General Mills said Monday it has put in place a new organizational structure that aims to streamline leadership and maximize its growth potential, with about 400 to 600 positions affected worldwide.
Under the new structure president and COO Jeff Harmening has assumed responsibility for global operations.
As a result, General Mills will eliminate the position of international COO. Effective Jan. 1, four business groups will report directly to Harmening, each led by a Group President.
“The structural changes announced today will help us unlock global growth opportunities and go after them by efficiently restructuring our teams and processes,” Harmening said. “In addition, the capability investments and savings generated by these changes will help us deliver our fiscal 2018 adjusted operating profit margin target of 20%.”
The new structure is expected to impact approximately 400-600 positions worldwide, subject to consultation with employees and employee representatives in locations as required.
In addition to the four business groups, the company is aligning its current dairy strategic brand unit (SBU) to this new global organization structure.