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McCormick & Company Inc (MKC)

MKC on New York Consolidated

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25 Sep 2017
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Summary

Name Age Since Current Position

Lawrence Kurzius

58 2017 Chairman of the Board, President, Chief Executive Officer

Michael Smith

52 2016 Chief Financial Officer, Executive Vice President

Brendan Foley

51 2016 President - Global Consumer and North America

Malcolm Swift

2016 President - Global Industrial and McCormick International

Jeffery Schwartz

47 2014 Vice President, General Counsel, Secretary

Michael Mangan

60 2009 Lead Independent Director

Gary Rodkin

64 2017 Director

W. Anthony Vernon

2017 Director

Alan Wilson

59 2017 Non-Executive Director

Michael Conway

50 2015 Independent Director

J. Michael Fitzpatrick

70 2001 Independent Director

Freeman Hrabowski

66 1997 Independent Director

Patricia Little

56 2010 Independent Director

Maritza Montiel

65 2015 Independent Director

Margaret Preston

59 2003 Independent Director

Jacques Tapiero

58 2012 Independent Director

Joyce Brooks

Vice President - Investor Relations

Biographies

Name Description

Lawrence Kurzius

Mr. Lawrence Erik Kurzius is a Chairman of the Board, President, Chief Executive Officer of the Company, with effect from January 31, 2017. He was Chief Operating Officer of McCormick & Company Incorporated. Mr. Kurzius has been a key leader for McCormick over the past 11 years and has served as a member of the Management Committee since 2007. He has held multiple roles of increasing responsibility including President US Consumer, President of our International businesses including Europe , Middle East , Africa (EMEA), China and Asia Pacific Zone (APZ) and most recently served as President Global Consumer, President of the Americas and China , and Chief Administrative Officer. Prior to joining McCormick, Mr. Kurzius was the Chief Executive Officer for Zatarain's where he worked for almost 12 years and held marketing positions with Uncle Ben's, a division of Mars Inc. and the Quaker Oats Company. Lawrence holds a BA in Economics from Princeton University.

Michael Smith

Mr. Michael R. Smith is a Chief Financial Officer, Executive Vice President of the Company, effective September 1, 2016. Additionally, he oversee the financial management of our U.S. Consumer, U.S. Industrial and Canadian Business Units. Laird Creighton, Vice President Finance & Administration for U.S. Consumer, Tony Imbraguglio, Vice President Finance & Strategic Planning for U.S. Industrial and Andrew Johnston, Vice President Finance & CFO for Canada. Mr. Smith joined McCormick in 1991 and has held multiple roles of increasing responsibility, including the Director of Corporate Accounting, Vice President of Finance for U.S. Industrial, Vice President of Finance and Administration for U.S. Consumer, Vice President Treasury & Investor Relations and most recently, CFO and Vice President Finance Europe, Middle East and Africa. Prior to McCormick, Mr. Smith began his career in public accounting with Coopers & Lybrand. He is a CPA and earned a BBA Accountancy from the University of Notre Dame. Additionally, Mr. Smith served as an Executive Multiple Management Board (MMB) sponsor and Regional MMB mentor. Mr. Smith's leadership and contributions will be important to McCormick's future growth.

Brendan Foley

Mr. Brendan M. Foley is President - Global Consumer and North America of the Company. Mr. Foley was President - U.S. Consumer of the McCormick & Company, Incorporated. Mr. Foley will have responsibility for Sales, Marketing, R&D, Finance, Manufacturing, Supply Chain and Human Resources for the business unit with iconic brands including McCormick, OLD BAY, Lawry's and Zatarain's. Foley comes to McCormick from H. J. Heinz, where he worked for more than 15 years. In his most recent role, he served as the Zone President for Heinz North America. He also served as President for the U.S. Consumer Products business at Heinz, as well as President of the U.S. Foodservice business and held leadership roles in marketing and brand management across a wide portfolio of products. Prior to joining Heinz, Mr. Foley worked in marketing for General Mills and Ketchum Advertising-Chicago. He holds a Bachelor of Science degree from Miami University of Ohio. He brings a tremendous amount of industry experience and a people oriented leadership style to McCormick. Mr. Foley will be an important driver of future growth for the Company.

Malcolm Swift

Mr. Malcolm Swift is President - Global Industrial and McCormick International of the Company. Mr. Swift was President, Global Industrial and McCormick International (2016 to present); President, Global Industrial (2015 to 2016); President – EMEA and Asia Pacific (2014 to present); President – EMEA (2008 to 2014); McCormick & Company, Inc.

