The transition is part of a structured succession plan, with some responsibilities shifting from David Faith, who currently holds the dual roles of president and chairman of the board.
The deal includes the purchase of the land, buildings, and all existing machinery for an undisclosed sum.
The collaboration aims to strengthen the commercial baking industry through expanded educational programming, enhanced workforce development, and increase industry-wide advocacy initiatives.
The report marks the company’s 56th year of reporting on its environmental and social impact, and reinforces General Mills’ commitment to transparency as part of the “Standing for Good” pillar of its Accelerate business strategy.
Beijing sets plan to lower soybean purchases by 26 percent as grain output rises and import reliance slows.