Management ChangeMay 6, 2026, 05:22 PM
General Mills Names Dana McNabb COO, Elects to Board
AI Summary
General Mills, Inc. announced the promotion of Dana McNabb to Chief Operating Officer and her election to the company's Board of Directors, both effective June 1, 2026. Ms. McNabb's compensation package as COO includes a base salary of $1,000,000, an annual cash incentive target of 150% of base salary, and a target long-term annual incentive award of $4,000,000. Additionally, the Compensation and Talent Committee approved one-time Restricted Stock Unit awards for CFO Kofi A. Bruce ($3,500,000) and Chief Digital and Technology Officer Jaime Montemayor ($2,500,000), both with 3-year vesting.
Key Highlights
- Dana McNabb promoted to Chief Operating Officer and elected to Board, effective June 1, 2026.
- McNabb's new base salary set at $1,000,000.
- McNabb's annual cash incentive target is 150% of base salary.
- McNabb's target long-term annual incentive award is $4,000,000.
- CFO Kofi A. Bruce awarded a one-time $3,500,000 Restricted Stock Unit award.
- CDTO Jaime Montemayor awarded a one-time $2,500,000 Restricted Stock Unit award.
- RSU awards for Bruce and Montemayor have 3-year vesting, granted June 5, 2026.
Price Impact
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