General Mills Management

Management criteria checks 3/4

General Mills' CEO is Jeff Harmening, appointed in Jun 2017, has a tenure of 7.42 years. total yearly compensation is $16.06M, comprised of 8.3% salary and 91.7% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth R$264.64M. The average tenure of the management team and the board of directors is 4.8 years and 6.2 years respectively.

Key information

Jeff Harmening

Chief executive officer

US$16.1m

Total compensation

CEO salary percentage	8.3%
CEO tenure	7.4yrs
CEO ownership	0.1%
Management average tenure	4.8yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Harmening's remuneration changed compared to General Mills's earnings?
Date	Total Compensation	Salary	Company Earnings
Aug 25 2024	n/a	n/a	US$2b
May 26 2024	US$16m	US$1m	US$2b
Feb 25 2024	n/a	n/a	US$3b
Nov 26 2023	n/a	n/a	US$2b
Aug 27 2023	n/a	n/a	US$2b
May 28 2023	US$16m	US$1m	US$3b
Feb 26 2023	n/a	n/a	US$3b
Nov 27 2022	n/a	n/a	US$3b
Aug 28 2022	n/a	n/a	US$3b
May 29 2022	US$12m	US$1m	US$3b
Feb 27 2022	n/a	n/a	US$2b
Nov 28 2021	n/a	n/a	US$2b
Aug 29 2021	n/a	n/a	US$2b
May 30 2021	n/a	n/a	US$2b
Feb 28 2021	n/a	n/a	US$3b
Nov 29 2020	n/a	n/a	US$2b
Aug 30 2020	n/a	n/a	US$2b
May 31 2020	US$16m	US$1m	US$2b
Feb 23 2020	n/a	n/a	US$2b
Nov 24 2019	n/a	n/a	US$2b
Aug 25 2019	n/a	n/a	US$2b
May 26 2019	US$10m	US$1m	US$2b
Feb 24 2019	n/a	n/a	US$2b
Nov 25 2018	n/a	n/a	US$2b
Aug 26 2018	n/a	n/a	US$2b
May 27 2018	US$8m	US$1m	US$2b

Compensation vs Market: Jeff's total compensation ($USD16.06M) is above average for companies of similar size in the BR market ($USD5.83M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.

CEO

Jeff Harmening (57 yo)

7.4yrs

Tenure

US$16,056,114

Compensation

Mr. Jeffrey L. Harmening, also known as Jeff, has been the Chief Executive Officer at General Mills, Inc. since June 1, 2017. Mr. Harmening served as the President of General Mills, Inc. since July 1, 2016...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Harmening	Chairman & CEO	7.4yrs	US$16.06m	0.12% R$ 269.2m
Kofi Bruce	Chief Financial Officer	4.8yrs	US$4.62m	0.012% R$ 27.6m
Karen Thissen	General Counsel & Corporate Secretary	2.4yrs	US$2.95m	0.00015% R$ 333.6k
Jonathon Nudi	Group President of Pet & International and North America Foodservice (NAF)	7.8yrs	US$5.19m	0.026% R$ 58.8m
Dana McNabb	Group President of North America Retail	4.8yrs	US$3.17m	0.0039% R$ 8.8m
Jaime Montemayor	Chief Digital & Technology Officer	4.8yrs	US$3.26m	0.0086% R$ 19.1m
Mark Pallot	VP & Chief Accounting Officer	4.8yrs	no data	0.0027% R$ 6.0m
Lanette Werner	Chief Innovation	1.4yrs	no data	0.0042% R$ 9.3m
Jeff Siemon	Vice President of Investor Relations & Treasurer	no data	no data	no data
Jano Cabrera	Chief Communications Officer	5.3yrs	no data	no data
Jacqueline Williams-Roll	Chief Human Resources Officer	10.2yrs	no data	0.020% R$ 44.0m
Bethany Quam	President of U.S. Morning Foods	8yrs	no data	0.010% R$ 22.4m

4.8yrs

Average Tenure

53yo

Average Age

Experienced Management: G1MI34's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Harmening	Chairman & CEO	7.4yrs	US$16.06m	0.12% R$ 269.2m
John Morikis	Independent Director	less than a year	US$232.56k	0.0013% R$ 2.8m
Maria Sastre	Independent Director	6.4yrs	US$297.51k	0.00018% R$ 400.3k
Stephen Odland	Independent Director	20.1yrs	US$285.01k	0.032% R$ 71.2m
Eric Sprunk	Independent Director	8.9yrs	US$302.51k	0.00050% R$ 1.1m
Diane Neal	Independent Director	6yrs	US$277.51k	0.00050% R$ 1.1m
Maria Henry	Independent Lead Director	8.4yrs	US$310.01k	0.0075% R$ 16.6m
Elizabeth Lempres	Independent Director	5.4yrs	US$307.51k	0.0032% R$ 7.2m
C. Goodwin	Independent Director	2.4yrs	US$277.51k	0.0024% R$ 5.2m
Jorge Alberto Uribe Lopez	Independent Director	8.4yrs	US$292.51k	0.0057% R$ 12.6m
Benno Dorer	Independent Director	less than a year	US$232.56k	0.000010% R$ 22.2k
Jo Jenkins	Independent Director	4.8yrs	US$277.51k	0.0026% R$ 5.8m

6.2yrs

Average Tenure

64.5yo

Average Age

Experienced Board: G1MI34's board of directors are considered experienced (6.2 years average tenure).

