By Minda Smiley

Cereal giant General Mills has announced that Jeff Harmening will replace Ken Powell as chief executive of the company.

Powell, who has served as chief executive and chairman for the past 10 years, is set to retire within the next year. Harmening will officially take on his new role on June 1, 2017.

50-year-old Harmening most recently served as president and chief operating officer of General Mills, a position he took on last year. A 23-year veteran of the company, Harmening has held a number of roles at General Mills, including executive vice president and chief operating officer of US Read full story ›

Source: The Drum