General Mills Elects Jo Ann Jenkins to Board of Directors and Declares Quarterly Dividend
January 27 2020 - 7:29PM
Business Wire
General Mills (NYSE: GIS) today announced the election of Jo Ann
Jenkins to its board of directors effective January 27, 2020.
As Chief Executive Officer of AARP, Jenkins brings to the board
a deep understanding of strategic management and innovative
marketing from her experiences leading and transforming the
nation’s largest nonprofit organization serving Americans aged 50
and older. With a strong background in public service, she will
provide valuable insights on public policy, government affairs, and
community relations.
The appointment of Jenkins reflects General Mills' thoughtful
approach to board succession and refreshment. The company continues
to prioritize directors with world-class qualifications and
experiences, and who represent diverse backgrounds and
perspectives. Jenkins’ board election makes her the fifth woman
currently serving on the General Mills board.
Jenkins has served as Chief Executive Officer of AARP since
2014, and previously served as Chief Operating Officer of AARP and
President of the AARP Foundation. Prior to joining AARP, Jenkins
served at the Library of Congress as Chief Operating Officer and
Chief of Staff. She has also held a variety of senior roles at the
U.S. Department of Agriculture, the U.S. Department of
Transportation, and the U.S. Department of Housing and Urban
Development. Jenkins currently serves on the boards of AARP and
Avnet, Inc.
In other action at its regularly scheduled January meeting, the
General Mills board declared a quarterly dividend at the prevailing
rate of $0.49 per share, payable May 1, 2020, to shareholders of
record as of April 10, 2020. General Mills and its predecessor
company have paid dividends without interruption for 121 years.
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, Häagen-Dazs, Betty Crocker,
Pillsbury, Old El Paso, Wanchai Ferry, Yoki, BLUE and more.
Headquartered in Minneapolis, Minnesota, USA, General Mills
generated fiscal 2019 net sales of U.S. $16.9 billion. In addition,
General Mills’ share of non-consolidated joint venture net sales
totaled U.S. $1.0 billion.
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