General Mills Management
Management criteria checks 3/4
General Mills' CEO is Jeff Harmening, appointed in Jun 2017, has a tenure of 6.83 years. total yearly compensation is $16.39M, comprised of 7.6% salary and 92.4% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth $40.19M. The average tenure of the management team and the board of directors is 4.7 years and 6.3 years respectively.
Key information
Jeff Harmening
Chief executive officer
US$16.4m
Total compensation
| CEO salary percentage | 7.6% |
| CEO tenure | 6.8yrs |
| CEO ownership | 0.1% |
| Management average tenure | 4.7yrs |
| Board average tenure | 6.3yrs |
Recent management updates
Recent updates
Getting In Cheap On General Mills, Inc. (NYSE:GIS) Is Unlikely
Apr 13
We Think General Mills (NYSE:GIS) Can Stay On Top Of Its Debt
Mar 26General Mills Stock: Trends We're Watching Ahead Of Q3 Earnings
Mar 13General Mills (NYSE:GIS) Shareholders Will Want The ROCE Trajectory To Continue
Mar 11General Mills: Losing Market Share To Store Brands
Feb 08General Mills Stock Still Isn't Cheap Enough
Jan 12General Mills: Softening Sales Growth Creates An Attractive Entry Point
Jan 05Pinning Down General Mills, Inc.'s (NYSE:GIS) P/E Is Difficult Right Now
Jan 01Is General Mills (NYSE:GIS) A Risky Investment?
Dec 16General Mills: This Steady Dividend Payer Is An Attractive Buy Right Now
Dec 11General Mills Stock Is In Buy Territory Again (Rating Upgrade)
Dec 05The Returns At General Mills (NYSE:GIS) Aren't Growing
Dec 01Pet And International Area Provide New Aisle For Growth For General Mills
Nov 09Hold On To General Mills To Get A Healthy Dividend Yield For Breakfast
Nov 02Is There An Opportunity With General Mills, Inc.'s (NYSE:GIS) 45% Undervaluation?
Oct 30Down About 30%, Yielding 4% - How Attractive Is General Mills?
Oct 01General Mills (NYSE:GIS) Seems To Use Debt Quite Sensibly
Aug 31General Mills: Things Are Looking Up
Aug 30General Mills' (NYSE:GIS) Returns Have Hit A Wall
Aug 01General Mills: Underlying Volume Challenges
Jul 31Is There An Opportunity With General Mills, Inc.'s (NYSE:GIS) 33% Undervaluation?
Jul 17General Mills: Promising Opportunity With A High Price Tag
Jun 28General Mills: A Decent Year, But Seems Overpriced
Jun 12General Mills (NYSE:GIS) Seems To Use Debt Quite Sensibly
Jun 01General Mills: Flawless Dividend But There's A Problem
May 25Here's Why We Think General Mills (NYSE:GIS) Is Well Worth Watching
May 08The Returns At General Mills (NYSE:GIS) Aren't Growing
Apr 12Is General Mills, Inc. (NYSE:GIS) Trading At A 21% Discount?
Mar 31General Mills: I Am Once Again Bullish And Have 2 Areas Investors Should Watch Closely
Feb 21Here's Why General Mills (NYSE:GIS) Can Manage Its Debt Responsibly
Feb 20With EPS Growth And More, General Mills (NYSE:GIS) Makes An Interesting Case
Feb 06General Mills declares $0.54 dividend
Jan 30General Mills Needs Volume Growth
Jan 22General Mills: Worth Monitoring For Its Strict Implementation Of Its Accelerate Strategy
Jan 16General Mills (NYSE:GIS) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Dec 28General Mills: Assessing If Another Beat Is On The Cards In Q2
Dec 19General Mills, Inc. (NYSE:GIS) Shares Could Be 23% Below Their Intrinsic Value Estimate
Dec 13General Mills: Delivering High Returns During Market Downturns
Dec 07General Mills (NYSE:GIS) Seems To Use Debt Quite Sensibly
Nov 16If EPS Growth Is Important To You, General Mills (NYSE:GIS) Presents An Opportunity
Nov 01Wall Street Analysts Underestimate General Mills
Oct 27General Mills Might Provide Calmer Waters for Those Seeking Refuge
Sep 28General Mills declares $0.54 dividend
Sep 27CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Feb 25 2018 | n/a | n/a | US$2b |
| Nov 26 2017 | n/a | n/a | US$2b |
| Aug 27 2017 | n/a | n/a | US$2b |
| May 28 2017 | US$5m | US$775k | US$2b |
Compensation vs Market: Jeff's total compensation ($USD16.39M) is about average for companies of similar size in the US market ($USD13.53M).
Compensation vs Earnings: Jeff's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Jeff Harmening (56 yo)
6.8yrs
Tenure
US$16,385,646
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 | 6.8yrs | US$16.39m | 0.10% $ 40.2m | |
| CFO and Interim Chief Strategy & Growth Officer | 4.2yrs | US$5.01m | 0.0077% $ 3.1m | |
| General Counsel & Corporate Secretary | 1.8yrs | US$3.46m | 0.000070% $ 28.2k | |
| Group President of Pet & International and North America Foodservice (NAF) | 7.3yrs | US$6.45m | 0.019% $ 7.6m | |
| Chief Digital & Technology Officer | 4.2yrs | US$3.51m | 0.0053% $ 2.1m | |
| VP & Chief Accounting Officer | 4.2yrs | no data | 0.0029% $ 1.2m | |
| Chief Innovation | less than a year | no data | 0.0031% $ 1.3m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Communications Officer | 4.7yrs | no data | no data | |
| Chief Human Resources Officer | 9.6yrs | no data | 0.013% $ 5.3m | |
| President of U.S. Morning Foods | 7.4yrs | no data | 0.0099% $ 4.0m | |
| President of International Segment | 7.6yrs | no data | 0.0096% $ 3.9m |
4.7yrs
Average Tenure
52.5yo
Average Age
Experienced Management: GIS's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.8yrs | US$16.39m | 0.10% $ 40.2m | |
| Independent Director | 5.8yrs | US$290.03k | 0.0032% $ 1.3m | |
| Lead Independent Director | 19.5yrs | US$300.03k | 0.031% $ 12.3m | |
| Independent Director | 8.3yrs | US$295.03k | 0% $ 0 | |
| Independent Director | 5.4yrs | US$270.03k | 0% $ 0 | |
| Independent Director | 7.8yrs | US$295.03k | 0.0067% $ 2.7m | |
| Independent Director | 4.8yrs | US$293.78k | 0.0027% $ 1.1m | |
| Independent Director | 1.8yrs | US$450.05k | 0.0014% $ 548.0k | |
| Independent Director | 7.8yrs | US$270.03k | 0.0050% $ 2.0m | |
| Director | less than a year | no data | 0.000010% $ 4.0k | |
| Independent Director | 14.9yrs | US$295.03k | 0.011% $ 4.4m | |
| Independent Director | 4.3yrs | US$270.03k | 0.0021% $ 846.2k |
6.3yrs
Average Tenure
64yo
Average Age
Experienced Board: GIS's board of directors are considered experienced (6.3 years average tenure).