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.
Average pay of disclosed executives at General Mills
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.

Related executives

Jeffrey Harmening

General Mills

Chief Executive Officer

Jonathon Nudi

General Mills

Group President

Donal Mulligan

General Mills

Chief Financial Officer

John Church

General Mills

Chief Supply Chain & GBS Officer

William Bishop

General Mills

Group President

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Source: SEC filing on August 12, 2019.