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United States

McCormick & Company Inc (MKC)

MKC on New York Consolidated

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8 Dec 2016
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Summary

Name Age Since Current Position

Alan Wilson

58 2016 Executive Chairman of the Board

Lawrence Kurzius

57 2016 President, Chief Executive Officer, Director

Michael Smith

2016 Chief Financial Officer, Executive Vice President

Brendan Foley

50 2016 President - Global Consumer and North America

Malcolm Swift

55 2016 President - Global Industrial and McCormick International

Gordon Stetz

55 2016 Executive Vice President, Director

Michael Mangan

59 2009 Lead Independent Director

Michael Conway

49 2015 Independent Director

J. Michael Fitzpatrick

69 2001 Independent Director

Freeman Hrabowski

65 1997 Independent Director

Patricia Little

55 2010 Independent Director

Maritza Montiel

64 2015 Independent Director

Margaret Preston

58 2003 Independent Director

Jacques Tapiero

57 2012 Independent Director

Joyce Brooks

Vice President - Investor Relations

Biographies

Name Description

Alan Wilson

Mr. Alan D. Wilson has been appointed as Non-Executive Director of the Company, with effect from January 31, 2017. He is no longer Executive Chairman of the Board of the Company, with effect from January 31, 2017. Mr. Wilson serves as the Executive Chairman of the Board (since 2016). In his present role, Mr. Wilson is 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.

Lawrence Kurzius

Mr. Lawrence Erik Kurzius has been appointed as 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 has been appointed as 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 Foley is President - Global Consumer and North America of the Company. He 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 (2015 to 2016), President – EMEA and Asia Pacific (2014 to present); President – EMEA (2008 to 2014)

Gordon Stetz

Mr. Gordon Mckenzie Stetz, Jr. is no longer Executive Vice President, Director of the Company, effective December 31, 2016. Mr. Stetz became Director of the Company on January 25, 2011. He was appointed Executive Vice President & Chief Financial Officer of the Company since 2007. In that role, Mr. Stetz has oversight responsibility for all aspects of the finance function, including financial reporting, accounting, internal controls and financial systems, the identification of enterprise risks, capital planning, and the performance of the organization’s public accountants. He has also served in a variety of other roles within the Company, thereby gaining an understanding of the different facets of the Company’s operations and the food industry generally. Prior to assuming his present duties, Mr. Stetz was (a) Vice President–Acquisitions and Financial Planning (1998 to 2002), (b) Vice President – Finance and Administration at the Company’s U.S. Consumer Products Division (2002 to 2005), and (c) Chief Financial Officer & Vice President–Finance for the Europe, Middle East, and Africa region (2005 to 2007). In these various roles, Mr. Stetz developed a broad knowledge of the Company’s business, markets and customers – both in the United States and internationally.

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 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. The McCormick Board of Directors has determined that Mr. Mangan is an “audit committee financial expert” under the rules of the SEC.

Michael Conway

Mr. Michael A. Conway is an Independent Director of the Company. He 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. Dr. Fitzpatrick 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 four 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 Top 100 Most Influential People. In 2011, he received the Carnegie Corporation of New York’s Academic Leadership Award, recognized by many as being one of the nation’s highest awards among higher education leaders. 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. 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.

Patricia Little

Ms. Patricia A. Little is Independent Director of the Company. Ms. Little has over 20 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 Executive Vice President & Chief Financial Officer of Kelly Services, Inc. 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 Kelly Services. As Executive Vice President & Chief Financial Officer, she regularly interacts with the audit committee of the board of directors of that company. Ms. Little’s service at the Ford Motor Company as its general auditor included responsibilities for managing that company’s global internal audit function and required that Ms. Little identify and implement opportunities for cost savings and improved processes. As was true of her service with the Ford Motor Company, her position at Kelly Services 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. She is the retired (2014) Deputy CEO & Vice Chairman of Deloitte LLP. Ms. Montiel served for more than 40 years at Deloitte before retiring in June 2014. Her most recent appointment was as Deputy CEO 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 Southeast 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. A resident of Coral Gables, Fl, Ms. Montiel earned her Bachelors in Business Administration in Accounting from the University of Miami.

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 her current service as a Managing Director and Regional Executive of US Trust, Bank of America 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 includes 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 serves as Senior Vice President and President, Emerging Markets of Eli Lilly and Company, the Indianapolis, Indiana-based global pharmaceutical company (2009 to present). He is also a member of the Executive Committee of that company. The Emerging Markets Business Unit is focused on many of the world’s fastest growing markets, such as China, Russia, Brazil, Mexico, South Korea and Turkey, and Mr. Tapiero is responsible for Lilly’s business in more than 70 countries. Prior to assuming his present duties, 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 has held several financial management, sales and marketing management positions in the United States, Switzerland and France. Mr. Tapiero is a member of the Thunderbird Global Council.

Joyce Brooks