General Mills CEO Jeffrey Harmening's 2021 pay slips 2% to $16M
General Mills reports 2021 executive compensation
By ExecPay News
Published: 35 minutes ago
General Mills reported fiscal year 2021 executive compensation information on August 17, 2021.
In 2021, five executives at General Mills received on average a compensation package of $6.2M, a 7% decrease compared to previous year.
Average pay of disclosed executives at General Mills
Jeffrey L. Harmening, Chief Executive Officer, received $16M in total, which decreased by 2% compared to 2020. 34% of Harmening's compensation, or $5.3M, was in stock awards. Harmening also received $5.2M of change in pension value and nonqualified deferred compensation earnings, $2.5M in non-equity incentive plan, $1.1M in option awards, $1.3M in salary, as well as $219K in other compensation.
For fiscal year 2021, the median employee pay was $75,101 at General Mills. Therefore, the ratio of Jeffrey L. Harmening's pay to the median employee pay was 207 to one.
Jonathon J. Nudi, Group President, received a compensation package of $5.6M, which decreased by 19% compared to previous year. 31% of the compensation package, or $1.7M, was in stock awards.
John R. Church, Chief Transformation and Enterprise Services Officer, earned $3.9M in 2021, a 23% decrease compared to previous year.
Kofi A. Bruce, Chief Financial Officer, received $3.4M in 2021, which increases by 63% compared to 2020.
Jaime Montemayor, Chief Digital and Technology Officer, earned $2.7M in 2021.
General Mills' fiscal year ends on May 31.
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Source: SEC filing on August 17, 2021.