president, foodservice in 2010. He assumed his current role in October 2013.