Jeffrey L. Harmening is the CEO of General Mills, Inc., a major player in the food industry, since June 2017. He has spent significant time with the company, having joined General Mills in 1994. Before becoming CEO, he held various...

Jeffrey L. Harmening is the CEO of General Mills, Inc., a major player in the food industry, since June 2017. He has spent significant time with the company, having joined General Mills in 1994. Before becoming CEO, he held various important roles, including President and Chief Operating Officer. Harmening has a track record of strong leadership, especially during challenging times like the COVID-19 pandemic. Under his guidance, General Mills has focused on key areas like net sales growth and operational efficiency. His compensation in 2023 was reported at around $16 million, reflecting his influence on the company's performance, although he didn't receive a bonus because of lower business targets. His tenure has seen fluctuations in stock value, with notable peaks and resilience against market challenges. He's consistently navigated General Mills through both growth and obstacles and demonstrated a commitment to enhancing shareholder value.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other General Mills CEOs

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Jeffrey L. Harmening

CEO of General Mills

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

May 1, 1966 - 58 years ago

CEO of General Mills for

7 years 10 months (Jun 2017 - Present)

Previous Experience

Joined General Mills in 1994, served in various roles including Vice President of Marketing for Cereal Partners Worldwide and Executive Vice President, Chief Operating Officer, U.S. Retail.

Rivals

Competitors/colleagues of Jeffrey L. Harmening

P

Robert V. Vitale

CEO of Post Holdings

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$1.95M

Other

$105.89K

Total Holdings

$248.85M

T

Christopher Pappas

Founder and CEO of The Chef's Warehouse

2023 Compensation

Stock

$1.44M

Salary

$1.02M

Bonus

$0.00

Other

$181.34K

Total Holdings

$132.18M

C

Sean Connolly

CEO of Conagra Brands

2023 Compensation

Stock

$0.00

Salary

$1.38M

Bonus

$0.00

Other

$563.38K

Total Holdings

$42.44M

I

Jean Madar

Founder and CEO of Inter Parfums

2022 Compensation

Stock

$0.00

Salary

$1.23M

Bonus

$0.00

Other

$0.00

Total Holdings

$859.84M

K

W. Rodney McMullen

CEO of Kroger

2023 Compensation

Stock

$0.00

Salary

$1.40M

Bonus

$672.56K

Other

$921.37K

Total Holdings

$253.52M

I

Patrick Choël

CEO of Inter Parfums

2022 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$547.34K

Holdings

See how much did Jeffrey L. Harmening make over time.

Harmening's holdings in General Mills show significant value growth. They peaked during 2020 when his holdings reached over $29 million in value. Recently, in 2023, his holdings fluctuated but remained strong, reflecting the company's solid positioning despite market challenges. His...

Harmening's holdings in General Mills show significant value growth. They peaked during 2020 when his holdings reached over $29 million in value. Recently, in 2023, his holdings fluctuated but remained strong, reflecting the company's solid positioning despite market challenges. His consistent trades demonstrate a commitment to building value over time. In 2022, the value of his holdings reached a high of $50 million, indicating his successful management strategies. He has navigated his portfolio smartly, showcasing his confidence in General Mills' future even as values have shifted in the market. Overall, his holdings reveal a strong alignment with the company's performance and shareholder interests.

Mar 11, 2025

G

shares

GIS @ $62.84

T

shares

TTC @ $75.23

Total Stock Sold

$10.90M

GIS

$10.90M

161,977 GIS shares

What if they kept their stock?

If Jeffrey L. Harmening didn't sell their stock, today they would have:
Extra GIS161,977 shares worth $9.30M.
This is -14.7% and $1.60M less than what they got when they sold the stock.

Charitable Transactions

GIS

37,104 shares

GIS

Recent Charitable Transactions

GIS

25,000 shares

GIS

Sep 26, 2022

Charity

GIS

7,617 shares

GIS

Dec 8, 2016

Charity

GIS

2,632 shares

GIS

Dec 21, 2015

Charity

GIS

858 shares

GIS

Nov 2, 2015

Charity

GIS

304 shares

GIS

Oct 28, 2014

Charity

GIS

693 shares

GIS

Sep 16, 2014

Charity

Insider Trading

See recent insider trades of Jeffrey L. Harmening.

GIS

39,520 shares

GIS

Jun 28, 2024

Received

GIS

120,776 shares

GIS

Jun 24, 2024

Received

GIS

$3.87M

GIS at $64.44/share

Jan 24, 2024

Sale

TTC

943 shares

TTC

Nov 1, 2023

Received

GIS

32,595 shares

GIS

Jun 30, 2023

Received

GIS

97,935 shares

GIS

Jun 26, 2023

Received

TTC

939 shares

TTC

Nov 1, 2022

Received

GIS

25,000 shares

GIS

Sep 26, 2022

Charity

GIS

$3.03M

GIS at $80.00/share

Sep 21, 2022

Sale

GIS

31,135 shares

GIS

Jun 28, 2022

Received

Compensation History

See how much did Jeffrey L. Harmening make over time.

In 2023, Jeffrey L. Harmening earned a total compensation of approximately $16 million. His base salary stood at $1.33 million, but no bonuses were awarded that year due to unmet performance goals. He received significant values from vested stock options, with nearly $8.9 million coming from performance share units that met high targets over a set period. Notably, his compensation structure aligns heavily with company performance, demonstrating the board's strategy to tie executive pay to shareholder returns. This method encourages leadership accountability, as Harmening's earnings directly connect to the company's success. His pay reflects a push for sustainable growth and effective management in a competitive industry.

Year

2023

Total Compensation

$10.40M

Salary

$1.33M

Board Justification

The compensation program is designed to attract, motivate, reward, and retain superior leaders who contribute to strong company performance and shareholder returns.

Bonus

$0.00

Board Justification

No bonus was awarded for fiscal 2024 performance as the company performance achievement percentage was 44%.

Other

$164.16K

Board Justification

Includes contributions to retirement savings plans and perquisites such as financial counseling.

Restricted Stock

$8.90M(130.38K PSUs)

Board Justification

Performance Share Units (PSUs) that vested based on the fiscal 2022-2024 performance period, achieving 200% of target performance.

Performance Metrics

Company performance metrics include organic net sales growth and adjusted operating profit growth.

Other General Mills CEOs

Here are other CEOs of General Mills

Kendall J. Powell

Ex-CEO of General Mills

September 2007 - June 2017