General Mills' Steve Sanger '68 One of Five Finalists for 'CEO of the Year'

December 21, 2006

December 21, 2006, Greencastle, Ind. - Stephen W. Sanger, chairman and CEO of General Mills, Inc. and a 1968 graduate of DePauw University, was one of five finalists for MarketWatch.com's "CEO of the Year" for 2006. "Bolstered by new products, cost savings and marketing, the company has largely offset rising costs for sugar, corn, wheat and energy, MarketWatch said, outlining reasons for Sanger's selection as a finalist," reports the Minneapolis/St. Paul Business Journal. The award was presented to the Walt Disney Company's Robert Iger.

"According to investor and proxy adviser Institutional Shareholder Services, Golden Valley-based General Mills' (NYSE: GIS) Corporate Governance Quotient score is better than 84 percent of the companies in the S&P 500 and higher than 97 percent of food, beverage and tobacco companiesm," writes Carissa Wyant. "Sanger, 60, who joined General Mills in 1974 and has been chairman and chief executive since 1995." Wyant notes that the award is "based on a three-month analysis of company stock performance, corporate governance, employee culture and customer service."

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Steve Sanger was profiled in NYSE magazine in the spring and received an honorary degree from DePauw in 2004.

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