Jeffery Schwartz

Mr. Jeffery D. Schwartz is Vice President, General Counsel, Secretary of the company. Mr. Schwartz joined McCormick in 2008 and became Associate General Counsel in 2011. Prior to McCormick, he worked in private practice for the law firms of Jones Day and Akin, Gump, Strauss, Hauer and Feld where he gained valuable legal experience in Washington DC and Moscow, Russia. Mr. Schwartz earned his Bachelor's degree in Mechanical Engineering from North Dakota State University, an MBA from the University of Wisconsin-LaCrosse and his law degree from American University's Washington College of Law. Mr. Schwartz has been heavily involved in McCormick's Mergers and Acquisitions work for the past six years with important roles in the Kamis S.A., Eastern Condiments Private Ltd., Koohinoor Foods Ltd. and Wuhan Asia-Pacific Condiments Co. Ltd. acquisitions. He also serves as the Secretary for the Audit Committee and works closely with our Technical and Engineering teams on McCormick patents. Mr. Schwartz is an Emeritus member of the Global Multiple Management Board (MMB), McCormick's acclaimed professional development program.

Michael Mangan

Mr. Michael D. Mangan is Lead Independent Director of the Company. Mr. Mangan served as the President of the Worldwide Power Tools and Accessories (WPTA) group of The Black & Decker Corporation until its acquisition in 2010 by The Stanley Works. In that role he provided strategic leadership of the WPTA group, and had oversight over the consumer marketing activities of that group in the international consumer marketplace. Service as President of the WPTA group, and past service as the Chief Financial Officer of The Black & Decker Corporation, broadened Mr. Mangan’s international experience and provided an in-depth understanding of the company’s key international markets. Service as the Chief Financial Officer of The Black & Decker Corporation, and prior service as the Executive Vice President & Chief Financial Officer of The Ryland Group, Inc., included responsibilities for overseeing the performance of those companies’ public accountants in the preparation, auditing and evaluation of financial statements, business planning, corporate finance and investments, internal controls, and information systems. Although he no longer serves as a member of the Audit Committee, the McCormick Board of Directors has determined that Mr. Mangan meets the standards of an “audit committee financial expert” under the rules of the SEC.

Gary Rodkin

Mr. Gary M. Rodkin is Director of the Company. Mr. Rodkin is a seasoned and successful former Chief Executive Officer who has led major consumer products goods businesses and companies. Most recently, Mr. Rodkin served as the President and Chief Executive Officer of ConAgra Foods, Inc. from 2005 to 2015, where he transformed ConAgra from a holding company into one unified business with a balanced portfolio of consumer, commercial and private-brand businesses and strong operating capabilities. Prior to joining ConAgra, Mr. Rodkin served as Chairman and Chief Executive Officer of the Beverages and Food division at PepsiCo, Inc., where he was accountable for two lines of business, PepsiCo Beverages North America and Quaker Foods North America. Previously, Mr. Rodkin spent sixteen years with General Mills, Inc. in a variety of management roles. Mr. Rodkin currently serves on the board of Simon Property Group, Inc., an equity real estate investment trust, as well as on the non-profit boards of Feeding America, a hunger-relief charity, and as the Vice Chairman of the Board of Overseers for Rutgers University. Mr. Rodkin is a Fellow of Executive Education at Harvard Business School, and an Executive in Residence at Rutgers University.

W. Anthony Vernon

Mr. W. Anthony (Tony) Vernon is Director of the company. He has served as CEO of the Kraft Foods Group from 2012 to 2014 and remained with the company as a Senior Advisor and Executive Director until April 2015. He was the first CEO of the newly formed company when Kraft Foods split its snack and grocery divisions into two independent public companies. Mr. Vernon also served as Executive Vice President of Kraft Foods and President ofNorth Americafrom 2009 to 2012. Prior to joining Kraft, Mr. Vernon served as Healthcare Industry Partner of Ripplewood Holdings LLC, a private equity firm. He also held several leadership roles at Johnson & Johnson where he spent 23 years of his career managing some of the company's largest consumer brands including Tylenol, Motrin, Pepcid AC, Imodium and Splenda. Mr. Vernon also served as President of Centocor, Johnson & Johnson's biotechnology portfolio of operating companies.

