Playlist: Dueling Banjos, Gospel Harmonies, Arabesques And Electric Eels Reviews of new releases by Exploding Star Orchestra, Holmes Brothers, Bill Evans, Tony Trischka and Mira Calix.... Read Full Article E.D.S. President To Become Chief A Little Earlier Ronald A. Rittenmeyer will replace Michael H. Jordan as chief executive of Electronic Data Systems on Sept. 1, several months earlier than expected.... Read Full Article Epson Stylus Photo 1410 Printer This printer will allow more digital photographers to print A3+ (329 x 483 mm).... Read Full Article Top Taliban Commander Is Killed In Clash Afghan officials showed the body of Mullah Dadullah, saying he had been killed in a joint operation of Afghan and coalition forces.... Read Full Article Investors Find Some Solace In Bernanke Remarks Shares ended flat as investors, for a time, looked past reports showing a slowing economy and focused on the possibility that the worst is over for the financial sector.... Read Full Article |
General Mills Chief Quits AbruptlyGOLDEN VALLEY, Minn., Sept. 24 (AP) — The chief executive of General Mills, Stephen W. Sanger, is stepping down effective immediately, the company said Monday. General Mills promoted its president and chief operating officer, Kendall J. Powell, to chief executive. Mr. Sanger will remain as chairman through May. A spokeswoman, Kirstie Foster, said it was Mr. Sanger’s decision to step down. The board approved the move on Monday morning, she said, just before the company’s annual meeting. The handover was “a planned and thoughtful part” of General Mills’s succession plan, she said, although the company had not previously announced that Mr. Sanger would be leaving. Mr. Sanger, 61, has been chairman and chief since 1995. Mr. Powell, 53, has worked at General Mills since 1979. “The board and I have great confidence that Ken will be an outstanding chief executive officer of General Mills,” Mr. Sanger said in a statement. “He has extensive knowledge of our global food categories, our customers and our worldwide operations.” In trading Monday, shares of General Mills fell 61 cents, to $57.88. General Mills, the producer of breakfast cereals including Wheaties and Cheerios, is second to Kellogg in the United States. Tag CloudExternal InformationAdditional InformationWorld Business Briefing: Higher European Growth Is Forecast...Citigroup downgraded after $49bn SIV U-turn$... Yahoo sale gets a big boohoo... Paris a bottler for beer PR push... Where Am I?News Main Page - Business - General Mills Chief Quits Abruptly |
i8news.com |