US food group General Mills has named Daralyn Peifer as vice president and treasurer.

Peifer succeeds Don Mulligan who was promoted to the position of executive vice president and chief financial officer in August.

Peifer joined General Mills in 1988, and was previously vice president and chief investment officer. In her new role, she will have responsibility for cash management, corporate finance, risk management and investment management functions.

"Daralyn brings a wealth of capital markets experience, including managing successfully through a range of credit market conditions," Mulligan said. "Her investment expertise brings unique perspective to capital structure and corporate investment opportunities as General Mills' treasurer."