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General Mills Names Dana McNabb CEO

General Mills appoints insider Dana McNabb as its first female chief executive officer, succeeding longtime leader Jeff Harmening. McNabb takes over amid high inflation and shifting consumer habits.

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FILE PHOTO: Packages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly/File Photo

GENERAL MILLS INC named Chief Operating Officer Dana McNabb as its CEO on Wednesday, appointing its first woman leader to steer the company through margin pressures and shifting consumer habits. McNabb succeeds outgoing chief Jeff Harmening after a decade-long tenure marked by major portfolio reshaping and digital investments. Shares of the packaged-food maker fell 3% in morning trading following the announcement, extending a 27% decline for the year.
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