Story perspectives

General Mills Names Dana McNabb CEO Effective 2027

By Drooid · Sep 30, 2026, 10:09 PM UTC · How we work

Summary

Dana McNabb Becomes CEO

General Mills named COO Dana McNabb chief executive officer, effective January 1, 2027.
The board unanimously elected McNabb as CEO.
Lead director Maria Henry praised McNabb’s strong track record.
Jeff Harmening will become executive chair of the board on January 1, 2027.
McNabb has spent 27 years at General Mills in senior roles across strategy, marketing and international operations.

Summary

General Mills Targets Savings

General Mills targets $3 billion in cost savings by fiscal year 2030.
The plan narrows the product portfolio beyond North American yogurt to core health-focused brands.
Higher tariffs and Middle-East supply-chain disruptions are prompting price-hike considerations.

History

Historical Context

In June 2009, General Motors filed Chapter 11, cutting about 20,000 U.S. jobs and receiving about $50 billion in Treasury loans that enabled a new “new GM” to emerge under fresh leadership. That precedent of government-backed restructuring and aggressive cost cuts informs General Mills’ 2024 appointment of insider Dana McNabb and its $3 billion savings drive.

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Dana McNabb Becomes CEO

General Mills named COO Dana McNabb chief executive officer, effective January 1, 2027.
The board unanimously elected McNabb as CEO.
Lead director Maria Henry praised McNabb’s strong track record.
Jeff Harmening will become executive chair of the board on January 1, 2027.
McNabb has spent 27 years at General Mills in senior roles across strategy, marketing and international operations.

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