General Mills (GIS) Surges on Takeover Speculation Following CEO Change

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Go back to General Mills (GIS) Surges on Takeover Speculation Following CEO Change

Jeff Harmening Named Chief Executive Officer of General Mills

May 3, 2017 9:00 AM EDT

MINNEAPOLIS, May 3, 2017 /PRNewswire/ -- General Mills (NYSE: GIS) today announced that its board of directors has elected Jeffrey L. Harmening Chief Executive Officer of the company, effective June 1, 2017. The board also elected Harmening to the General Mills Board of Directors. Harmening, age 50, is a 23-year veteran of the company and has served as President and Chief Operating Officer since July 1, 2016. Harmening succeeds Ken Powell, who has served as General Mills Chairman and Chief Executive Officer since 2007. Powell will continue to serve as the company's Chairman for a transition period until his retirement, expected within the... More