General Mills Announces Dana McNabb as Chief Executive Officer
Jeff Harmening transitions to Executive Chair. McNabb's appointment takes effect January 1, 2027, succeeding the current leader after a robust succession planning process.
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Global manufacturer of packaged foods and pet nutrition products
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In short: General Mills named Dana McNabb CEO, posted weaker Q1 results, and launched a $3 billion cost-cutting plan.
Jeff Harmening transitions to Executive Chair. McNabb's appointment takes effect January 1, 2027, succeeding the current leader after a robust succession planning process.
The Board declared $0.61 per share, payable November 2 to shareholders of record as of October 13, continuing a 128-year uninterrupted payment history.
Reported sales dropped 3% to $4.4 billion while diluted EPS fell 67%. The company highlights cost savings initiatives and brand innovation strategies to drive future growth.
The company targets adjusted diluted earnings of $3.00 to $3.20 per share, citing improving retail trends and positive consumer response to innovation efforts.
Three months after issuing a civil subpoena to General Mills, Inc. regarding the potential use of...
General Mills launched a $750 million senior notes tender offer, named Dana McNabb CEO from 2027, and posted a 3% Q1 sales decline to $4.4...
General Mills appoints Chief Operating Officer Mcnabb to succeed the current chief executive officer in a leadership transition.
General Mills shares fell despite upbeat Q1 results; TD Cowen and RBC analysts highlight organic...
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