HUNT
VALLEY, Md., June 28,
2023 /PRNewswire/ -- The Board of Directors of
McCormick & Company, Incorporated (NYSE: MKC), a global leader
in flavor, today announced the promotion of Brendan Foley to President and Chief Executive
Officer (CEO) for the Company effective September 1, 2023. Mr. Foley was also
elected to the Board of Directors, effective immediately.
Lawrence E. Kurzius will continue to
serve as Executive Chairman of the Board.
Mr. Kurzius served as Chairman and CEO of McCormick for more
than seven years. In June 2022,
he transitioned the President title and responsibilities for the
Company's global operations to Mr. Foley.
"Lawrence has been a transformational leader for McCormick,
bringing our global flavor platform to life through his
entrepreneurial spirit, innovative thinking, and growth-oriented
vision for the Company. During his tenure as CEO sales grew
over 50% and market capitalization more than doubled.
Lawrence is widely credited with driving a period of
tremendous growth, performance, and expansion – including top tier
organic sales growth and the acquisitions of iconic brands like
Frank's RedHot, French's, and Cholula in addition to FONA,
embedding Purpose-led Performance into McCormick's culture by
championing the Company's industry-leading sustainability efforts,
and successfully leading McCormick through the unprecedented global
pandemic," said Michael D. Mangan,
the Lead Director for the McCormick Board.
Mr. Kurzius and Mr. Foley have partnered closely together on
strategic initiatives to drive consistent growth for the Company
and will continue to do so in their go-forward roles. Mr.
Foley has been a key leader for McCormick for over nine years,
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; and most
recently, as President and Chief Operating Officer which includes
full oversight of the Company's supply chain and commercial
businesses globally. Notably, during Mr. Foley's tenure, he
led the successful integration of McCormick's recent acquisitions,
as well as the realignment of the Americas region to deliver scale,
drive significant cost reductions, and increase commercial focus on
growth and innovation. Prior to joining McCormick, he worked
for H.J. Heinz for fifteen years in Marketing and General
Management roles including President for the North America Zone. Prior to H.J. Heinz, Mr.
Foley worked for General Mills, Inc.
"At McCormick, we are the flavor category leader from end-to-end
for our customers and consumers, and I am extremely proud of what
we've accomplished. This required a true team effort; our
management team is comprised of the best talent in the industry,
and I am particularly excited to see my successor Brendan Foley leading the business forward.
With his passion for McCormick and elevation of our
commercial growth plans and execution, Brendan has a proven track
record of delivering results as a leader. Moreover, he
understands the importance of continuing our growth while ensuring
we do the right things for people, communities, and the planet.
Under Brendan's leadership, I am confident McCormick will
build upon our success, and I look forward to supporting our future
growth in my role as Chairman," said Lawrence E. Kurzius.
"I'd like to personally thank Lawrence for his mentorship and
continued service to McCormick. I am truly honored and
excited about the opportunity to lead this great company with its
rich and very promising future. As a global leader in flavor,
we are well positioned to drive growth and shareholder value by
meeting the growing global demand for high quality, sustainable,
healthy, and delicious products. Ensuring McCormick remains a great
place to work and grow for our employees and maintaining our
performance continuity are top priorities," said Brendan Foley, McCormick's new President and CEO
as of September 1, 2023.
About McCormick
McCormick & Company, Incorporated is a global leader in
flavor. With over $6 billion in
annual sales across 170 countries and territories, we manufacture,
market, and distribute spices, seasoning mixes, condiments and
other flavorful products to the entire food industry including
e-commerce channels, grocery, 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 and Gourmet Garden.
Every day, no matter where or what you eat or drink, you can
enjoy food flavored by McCormick.
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 Twitter, Instagram and
LinkedIn.
For information contact:
Global Communications:
Lori Robinson -
lori_robinson@mccormick.com
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SOURCE McCormick & Company, Incorporated