General Mills

Dana McNabb named CEO effective January 1, 2027; Harmening becomes Executive Chair.

General Mills announced the succession of CEO Jeff Harmening by Dana McNabb, the current Chief Operating Officer, effective January 1, 2027. McNabb, a 27-year General Mills veteran who has led all four operating segments as COO since June 2026, will assume the role with a $1.35M base salary and $2.1M annual long-term incentive target. Harmening transitions to Executive Chair with reduced compensation. The announcement signals confidence in McNabb's strategic vision focused on returning the company to profitable growth through digitally enabled demand generation and supply chain modernization, following a multi-year succession planning process.

General Mills is a leading global manufacturer and marketer of branded consumer foods, operating across four segments — North America Retail, International, North America Pet, and North America Foodservice — with more than 100 brands sold in 100 countries. The company competes across snacks, cereal, convenient meals, pet food, dough, baking, and super-premium ice cream categories. It also holds 50 percent interests in two joint ventures, Cereal Partners Worldwide (with Nestlé) and Häagen-Dazs Japan.

Primary products

• snacks, including grain, fruit and savory snacks, nutrition bars, and frozen hot snacks
• ready-to-eat cereal
• convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast, and frozen entrees
• wholesome natural pet food
• refrigerated and frozen dough
• baking mixes and ingredients

“Our principal strategies for competing in each of our segments include unique consumer insights, effective customer relationships, superior product quality, innovative advertising, product promotion, product innovation aligned with consumers' needs, an efficient supply chain, and price.” Competitive position, as stated in the filing