General Mills CEO Jeffrey Harmening's 2019 pay jumps 24% to $9.9M
General Mills reports 2019 executive compensation
By ExecPay News
Published: August 12, 2019
General Mills reported fiscal year 2019 executive compensation information on August 12, 2019.
In 2019, five executives at General Mills received on average a compensation package of $4.9M, a 21% increase compared to previous year.
Jeffrey L. Harmening, Chief Executive Officer, received $9.9M in total, which increased by 24% compared to 2018. 30.44% of Harmening's compensation, or $3M, was in stock awards. Harmening also received $2M of change in pension value and nonqualified deferred compensation earnings, $1.8M in non-equity incentive plan, $1.7M in option awards, $1.2M in salary, as well as $125.1K in other compensation.
For fiscal year 2019, the median employee pay was $57,177 at General Mills. Therefore, the ratio of Jeffrey L. Harmening's pay to the median employee pay was 172 to one.
Jonathon J. Nudi, Group President, received a compensation package of $4.4M, which increased by 41% compared to previous year. 25.95% of the compensation package, or $1.2M, was in stock awards.
Donal L. Mulligan, Chief Financial Officer, earned $4M in 2019, a 9% increase compared to previous year.
John R. Church, Chief Supply Chain & GBS Officer, received $3.2M in 2019, which increases by 41% compared to 2018.
William W. Bishop, Jr, Group President, earned $3.2M in 2019.
General Mills' fiscal year ends on May 29.