8-KItem 5.02 · Officer/Director ChangeItem 9.01 · Financial Statements
General Mills Names Dana McNabb CEO Effective January 1, 2027
Filed with the SEC on · Summarized by InvestorsBot
General Mills’ board unanimously elected Chief Operating Officer Dana McNabb, a 27-year company veteran, as CEO effective January 1, 2027; Jeffrey Harmening will retire as CEO and become executive chair. McNabb will receive a $1.35 million base salary, a 180% annual cash incentive target and a $2.1 million incremental long-term incentive award, while Harmening’s base salary will be reduced to $1.1 million and his cash incentive target to 125% as executive chair. McNabb said returning the company to profitable growth will be a priority, with plans to strengthen digital demand generation and modernize the supply chain.