HUNT VALLEY, Md.,
Nov. 25,
2024 /PRNewswire/ -- Lawrence
E. Kurzius, Executive Chairman of the Board of McCormick
& Company, Incorporated (NYSE: MKC), a global leader in flavor,
announced that he will end his eight years of service as Chairman
on December 31, 2024. Mr.
Kurzius will continue as a Board member for McCormick, where he was
employed for 22 years. He will not stand for re-election at
the Company's annual shareholder meeting in March 2025. Mr.
Kurzius transitioned the Chief Executive Officer responsibilities
to Brendan Foley in September 2023 and continued to serve as
Executive Chairman since that time.
McCormick's Board of Directors has appointed Brendan Foley, the Company's President and Chief
Executive Officer, to succeed Mr. Kurzius as Chairman, in addition
to his current duties, effective January 1,
2025.
"Transitioning the role of Chairman of the Board for McCormick
is in keeping with the Board's succession plan at the executive
level and my personal plans for retirement. We have a highly
experienced team of executives with deep expertise in the consumer
products industry and a passion for our business. I am
confident that this talented team will continue to drive our strong
performance in the years to come," said Mr. Kurzius.
During his 10-year career with McCormick, Mr. Foley has been a
key leader for the Company serving as a member of the Management
Committee, the Company's highest executive leadership team since
2015. He has held roles of increasing responsibility,
including President U.S. Consumer; President North America;
President Global Consumer, Americas, and Asia; President and
Chief Operating Officer, and his current role as President and
Chief Executive Officer. Prior to joining McCormick, Mr.
Foley worked for H.J. Heinz and General Mills, Inc.
"Lawrence has been a transformational leader and a great
mentor," said Mr. Foley. "We deeply appreciate his
entrepreneurial spirit, innovative thinking, and growth-oriented
vision for the Company. Together we executed on our proven
strategies, enabling us to strengthen our global flavor leadership,
deliver differentiated performance, and drive shareholder
value. I look forward to continuing to advance our leadership
in flavor and I am confident we have the right team and engaged
employees globally to deliver on our long-term
objectives."
About McCormick
McCormick & Company,
Incorporated is a global leader in flavor. With over
$6.5 billion in annual sales across
150 countries and territories, we manufacture, market, and
distribute herbs, spices, seasonings, condiments and flavors to the
entire food and beverage industry including retailers, food
manufacturers and foodservice businesses. Our most popular
brands with trademark registrations include McCormick, French's,
Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros,
Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane,
Gourmet Garden, FONA and Giotti. The breadth and reach of our
portfolio uniquely position us to capitalize on the consumer demand
for flavor in every sip and bite, through our products and our
customers' products. We operate in two segments, Consumer and
Flavor Solutions, which complement each other and reinforce our
differentiation. The scale, insights, and technology that we
leverage from both segments are meaningful in driving sustainable
growth.
Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided
by our principles and committed to our Purpose – To Stand Together
for the Future of Flavor. McCormick envisions A World United
by Flavor where healthy, sustainable, and delicious go hand in
hand.
To learn more, visit: www.mccormickcorporation.com or follow
McCormick & Company on Instagram and LinkedIn.
For information contact:
Global Communications:
Lori Robinson -
lori_robinson@mccormick.com
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SOURCE McCormick & Company, Incorporated