General Mills today announced a new operating model designed to sharpen focus, advance strategic priorities and accelerate growth. Effective Jan. 1, 2027, General Mills will be organized into three segments — Cereal, Snacks & International; Meals & Baking Solutions; and Pet. In addition, a new Commercial function will combine marketing, sales, and consumer insights and analytics to strengthen omnichannel capabilities.

These changes represent another important step in General Mills’ enterprise transformation initiative, enabling faster decision-making and sharper resource prioritization.

“Winning consumer choice today means responding faster to changing needs,” said Dana McNabb, Chief Operating Officer and incoming CEO, General Mills. “We’re modernizing how we operate, strengthening our capabilities, and turning consumer insights into action more quickly. This new structure better aligns our leadership and resources with our highest priorities and positions us to deliver more consistent, profitable growth.”

The new Cereal, Snacks & International segment will combine the current Big G Cereal & Canada and U.S. Snacks operating units within North America Retail (NAR) with the company’s current International segment. The new Meals & Baking Solutions segment will combine the current U.S. Meals & Baking Solutions operating unit within NAR with the company’s current North America Foodservice segment. The new Pet segment will be unchanged from the current North America Pet segment.

Along with these changes, the company is making the following leadership appointments:

• Ricardo Fernandez will assume an expanded role as Segment President, Cereal, Snacks & International. He currently serves as Segment President, International, and previously served as President, U.S. Morning Foods, which included the company’s Big G Cereal and U.S. Yogurt businesses.
• Brett White will be promoted to Segment President, Meals & Baking Solutions. He currently serves as President, U.S. Meals & Baking Solutions, and previously served as Vice President, Finance for NAR.
• Liz Mascolo will continue to lead the company's Pet business as Segment President, Pet.
• Josh Yates will be promoted to Chief Commercial Officer, leading U.S. retail sales and enterprise commercial capabilities, including strategic revenue management, e-commerce, sales and marketing. He is currently Chief Customer Officer, leading U.S. customer-facing sales and omnichannel execution for NAR, and he previously served as Vice President, Marketing for Cheerios.

White and Yates will join Fernandez, Mascolo and others on General Mills’ Senior Leadership Team.

General Mills will report second quarter fiscal 2027 earnings results in December 2026 under its current segment structure. The company expects to report third quarter fiscal 2027 earnings results in March 2027 under the new segment structure and plans to publish historical financial results aligned with the new segment structure on its Investor Relations website before that report.

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About General Mills

General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Totino’s, Annie’s, Wanchai Ferry and more. General Mills generated fiscal 2026 net sales of U.S. $18 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1 billion. For more information, visit www.generalmills.com.

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