Ken Powell

Chairman and CEO
General Mills

Powell last year was preaching the mantra of “innovation over acquisition” to stem General Mills’ sales and earnings slide, as consumers continued to move away from its traditional packaged food lines toward organic/natural brands. But in September he announced the acquisition of Annie’s Inc., a maker of natural macaroni and cheese, shortly before revealing a 25 percent plunge in profits for the first quarter. In the meantime, he has promised to cut $100 million in costs by 2017.