Ken Powell

For other people with similar names, see Kenneth Powell (disambiguation).
Ken Powell
Bornc. 1954
Denver, Colorado, U.S.
Alma materHarvard University
Stanford Graduate School of Business
OccupationBusinessman
Known forFormer chairman and CEO of General Mills
Board member ofMedtronic, Inc.
Board of Regents (University of Minnesota)
SpouseWendy Bennett

Kendall J. Powell (born c. 1954) is an American businessman. He is the former chairman of General Mills from 2008 to 2017, and chief executive officer (CEO) from 2007 to 2017.

Early life and education

Powell was born circa 1954 in Denver, Colorado. He graduated from Harvard University in 1976,[1] and three years later earned an MBA from the Stanford Graduate School of Business.[2]

Career

Powell joined General Mills in 1979.[3] He subsequently held a variety of management positions at the company. From 1999 to 2004, he was CEO of Cereal Partners Worldwide, a joint venture between General Mills and Nestlé.[4] In 2005, he was appointed as the company's U.S. retail unit chief.[5] In May 2006, he was promoted to president and chief operating officer. In September 2007, Powell was appointed as General Mill's CEO,[6] then chairman of the board of directors in the following year.[7] He retired in 2017.[8]

Powell serves on the board of directors of Medtronic, Inc.[7][9] and on the Board of Regents of the University of Minnesota.[10]

Compensation

As CEO of General Mills in 2009, Powell received total compensation of $9,221,035, which included a base salary of $959,583, a cash bonus of $1,910,770, stocks granted of $3,720,566, options granted of $2,276,223, and other compensation of $353,893.[11] His 2011 total compensation of $8,609,199 included a base salary of $973,042, a cash bonus of $1,926,622, stocks granted of $3,724,528, options granted of $1,705,426, and other compensation of $278,981.[12]

Personal life

Powell is married to Wendy Bennett.[13] They have two daughters.[10]

References

  1. ^ McKinney, Matt. "Sanger ends 12-year General Mills reign" Archived 2012-09-30 at the Wayback Machine, Star Tribune, September 24, 2007.
  2. ^ "Newsmakers Buy Small, Returns Big" Archived 2012-02-10 at the Wayback Machine.
  3. ^ "Big G's Sanger steps down as CEO". bizjournals. September 24, 2007. Retrieved 2019-12-19.
  4. ^ "Ken Powell Named Chief Executive Officer of General Mills". BusinessWire. September 24, 2007. Retrieved 2019-12-19.
  5. ^ "General Mills CEO leaves post". Chicago Tribune. September 25, 2007. Retrieved 2019-12-19.
  6. ^ "General Mills names Ken Powell as CEO". Boston Globe. September 24, 2007. Retrieved 2019-12-19.
  7. ^ a b "Medtronic plc Board of Directors". medtronic.com. Retrieved 2019-12-19.
  8. ^ "General Mills Announces Retirement of Ken Powell as Chairman of the Board and the Election of Jeffrey Harmening as the New Chairman". generalmills.co. November 8, 2017. Retrieved 2019-12-19.
  9. ^ "Forbes.com Kendall Powell Profile".
  10. ^ a b "Kendall J. Powell". umn.edu. Retrieved 2019-12-18.
  11. ^ 2009 CEO Compensation for Kendall J. Powell Archived 2014-01-17 at the Wayback Machine, Equilar
  12. ^ 2011 CEO Compensation for Kendall J. Powell Archived 2012-01-19 at the Wayback Machine, Equilar
  13. ^ Kennedy, Clare (April 22, 2015). "Nonprofit consultant, wife of General Mills CEO named to MPR board". Minneapolis/St. Paul Business Journal. Retrieved January 22, 2018.

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