Printer Friendly

SCHULZE TO RETIRE FROM GENERAL MILLS; TOP MANAGEMENT REALIGNED

 SCHULZE TO RETIRE FROM GENERAL MILLS; TOP MANAGEMENT REALIGNED
 MINNEAPOLIS, Oct. 26 /PRNewswire/ -- General Mills (NYSE: GIS) announced today that Arthur R. Schulze, vice chairman, plans to retire Jan. 31, 1993, after a distinguished 30-year career with General Mills. He was elected to the General Mills board of directors in 1986 and assumed his present position as vice chairman, with both Consumer Foods and Corporate Staff responsibilities, in 1989. He will be 62 years old at the time of his retirement.
 With the retirement of Schulze on Jan. 31, the top management team at General Mills will consist of the following: Bruce Atwater, Mark Willes, Joe Lee, Steve Sanger and Charlie Gaillard, who is on leave from this group while he is located in Morges, Switzerland.
 At the present time, only Atwater and Willes have substantial experience with both Consumer Foods and Restaurant operations, which currently represent about two-thirds and one-third, respectively, of General Mills' nearly $8 billion in sales. To broaden this top management experience base, Lee will add several food operations to his responsibilities and Sanger will add a restaurant operation and new consumer food activities.
 Willes, 51, vice chairman and a director since 1985, will continue to be responsible for The Olive Garden, International Restaurants, Restaurant New Business, Cereal Partners Worldwide, and the Law Department. In addition to these responsibilities, Willes will also be responsible for the following functions: corporate controller, treasurer, taxes and investor relations. China Coast will continue to report to The Olive Garden. Growth and Planning will continue to report to the treasurer, and public affairs and the General Mills Foundation will continue to report to the general counsel, and auditing will continue to report to the controller.
 Lee, 51, vice chairman and a director since 1985, will assume operating responsibility for Sperry (flour and baking mixes), Betty Crocker Products, Technology and Operations, Marketing Services and Communications. He will continue responsibility for Gorton's.
 Sanger, 46, previously an executive vice president, was elected a vice chairman and a member of General Mills' board of directors. He will continue to be responsible for Big G cereals, Yoplait yogurt and International Foods. In addition, he will assume responsibility for Red Lobster and Consumer Foods Sales. Foodservice and Information Systems will continue to report to Consumer Foods Sales.
 Gaillard, 52, executive vice president, is currently chief executive officer of Cereal Partners Worldwide (CPW), the international cereal joint venture with Nestli.
 The vice chairmen will report to Atwater, 61, chairman and chief executive officer, as will Michael Peel, senior vice president, personnel. Atwater said the top management organization is consistent with General Mills corporate values which stress flat structures and broad spans of control.
 -0- 10/26/92
 /CONTACT: (Analysts) Dean Belbas, 612-540-2443, or (Media) R.C. Shulstad, 612-540-3745, both of General Mills/
 (GIS) CO: General Mills ST: Minnesota IN: FOD SU: PER


AL -- MN014 -- 5009 10/26/92 16:18 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 26, 1992
Words:483
Previous Article:QUAKER STATE CHANGES ITS BOTTLES FROM WHITE TO GREEN
Next Article:SHEFFIELD INDUSTRIES, INC. (NASDAQ) LAYS OFF 200 EMPLOYEES IN COST- CUTTING PROGRAM; IS TEMPORARILY TRADING UNDER HOSEE SYMBOL
Topics:


Related Articles
GENERAL MILLS CALLS 9-3/8 PERCENT SINKING FUND DEBENTURES
GENERAL MILLS ANNOUNCES TOP MANAGEMENT TEAM
MIDWEST STOCK EXCHANGE APPOINTS NEW CHAIRMAN
ENVIROMINT AND SELLERS OF CAN-PACTOR PATENTS SIGN SETTLEMENT AGREEMENT; COURT ORDERS STANDSTILL IN LITIGATION
WESTPOINT STEVENS APPOINTS NEW CFO.
Anniversary.
General Mills' Sanger Elected to Wells Fargo & Company Board.
General Mills Inc.
John B. Schulze to Retire as Lamson & Sessions' Chairman & CEO.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters