MINNEAPOLIS, Nov. 8, 2017 /PRNewswire/ -- General Mills
(NYSE: GIS) today announced that Ken
Powell will be retiring as Chairman of the Board effective
the end of the year. The company's Board of Directors has
elected Chief Executive Officer Jeffrey
Harmening to serve as Chairman of the Board upon Powell's
retirement effective January 1, 2018.
Harmening will continue to serve as the company's Chief Executive
Officer.
"Today's announcement concludes a long and thoughtful process of
leadership transition by the board of directors," said Kerry Clark, Independent Lead Director of the
General Mills Board. "We are very
supportive of Jeff's leadership efforts on behalf of the company
since his appointment as CEO."
Harmening became Chief Executive Officer June 1, 2017, when Powell stepped down from the
role. At the time, it was expected that Powell would serve as the
company's Chairman for a transition period until his
retirement.
Powell added, "Jeff is leading the company through significant
changes with a steady and thoughtful hand, and it is exciting to
see the speed in which the teams are responding."
The company recently restructured to move to one global
leadership team with four business segments reporting directly to
the CEO, and has made significant moves to globalize functions.
"I would like to thank Ken for his support through this
transition period and for the leadership legacy that he has left
for us," said Harmening. "We all wish him the very best on his
retirement."
About General Mills
General Mills is a leading global food company that serves the
world by making food people love. Its brands include
Cheerios, Annie's, Yoplait, Nature
Valley, Fiber One, Häagen-Dazs, Betty Crocker, Pillsbury, Old El
Paso, Wanchai Ferry,
Yoki and more. Headquartered in Minneapolis, Minnesota, USA, General Mills
generated fiscal 2017 consolidated net sales of US $15.6 billion, as well as another US $1.0 billion from its proportionate share of
joint-venture net sales.
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SOURCE General Mills