Form 8-K · Current report
General Mills 8-K, filed Sep 30, 2026
- Filed
- CIK
- 0000040704
- Accession no.
- 0001628280-26-063892
Summary
General Mills' board of directors elected Dana M. McNabb, currently Chief Operating Officer, to succeed Jeffrey L. Harmening as Chief Executive Officer effective January 1, 2027, with Harmening remaining Executive Chair of the board. The board approved adjusted compensation for both executives, and Independent Lead Director Maria Henry said McNabb was chosen after a multi-year succession planning process.
Key points
- McNabb, currently Chief Operating Officer, has been with General Mills since 1999 and leads all four operating segments.
- As CEO she will receive a base salary of $1,350,000, an annual cash incentive target of 180% of base salary, and an incremental long-term incentive award of $2,100,000 split between performance share units (50%), restricted stock units (25%) and stock options (25%).
- Harmening, CEO for nearly a decade, will move to Executive Chair with a base salary reduced to $1,100,000 and a cash incentive target of 125% of base salary.
- Independent Lead Director Maria Henry said the board's succession planning process was multi-year and credited Harmening's tenure with over $17 billion returned to shareholders through dividends and buybacks.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 29, 2026, the Board of Directors (the “Board”) of General Mills, Inc. (the “Company”) elected Dana M. McNabb Chief Executive Officer of the Company effective January 1, 2027. Ms. McNabb succeeds Jeffrey L. Harmening who is retiring as Chief Executive Officer and will remain Executive Chair of the Board. A copy of the press release issued by the Company is furnished with this report as Exhibit 99. Ms. McNabb, age 50, has served as Chief Operating Officer since June 2026. Ms. …
An excerpt of the text as filed with the SEC, cut for length.
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