Cheerios-maker General Mills has announced several changes to its senior leadership team, reflecting a ‘thoughtful and strategic approach’ to long-term growth and succession planning for the company.
“I’m proud of the depth and diversity of General Mills’ leadership talent, which is reflected in the quality of the people transitioning to and from our senior leadership team,” said Jeff Harmening, Chairman of the Board and Chief Executive Officer of General Mills.
“To ensure that we continue to execute well and to deliver on our commitments to improve sales growth and strong profitability, we have been intentional in the timing of our transitions.”
Finance Changes
One of the more significant changes is the departure of Don Mulligan, Chief Financial Officer.
Mulligan will transition to an advisory capacity effective February 1, 2020, and will retire effective June 1, 2020.
He will be replaced by Kofi Bruce, who will succeed Mulligan in February.
“Don has been an incredible asset to General Mills for more than 20 years. During his tenure as CFO, General Mills generated a 185% increase in value to our shareholders,” said Harmening.
“Don was instrumental in this performance by helping craft plans that balanced long-term growth and profitability and initiatives that actively transformed our portfolio to be more global and more growth-facing.”
Pets, Europe, & Australia
On top of Mulligan’s departure, General Mills reported a number of changes to its Pets division.
Billy Bishop, Group President, Pet segment, will assume the role of Founder and Brand Advisor for the Pet segment, effective January 1, 2020.
Additionally, Bethany Quam, Group President, Europe and Australia segment, will be appointed Group President, Pet segment, effective October 1, 2019.
Dana McNabb, President, U.S. Cereal, will be promoted to succeed Quam as Group President, Europe & Australia segment, effective January 1, 2020.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.
