General Mills Management
Management criteria checks 3/4
General Mills' CEO is Jeff Harmening, appointed in Jun 2017, has a tenure of 7.5 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$257.65M. The average tenure of the management team and the board of directors is 4.9 years and 6.3 years respectively.
Key information
Jeff Harmening
Chief executive officer
US$16.1m
Total compensation
| CEO salary percentage | 8.3% |
| CEO tenure | 7.5yrs |
| CEO ownership | 0.1% |
| Management average tenure | 4.9yrs |
| Board average tenure | 6.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Nov 24 2024 | n/a | n/a | US$3b |
| 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 ($USD5.74M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
CEO
Jeff Harmening (57 yo)
7.5yrs
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 |
|---|---|---|---|---|
| Chairman & CEO | 7.5yrs | US$16.06m | 0.12% R$ 257.7m | |
| Chief Financial Officer | 4.8yrs | US$4.62m | 0.012% R$ 26.5m | |
| General Counsel & Corporate Secretary | 2.5yrs | US$2.95m | 0.00015% R$ 320.6k | |
| Group President of Pet & International and North America Foodservice (NAF) | 7.9yrs | US$5.19m | 0.026% R$ 56.6m | |
| Group President of North America Retail | 4.9yrs | US$3.17m | 0.0039% R$ 8.4m | |
| Chief Digital & Technology Officer | 4.8yrs | US$3.26m | 0.0086% R$ 18.4m | |
| VP & Chief Accounting Officer | 4.8yrs | no data | 0.0027% R$ 5.7m | |
| Chief Innovation | 1.5yrs | no data | 0.0042% R$ 9.0m | |
| Vice President of Investor Relations & Treasurer | no data | no data | no data | |
| Chief Communications Officer | 5.3yrs | no data | no data | |
| Chief Human Resources Officer | 10.3yrs | no data | 0.020% R$ 42.3m | |
| President of U.S. Morning Foods | 8.1yrs | no data | 0.010% R$ 21.5m |
4.9yrs
Average Tenure
53yo
Average Age
Experienced Management: G1MI34's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.5yrs | US$16.06m | 0.12% R$ 257.7m | |
| Independent Director | less than a year | US$232.56k | 0.0013% R$ 2.8m | |
| Independent Director | 6.5yrs | US$297.51k | 0% R$ 0 | |
| Independent Director | 20.2yrs | US$285.01k | 0.032% R$ 68.5m | |
| Independent Director | 9yrs | US$302.51k | 0.00050% R$ 1.1m | |
| Independent Director | 6.1yrs | US$277.51k | 0.00050% R$ 1.1m | |
| Independent Lead Director | 8.5yrs | US$310.01k | 0.0076% R$ 16.2m | |
| Independent Director | 5.5yrs | US$307.51k | 0.0032% R$ 6.9m | |
| Independent Director | 2.5yrs | US$277.51k | 0.0024% R$ 5.0m | |
| Independent Director | 8.5yrs | US$292.51k | 0.0057% R$ 12.2m | |
| Independent Director | less than a year | US$232.56k | 0.000010% R$ 21.4k | |
| Independent Director | 4.9yrs | US$277.51k | 0.0026% R$ 5.6m |
6.3yrs
Average Tenure
64.5yo
Average Age
Experienced Board: G1MI34's board of directors are considered experienced (6.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 10:49 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/11/24 |
| Annual Earnings | 2024/05/26 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
General Mills, Inc. is covered by 43 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Graja | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Andrew Lazar | Barclays |