General Mills Appoints Daralyn Peifer as Treasurer
Peifer brings experience and stellar investment track record to role
09/17/2007
General Mills today appointed Daralyn Peifer vice president and treasurer of General Mills, with responsibility for the company’s cash management, corporate finance, risk management and investment management functions.
Peifer’s impressive 20-year track record managing General Mills’ pension and savings plan assets stand out in her previous role as vice president and chief investment officer for General Mills.
During her tenure, General Mills’ U.S. pension and other retirement plan assets have consistently delivered strong investment returns, with a compound annual growth rate for the pension and postretirement funds of 12 percent over the past 20 years.
The investment return of the funds for the 2007 fiscal year was 18 percent.
“Daralyn brings a wealth of capital markets experience, including managing successfully through a range of credit market conditions,” said Don Mulligan, executive vice president and chief financial officer of General Mills. “Her investment expertise brings unique perspective to capital structure and corporate investment opportunities as General Mills’ treasurer.”
Peifer joined General Mills in 1988 in the Benefit Finance organization as a manager of Investment Finance. She was promoted to chief investment officer in 2001, and named vice president of Investment Finance in 2002.
She succeeds Mulligan, who was promoted to executive vice president and chief financial officer in August.
About General Mills
General Mills, with annual net sales of $13.4 billion, is a leading global manufacturer and marketer of consumer foods products. Based in Minneapolis, Minn., General Mills’ mission is to innovate to make people’s lives healthier, easier and richer around the world – Nourishing Lives™. Its global brand portfolio includes Big G cereals, Betty Crocker, Pillsbury, Green Giant, Häagen-Dazs, Nature Valley, Old El Paso and more. It has more than 100 U.S. consumer brands, more than 30 of which generate annual retail sales in excess of $100 million. General Mills also is a leading supplier of baking and other food products to the foodservice and commercial baking industries.
For More Information, Contact:
Kirstie Foster
General Mills
763.764.6364
