General Mills Announces Dana McNabb As CEO

General Mills has named Dana McNabb as its next CEO, the first woman to lead the company. McNabb, currently COO, will take over on January 1. Current CEO Jeff Harmening will become executive chairman. The board unanimously approved the change.

General Mills has named Dana McNabb as its new CEO, effective January 1. McNabb, currently COO, will succeed Jeff Harmening, who becomes executive chairman. The transition occurs amid industry challenges like inflation and competition. General Mills' stock is down 27% year-to-date, despite recent earnings beats. McNabb's priorities include restoring growth and modernizing supply chains, according to analysts.

General Mills named Dana McNabb, its current COO, as CEO effective January 1, 2027, replacing Jeff Harmening, who will become executive chair. McNabb has held various leadership roles at the company for 27 years.

General Mills (GIS) announced Dana McNabb as its new CEO, effective January 1, 2027. McNabb succeeds Jeff Harmening amid industry challenges. The company's P/S ratio is below its historical median, and its GF Score is 58/100, indicating moderate financial health. 11 gurus hold GIS, with mixed recent activity. The stock is currently undervalued based on P/S, but unprofitability complicates valuation.

General Mills has named Dana McNabb, its current COO, as the next CEO, effective January 1. McNabb will replace Jeff Harmening, who will become executive chair. McNabb emphasized focusing on profitable growth through digital demand and supply chain modernization.

General Mills announced Dana McNabb, current COO, will become CEO on Jan. 1, 2027, replacing Jeff Harmening, who will become executive chair. McNabb has 27 years of experience at the company. The announcement follows a fiscal year with an $88M loss and 5% sales decline, partly due to asset sales. Analysts expect investments to drive future growth.