Alan Wilson

Mr. Alan D. Wilson has been appointed as Non-Executive Director of the Company. Mr. Wilson serves as a director on the Company’s Board. Previously, he served as the Executive Chairman of the Board from 2016 to January 31, 2017. In his role as Executive Chairman, Mr. Wilson was responsible for the strategic leadership of the Company and for coordination with the Company’s Board of Directors, both in cooperation with the Company’s President and CEO. He has extensive knowledge of consumer goods marketing in general, with a specific knowledge of the business, markets, and customers within the food industry in particular, and has hands-on experience in directing the day-to-day operations of our large, multi-faceted, consumer and industrial foods business. He previously served as the Chairman (2009 to 2016), President (2007 to 2015), and Chief Executive Officer (2008 to 2016) of McCormick. He has also served in a variety of other roles with the Company, thereby gaining an understanding of the different aspects of the Company’s operations and the food industry. Prior roles include (a) President of the Company’s North American Consumer Foods group and Supply Chain (2005 to 2006), (b) President of the Company’s U.S. Consumer Foods group (2003 to 2005), (c) Vice President and General Manager – Sales & Marketing of the Company’s U.S. Consumer Products Division (2001 to 2003), (d) President of the McCormick Canada consumer and industrial products business (1998 to 2001), (e) President of the Company’s Tubed Products’ plastic tubes business (1996 to 1998), which was sold in 2003, and (f) responsibility for the Company’s supply chain (1993 to 1996). Prior to joining McCormick, Mr. Wilson worked for nine years at Procter & Gamble. In these various roles, Mr. Wilson developed a broad knowledge of the Company’s markets – both domestic and foreign, and consumer and industrial – and had senior level responsibility for strategic planning and leadership with respect to these businesses.

Michael Conway

Mr. Michael A. Conway is an Independent Director of the Company. Mr. Conway is the President, Global Channel Development of Starbucks Corporation. Mr. Conway is a Senior Officer and Executive Team Member with full profit and loss (P&L) responsibility for the global $1.5 billion Starbucks consumer packaged goods, licensed store and foodservice business. He has responsibility for all commercial and business strategy functions and is driving aggressive plans to expand into emerging international markets. Prior to Starbucks, Mr. Conway served as worldwide President of McNeil Nutritional, a division of Johnson & Johnson, where he was responsible for global strategy and P&L delivery for McNeil Nutritionals across five franchises - SPLENDA, NECTRESSE, LACTAID, BENECOL and VIACTIV. Mr. Conway also spent 10 years at Campbell Soup Co. where he rose to Vice President of Marketing for the Adult Simple Meals Division. Mr. Conway is a native of Baltimore, Md. He holds a Bachelor of Arts degree from Duke University as well as Master of Business Administration from The Wharton School of the University of Pennsylvania.

J. Michael Fitzpatrick

Dr. J. Michael Fitzpatrick is an Independent Director of the Company. He currently serves as a director of Hilex Poly Co. LLC, a privately held company. He was formerly the Chairman and President of Citadel Plastics Holdings, Inc., a privately held company, and formerly served as the President and Chief Operating Officer at Rohm and Haas, which was a public multinational company until its acquisition by Dow Chemical, where he served for over 30 years. Dr. Fitzpatrick’s international experience with Rohm and Haas included service in marketing and business management roles in Brazil and Italy, service in general and regional management positions in Mexico and the United Kingdom, and global responsibility for various Rohm and Haas businesses from 1999 to 2005. He has experience both at Citadel Plastics and at Rohm and Haas in overseeing the performance of public accountants in the preparation, auditing and evaluation of financial statements, and has served as a member of the audit committee of the board of directors of Carpenter Technology Corporation. The McCormick Board of Directors has determined that Dr. Fitzpatrick is an “audit committee financial expert” under the rules of the SEC. Service with Rohm and Haas and Citadel Plastics has involved Dr. Fitzpatrick in over 45 acquisitions, dispositions, and joint ventures.

Freeman Hrabowski

Dr. Freeman A. Hrabowski, III, Ph.D., is an Independent Director of the Company. Dr. Hrabowski has served as the President of the University of Maryland, Baltimore County (UMBC) since 1992, and his strategic leadership of that organization has been widely recognized. In 2008, he was named one of America’s Best Leaders by U.S. News & World Report, which in each of the last six years has ranked UMBC the number one “Up and Coming” university in the nation. In 2009, Time Magazine named him one of America’s 10 Best College Presidents, and, in 2012, named him as one of the “100 Most Influential People in the World.” His career has been devoted to education and to helping students become future leaders in science, technology, and engineering, with a special emphasis on minority and underrepresented groups. In this regard, under former President Obama, Dr. Hrabowski chaired the President’s Advisory Commission on Educational Excellence for African-Americans. Dr. Hrabowski’s governmental experience includes working closely with the National Institutes of Health, the National Academy of Sciences, the National Science Foundation, and the U.S. Department of Education, as well as various agencies of the State of Maryland. Dr. Hrabowski is also a nationally recognized expert on marketing and recruitment in higher education, and works extensively with colleges and universities around the nation on such matters.

