General Mills CEO Jeffrey Harmening's 2021 pay slips 2% to $16M
General Mills reports 2021 executive compensation
By ExecPay News
Published: August 17, 2021
General Mills reported fiscal year 2021 executive compensation information on August 17, 2021.
In 2021, six executives at General Mills received on average a compensation package of $5.9M, a 13% 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.
Richard C. Allendorf, General Counsel, earned $4M in 2021, a 11% decrease compared to previous year.
John R. Church, Chief Transformation and Enterprise Services Officer, received $3.9M in 2021, which decreases by 23% compared to 2020.
Kofi A. Bruce, Chief Financial Officer, earned $3.4M in 2021, a 63% increase compared to previous year.
Jaime Montemayor, Chief Digital and Technology Officer, received $2.7M in 2021.
General Mills' fiscal year ends on May 30.
Related executives
Jeffrey Harmening
General Mills
Chief Executive Officer
Jonathon Nudi
General Mills
Group President
Kofi Bruce
General Mills
Chief Financial Officer
John Church
General Mills
Former Chief Transformation & Enterprise Services Officer
Jaime Montemayor
General Mills
Chief Digital and Technology Officer
Richard Allendorf
General Mills
General Counsel
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Source: SEC filing on August 17, 2021.