General Mills Elects Two New Board Members
31 January 2024 - 12:30AM
Business Wire
Board Declares Quarterly Dividend,
Continuing 125th Year of Uninterrupted Dividend Payments
General Mills, Inc. (NYSE: GIS) today announced the election of
Benno O. Dorer and John G. Morikis to its board of directors
effective Jan. 29, 2024. The election of Dorer and Morikis reflects
the company’s thoughtful approach to board succession and
refreshment.
As the former Chairman and Chief Executive Officer of The Clorox
Company (NYSE: CLX), Dorer brings to the board strong executive
leadership experience from a global consumer packaged goods
company. Dorer served as Chief Executive Officer of Clorox from
2014 to September 2020, Chairman from 2016 to September 2020 and
Executive Chairman from September 2020 to February 2021. Prior to
his role as Chief Executive Officer, he served as Chief Operating
Officer from 2013 to 2014. Before joining Clorox, Dorer worked for
The Procter & Gamble Company in various marketing and sales
roles in the U.S. and Europe. Following his retirement from Clorox,
Dorer served as Executive Advisor at KKR & Co. Inc. from 2021
to July 2022 and on the board of Origin Materials (NASDAQ: ORGN)
from 2021 to May 2023. Dorer currently serves on the board of VF
Corporation (NYSE: VFC), where he also served as Interim President
and Chief Executive Officer from December 2022 to July 2023 and
Lead Independent Director from 2021 to 2022.
As the current Executive Chairman and former Chairman and Chief
Executive Officer of The Sherwin-Williams Company (NYSE: SHW), John
Morikis brings to the board significant executive leadership
experience and a deep understanding of strategic management.
Morikis has served as Executive Chairman of Sherwin-Williams since
January 2024, and previously served as Chairman from 2017 to
December 2023 and Chief Executive Officer from 2016 to December
2023. He joined Sherwin-Williams in 1984 as a management trainee
and held roles of increasing responsibility throughout his career.
Morikis currently serves on the board of Fortune Brands Innovations
(NYSE: FBIN).
In other action at its regularly scheduled meeting, the General
Mills board of directors declared a quarterly dividend at the
prevailing rate of $0.59 per share, payable May 1, 2024, to
shareholders of record as of April 10, 2024. General Mills and its
predecessor company have paid dividends without interruption for
125 years.
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.
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