General Mills Management

Management criteria checks 3/4

Key information

Recent management updates

General Mills, Inc., Annual General Meeting, Sep 24, 2024

General Mills Appoints Asheesh Saksena as Chief Strategy & Growth Officer, Effective August 26, 2024

General Mills Announces Retirement of Shawn O’Grady, Group President

General Mills Announces Changes to Senior Leadership Team

General Mills, Inc., Annual General Meeting, Sep 26, 2023

General Mills, Inc., Annual General Meeting, Sep 26, 2023

Recent updates

General Mills, Inc. Reaffirms Earnings Guidance for the Full Fiscal Year 2025

General Mills, Inc. to Report Q1, 2025 Results on Sep 18, 2024

General Mills, Inc., Annual General Meeting, Sep 24, 2024

General Mills Appoints Asheesh Saksena as Chief Strategy & Growth Officer, Effective August 26, 2024

General Mills, Inc. Declares Quarterly Dividend, Payable on August 1, 2024

General Mills, Inc. to Report Q4, 2024 Results on Jun 26, 2024

General Mills, Inc. (NYSE:GIS) acquired Edgard & Cooper Foundation.

General Mills Reportedly Explores Sale of North America Yogurt Business

General Mills, Inc. Announces Wheaties Debut Highest Protein Offering in Cereal Category, Wheaties Protein

General Mills, Inc. to Report Q3, 2024 Results on Mar 20, 2024

General Mills, Inc. Reaffirms Sales Guidance for the Fiscal Year 2024

General Mills Announces Retirement of Shawn O’Grady, Group President

General Mills, Inc. Declares A Quarterly Dividend, Payable May 1, 2024

General Mills, Inc. Revises Earnings Guidance for the Fiscal Year 2024

General Mills Announces Changes to Senior Leadership Team

General Mills, Inc. to Report Q2, 2024 Results on Dec 20, 2023

General Mills Declares Quarterly Dividend, Payable on February 1, 2024

General Mills, Inc. (NYSE:GIS) acquired Fera Pets, Inc.

General Mills Declares Quarterly Dividend, Payable on November 1, 2023

General Mills, Inc. Reaffirms Revenue Guidance for the Full Fiscal Year 2024

General Mills, Inc. to Report Q1, 2024 Results on Sep 20, 2023

General Mills, Inc., Annual General Meeting, Sep 26, 2023

General Mills, Inc., Annual General Meeting, Sep 26, 2023

General Mills Announces Häagen-Dazs Brings Luxury to Yogurt Aisle with Debut of Cultured Crème

General Mills, Inc. to Report Q4, 2023 Results on Jun 28, 2023

David M. Cordani Announces Not Stand for Reelection to the Board of General Mills, Inc

Ggeneral Mills, Inc. Announces Executive Changes

General Mills, Inc. Declares Quarterly Dividend, Payable on May 1, 2023

General Mills, Inc. Raises Earnings Guidance for the Fiscal Year 2023

General Mills, Inc. to Report Q2, 2023 Results on Dec 20, 2022

General Mills Board of Directors Declares Quarterly Dividend, Payable February 1, 2023

The General Mills Board of Directors Declares Quarterly Dividend, Payable November 1, 2022

General Mills, Inc. Provides Earnings Guidance for Year 2023

General Mills, Inc. to Report Q1, 2023 Results on Sep 21, 2022

General Mills, Inc., Annual General Meeting, Sep 27, 2022

Eagle Family Foods Group LLC acquired Helper Main Meals and Suddenly Salad Side Dishes Businesses from General Mills, Inc. (NYSE:GIS) for a transaction value of approximately $610 million.

General Mills, Inc. Provides Earnings Guidance for the Full Fiscal Year 2023

General Mills Elects C. Kim Goodwin to Board of Directors

General Mills, Inc. (NYSE:GIS) acquired TNT Crust, Inc. from Peak Rock Capital LLC.

General Mills, Inc. to Report Q4, 2022 Results on Jun 29, 2022

Eagle Family Foods Group LLC entered into a definitive agreement to acquire Helper Main Meals and Suddenly Salad Side Dishes Businesses from General Mills, Inc. (NYSE:GIS) for a transaction value of approximately $610 million.

General Mills Appoints Karen Wilson Thissen as General Counsel and Corporate Secretary, Effective June 6

General Mills, Inc. (NYSE:GIS) entered into an agreement to acquire TNT Crust, Inc. from Peak Rock Capital LLC.

General Mills, Inc. (NYSE:GIS) entered into an agreement to acquire TNT Crust, Inc. from Peak Rock Capital LLC.

General Mills, Inc. to Report Q3, 2022 Results on Mar 23, 2022

General Mills, Inc. Reaffirms Earnings Guidance for the Year 2022

General Mills Announces Retirement of Richard Allendorf, General Counsel and Secretary,Effective August 2022

General Mills, Inc. Provides Earnings Guidance for the Year 2022

Cérélia SA agreed to acquire Branded and private label dough business in Germany including the Knack & Back and Jus-Rol brands from General Mills, Inc. (NYSE:GIS).

General Mills, Inc. Reaffirms Earnings Guidance for the Year 2022

General Mills, Inc. Provides Revenue Guidance for the Full Year of Fiscal 2022

General Mills, Inc. Provides Sales Guidance for the Fiscal 2021

General Mills, Inc. to Report Q3, 2021 Results on Mar 24, 2021

General Mills Launches Sesame Street Cereal

Nature Valley Launches Protein Crunch Bars

General Mills, Inc. to Report Q2, 2021 Results on Dec 17, 2020

General Mills, Inc Not Provides Earnings Guidance for the Full Year Outlook for 2021

General Mills, Inc. Introduces the Perfect No-Mess Meal Option: Progresso Toppers

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age