GMA Establishes CFO Group

WASHINGTON — The Grocery Manufacturers Association has formed a Chief Financial Officer Committee made up of financial professionals from CPG companies. The group currently has 19 members and is led by Chairman Donal L. Mulligan, executive vice president and chief financial officer of General Mills.

“Our objective is to connect top industry CFOs and financial professionals to identify trends, regulatory changes and benchmarks critical to every CPG maker’s governance and bottom line,” said Mulligan in a statement. “In doing so, we believe the industry at large can benefit by its members having more ready access to pertinent financial data and trend analysis and by GMA receiving counsel from senior financial leaders.”

The CFO committee will meet semiannually to discuss both domestic and global financial trends, business challenges and such issues as cost management, financial reporting, taxation, executive compensation benchmarking and sustainability investments and practices, among other topics. PricewaterhouseCoopers will work with the committee, providing expertise on technical accounting and financial issues, highlighting industry challenges and trends and supporting various committee initiatives, as well as continuing to jointly develop the annual financial performance report.

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