June 23 (Reuters) - Hormel Foods ( HRL ) said on Monday

former CEO Jeffrey Ettinger will return to helm the Skippy

peanut butter maker on an interim basis for 15 months starting

July 14.

Ettinger, 66, served as chief executive from 2005 to 2016

and will replace current Hormel CEO and president James Snee,

57, who announced his retirement in January.

The management transition comes after the company last month

tightened its annual profit forecast towards the lower end as it

struggles with supply chain issues and weak demand.

Snee will serve as a special advisor to the company

until October 26 this year, and Hormel expects him to stay on as

a consultant for another 18 months after that, the company said

in a regulatory filing.

The company said it plans to name a permanent CEO in October

next year.

It has also appointed John Ghingo, executive vice

president for the retail business unit, as president of the

company, also effective July 14.

Hormel had previously said Snee will serve as a strategic

advisor to the board until the end of his tenure and for 18

months afterward.