Patricia Little

Ms. Patricia A. Little is Independent Director of the Company. Ms. Little has over 25 years of experience across a broad range of roles in accounting, treasury, and finance functions at both the corporate and operating levels. Ms. Little’s current service as the Senior Vice President & Chief Financial Officer of The Hershey Company requires management of an internationally-based financial organization. Responsibilities include the oversight of internal controls and financial systems on an international basis, the identification of enterprise risks, the oversight of the performance of the organization’s public accountants in the preparation, auditing and evaluation of financial statements, and capital planning for The Hershey Company. As Senior Vice President & Chief Financial Officer, she regularly interacts with the audit committee of the board of directors of that company. Prior to joining The Hershey Company, Ms. Little’s service at Kelly Services, Inc. as Executive Vice President & Chief Financial Officer entailed similar responsibilities as at The Hershey Company. Her position at the Ford Motor Company as its general auditor and head of global accounting included responsibilities for managing global internal and external audit functions. As was true of her service with the Ford Motor Company and Kelly Services, her position at The Hershey Company requires travel to, and a detailed understanding of, her company’s international operations and the local legal and accounting requirements bearing on her area of oversight.

Maritza Montiel

Ms. Maritza G. Montiel is an Independent Director of the Company. Ms. Montiel served for more than 40 years at Deloitte LLP before retiring in June 2014. Her most recent appointment was as Deputy Chief Executive Officer and Vice Chairman of the firm’s U.S. business. As Deputy CEO, Ms. Montiel led a variety of strategic initiatives including the transformation of the $1.4 billion Federal Government Services Practice. She was also a member of the Deloitte Touche Tohmatsu Limited Global Board of Directors. Prior to her most recent role with Deloitte, Ms. Montiel served as Regional Managing Partner for the Southwest Region in which she led the organization through significant growth, from $600 million in revenue and a 1,800 member team to over $2 billion in revenue and a team of 9,000. Ms. Montiel was also the Managing Partner responsible for Leadership Development & Succession, as well as Deloitte University where she developed and implemented a $350 million strategic initiative aimed at transforming Deloitte’s professional development curriculum and training the next generation of leaders.

Margaret Preston

Ms. Margaret M. V. Preston is an Independent Director of the Company. Ms. Preston’s past service as the Global Chief Financial Officer of Deutsche Bank, Private Wealth Management and as a Managing Director and Regional Executive of US Trust, Bank of America Private Wealth Management, and her current service as a Managing Director of TD Bank Private Wealth Management has afforded to Ms. Preston the opportunity to provide financial oversight and strategic leadership and direction to those organizations. As Treasurer of Alex. Brown Incorporated, Ms. Preston provided direction in the development of a collateral management system for margin loan management, and her role at US Trust included responsibility for the management of compliance and risk at the Private Wealth Management group for over $20 billion of assets under management at that organization. Ms. Preston has a well-developed experience in mergers and acquisitions, and the integration of acquired businesses, in consequence of her work, first at Alex. Brown as a Merger & Acquisition Manager, and subsequent work on the integration of the Bankers Trust Company and Alex. Brown businesses into Deutsche Bank, and the integration of Merrill Lynch operations into the Bank of America Private Wealth Management platform.

Jacques Tapiero

Mr. Jacques Tapiero is Independent Director of the Company. Mr. Tapiero served as Senior Vice President and President, Emerging Markets of Eli Lilly and Company, the Indianapolis, Indiana-based global pharmaceutical company, from 2009 until his retirement from that company on January 31, 2014, after 31 years of service. He was also a member of the Executive Committee of Eli Lilly. The Emerging Markets Business Unit focused on many of the organization’s fastest growing markets, such as China, Russia, Brazil, Mexico, South Korea and Turkey, and Mr. Tapiero was responsible for Lilly’s business in more than 70 countries. Prior to becoming President, Emerging Markets, Mr. Tapiero held the position of President of the Intercontinental Region for Lilly, with operations in Asia, Australia, Africa, the Middle East, Canada, Latin America and Russia (2004 to 2009). He also served as President and General Manager of Lilly France (2000 to 2004); President and General Manager of Eli Lilly do Brasil Ltd (1995 to 1999); and Managing Director of Lilly Sweden (1993 to 1995). Mr. Tapiero joined Lilly in 1983 as a financial analyst, and held several financial management, sales and marketing management positions in the United States, Switzerland and France. Mr. Tapiero is a senior advisor to McKinsey and Company Pharmaceuticals and Medical Products practice, and a director of Esteve – Spain (a private chemical and pharmaceuticals group). He is also a member of the Thunderbird Executive Leadership Council.

Joyce Brooks

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