General Mills CEO Jeffrey Harmening's 2020 pay jumps 61% to $16M
General Mills reports 2020 executive compensation
By ExecPay News
Published: August 10, 2020
General Mills reported fiscal year 2020 executive compensation information on August 10, 2020.
In 2020, six executives at General Mills received on average a compensation package of $6.7M, a 45% increase compared to previous year.
Average pay of disclosed executives at General Mills
Jeffrey L. Harmening, Chief Executive Officer, received $16M in total, which increased by 61% compared to 2019. 33% of Harmening's compensation, or $5.3M, was in stock awards. Harmening also received $4.2M of change in pension value and nonqualified deferred compensation earnings, $3.7M in non-equity incentive plan, $1.2M in option awards, $1.2M in salary, as well as $235K in other compensation.
For fiscal year 2020, the median employee pay was $77,414 at General Mills. Therefore, the ratio of Jeffrey L. Harmening's pay to the median employee pay was 205 to one.
Jonathon J. Nudi, Group President, received a compensation package of $6.9M, which increased by 57% compared to previous year. 31% of the compensation package, or $2.2M, was of change in pension value and nonqualified deferred compensation earnings.
Donal L. Mulligan, Chief Financial Officer, earned $5.8M in 2020, a 45% increase compared to previous year.
John R. Church, Chief Supply Chain Officer, received $5M in 2020, which increases by 58% compared to 2019.
Richard C. Allendorf, General Counsel, earned $4.5M in 2020, a 47% increase compared to previous year.
Kofi A. Bruce, Chief Financial Officer, received $2.1M in 2020.
General Mills' fiscal year ends on May 30.
Related executives
Jeffrey Harmening
General Mills
Chief Executive Officer
Jonathon Nudi
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Group President
Kofi Bruce
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Chief Financial Officer
John Church
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Former Chief Transformation & Enterprise Services Officer
Richard Allendorf
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General Counsel
Donal Mulligan
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Chief Financial Officer
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Source: SEC filing on August 10, 2020.