0001193125-23-289613.txt : 20231206 0001193125-23-289613.hdr.sgml : 20231206 20231206091703 ACCESSION NUMBER: 0001193125-23-289613 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20231206 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20231206 DATE AS OF CHANGE: 20231206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MILLS INC CENTRAL INDEX KEY: 0000040704 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] IRS NUMBER: 410274440 STATE OF INCORPORATION: DE FISCAL YEAR END: 0530 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01185 FILM NUMBER: 231468589 BUSINESS ADDRESS: STREET 1: NUMBER ONE GENERAL MILLS BLVD CITY: MINNEAPOLIS STATE: MN ZIP: 55426 BUSINESS PHONE: (763) 764-7600 MAIL ADDRESS: STREET 1: P O BOX 1113 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 8-K 1 d631151d8k.htm 8-K 8-K
GENERAL MILLS INC false 0000040704 0000040704 2023-12-06 2023-12-06 0000040704 us-gaap:CommonStockMember 2023-12-06 2023-12-06 0000040704 gis:M0.125NotesDue20253Member 2023-12-06 2023-12-06 0000040704 gis:M0.450NotesDue20261Member 2023-12-06 2023-12-06 0000040704 gis:OnePointFiveZeroZeroPercentNotesDue2027Member 2023-12-06 2023-12-06 0000040704 gis:M3.907NotesDue20292Member 2023-12-06 2023-12-06

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 6, 2023

 

 

General Mills, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   001-01185   41-0274440

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

Number One General Mills Boulevard

Minneapolis, Minnesota

     55426
(Address of Principal Executive Offices)     (Zip Code)

Registrant’s Telephone Number, Including Area Code: (763) 764-7600

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange
on which registered

Common Stock, $.10 par value   GIS   New York Stock Exchange
0.125% Notes due 2025   GIS 25A   New York Stock Exchange
0.450% Notes due 2026   GIS 26   New York Stock Exchange
1.500% Notes due 2027   GIS 27   New York Stock Exchange
3.907% Notes due 2029   GIS 29   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 6, 2023, General Mills, Inc. announced certain changes to its senior leadership team. These changes include Jonathan J. Nudi being appointed to a new role as Group President, Pet and International, effective January 1, 2024. Dana M. McNabb has been appointed to succeed Mr. Nudi as Group President, North America Retail, effective January 1, 2024. A copy of the press release announcing the leadership changes is filed as Exhibit 99 hereto.

Item 9.01    Financial Statements and Exhibits.

 

  (d)

Exhibits.

 

99    Press Release dated December 6, 2023.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 6, 2023

 

GENERAL MILLS, INC.
By:  

/s/ Karen Wilson Thissen

  Name: Karen Wilson Thissen
  Title: General Counsel and Secretary
 EX-99 2 d631151dex99.htm EX-99 EX-99

Exhibit 99

FOR IMMEDIATE RELEASE

General Mills Announces Changes

to Senior Leadership Team

Also, Sean Walker, Group President, International, to Retire After More than 30 Years with Company

MINNEAPOLIS (Dec. 6, 2023) — General Mills, Inc. (NYSE: GIS) today announced several changes to its senior leadership team to further advance the company’s enterprise strategy, Accelerate.

 

  •  

Jon Nudi is appointed to a new role as Group President, Pet and International, where he will be accountable for the two largest growth areas for the company. Since 2016, Nudi served as Group President, North America Retail (NAR). Under Nudi’s leadership, NAR significantly accelerated its growth in organic net sales and segment operating profit, while driving consistent market share gains across its priority businesses. Ricardo Fernandez, newly promoted to Segment President, International, will report to Nudi, with Fernandez also joining the company’s senior leadership team. Fernandez has served as President, U.S. Morning Foods operating unit, since 2021 where he expanded the company’s leadership in its important U.S. cereal category. Earlier in his career, Fernandez held leadership roles for General Mills businesses in Europe and Latin America.

 

  •  

Dana McNabb is promoted to Group President, North America Retail, General Mills’ largest and most profitable segment. Since 2021, McNabb served as Chief Strategy and Growth Officer, where she was responsible for the company’s enterprise growth capabilities. Earlier, McNabb served as Group President, Europe & Australia segment, as well as President of the U.S. Cereal operating unit, notably achieving U.S. cereal category leadership for the first time in 15 years and accelerating growth in net sales and operating profit.

 

  •  

Bethany Quam is appointed President, U.S. Morning Foods, and will join the NAR leadership team, reporting to McNabb. Since 2019, Quam served as Group President, Pet, and led the segment to double-digit compound annual top and bottom-line growth.

 

  •  

Kofi Bruce, Chief Financial Officer, will oversee the Strategy and Growth organization on an interim basis while the company conducts an external search for a new Chief Strategy and Growth Officer.

All senior leadership changes are effective Jan. 1, 2024.

“We are making these strategic changes to best position General Mills for today’s dynamic landscape,” said Jeff Harmening, Chairman and CEO, General Mills. “These moves enable us to best match our deep bench of senior talent to fast-growing and important consumer areas and occasions. I am confident this will help us advance our next chapter in our Accelerate enterprise strategy.”

In addition, the company also announced that Sean Walker, who currently serves as Group President, International, will retire after more than three decades of service, effective Feb. 28, 2024.

“I also want to recognize the impact Sean Walker has had across our business and culture,” Harmening continued. “Sean identified big bets for our International business and has been instrumental in our most recent launch of Blue Buffalo in China. For more than three decades, Sean has been a positive driving force at the company, and we wish him nothing but the best as he starts a new and exciting chapter in life.”

# # #

About General Mills 

General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and standing for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Totino’s, Annie’s, Wanchai Ferry, Yoki and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2023 net sales of U.S. $20.1 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1.0 billion.

Contacts

(Investors) Jeff Siemon : +1-763-764-2301

(Media) Chelcy Walker: +1-763-764-6364

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