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General Mills CEO steps down

September 25, 2007|From Times Wire Services

General Mills Inc. Chief Executive Steve Sanger is stepping down effective immediately, the nation's second-largest cereal maker said.

The company promoted President and Chief Operating Officer Ken Powell to CEO. Sanger will remain as chairman through May, the company said.

Spokeswoman Kirstie Foster said it was Sanger's decision to step down as CEO.

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