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McCormick & Company, Incorporated (MKC)

NYSE - NYSE Delayed price. Currency in USD
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75.64+0.99 (+1.33%)
At close: 04:00PM EDT
75.86 +0.22 (+0.29%)
After hours: 06:12PM EDT

McCormick & Company, Incorporated

24 Schilling Road
Suite 1
Hunt Valley, MD 21031
United States
410 771 7301
https://www.mccormickcorporation.com

Sector(s)Consumer Defensive
IndustryPackaged Foods
Full-time employees14,200

Key executives

NameTitlePayExercisedYear born
Mr. Lawrence E. KurziusExec. Chairman1.83M6.35M1958
Mr. Brendan M. FoleyPres, CEO & Director1.15M2.48M1966
Mr. Michael R. SmithExec. VP & CFO980.65k1.32M1965
Mr. Jeffery D. SchwartzVP, Gen. Counsel & Corp. Sec.802.88kN/A1970
Mr. Malcolm S. SwiftExec. VP750.18k2.48M1960
Ms. Lori Amos RobinsonVP of Corp. Communications, Corp. Branding and Culinary MarketingN/AN/AN/A
Ms. Sarah J. PiperChief Human Relations OfficerN/AN/A1977
Ms. Kasey A. JenkinsChief Growth OfficerN/AN/AN/A
Ms. Ana SanchezPres of Europe & Middle East and Africa (EMEA)N/AN/AN/A
Mr. Andrew FoustPres of AmericasN/AN/AN/A
Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. McCormick & Company, Incorporated was founded in 1889 and is headquartered in Hunt Valley, Maryland.

Corporate governance

McCormick & Company, Incorporated’s ISS governance QualityScore as of 28 September 2023 is 10. The pillar scores are Audit: 6; Board: 8; Shareholder rights: 10; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.