GENERAL MILLS INC (GIS) Form 8-K — Sep 30, 2026
General Mills announced on September 29, 2026 that its board unanimously elected Dana McNabb, currently Chief Operating Officer, as CEO effective January 1, 2027. She succeeds Jeff Harmening, who is retiring as CEO and will remain Executive Chair of the Board. McNabb, 50, is a 27-year General Mills veteran who joined in 1999 and has led all four operating segments as COO since June 2026, after roles including Group President North America Retail and Pet, Chief Strategy & Growth Officer, and Group President Europe & Australia. As CEO, McNabb will receive a base salary of $1,350,000, a 180% cash incentive target, and an incremental $2,100,000 long-term incentive award.
Key figures
- Effective date
- January 1, 2027
- New ceo base salary
- $1,350,000
- Fiscal 2026 net sales
- U.S. $18 billion
- Executive chair base salary
- $1,100,000
- New ceo cash incentive target
- 180% of base salary
- New ceo incremental lti target
- $2,100,000
- Shareholder returns under harmening
- over $17 billion
- Executive chair cash incentive target
- 125% of base salary
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