USA: General Mills appoints new treasurer

Minneapolis / MN. (gm) General Mills Inc. 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 twelve 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.