General Mills CEO Jeffrey Harmening's 2018 pay jumps 72% to $8M
General Mills reports 2018 executive compensation
By ExecPay News
Published: August 13, 2018
General Mills reported fiscal year 2018 executive compensation information on August 13, 2018.
In 2018, six executives at General Mills received on average a compensation package of $4.1M, a 10% decrease compared to previous year.
Average pay of disclosed executives at General Mills
Jeffrey L. Harmening, Chief Executive Officer, received $8M in total, which increased by 72% compared to 2017. 38% of Harmening's compensation, or $3M, was in stock awards. Harmening also received $854K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $1.7M in option awards, $1.2M in salary, as well as $87K in other compensation.
Kendall J. Powell, Chairman, received a compensation package of $4.6M, which decreased by 50% compared to previous year. 66% of the compensation package, or $3M, was in stock awards.
Donal L. Mulligan, Chief Financial Officer, earned $3.7M in 2018, a 20% decrease compared to previous year.
Jonathon J. Nudi, Group President, received $3.1M in 2018.
Richard C. Allendorf, General Counsel, earned $2.9M in 2018, a 14% increase compared to previous year.
John R. Church, Chief Supply Chain & GBS Officer, received $2.2M in 2018, which decreases by 15% compared to 2017.
General Mills' fiscal year ends on May 30.
Related executives
Jeffrey Harmening
General Mills
Chief Executive Officer
Donal Mulligan
General Mills
Chief Financial Officer
Jonathon Nudi
General Mills
Group President
Richard Allendorf
General Mills
General Counsel
John Church
General Mills
Former Chief Transformation & Enterprise Services Officer
Kendall Powell
General Mills
Chairman
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Source: SEC filing on August 13, 2018.