McCormick & Company, Incorporated (MKC)

75.64 +0.99 (+1.33%) At close: 04:00PM 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
Industry: Packaged Foods
Full-time employees: 14,200

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Lawrence E. Kurzius	Exec. Chairman	1.83M	6.35M	1958
Mr. Brendan M. Foley	Pres, CEO & Director	1.15M	2.48M	1966
Mr. Michael R. Smith	Exec. VP & CFO	980.65k	1.32M	1965
Mr. Jeffery D. Schwartz	VP, Gen. Counsel & Corp. Sec.	802.88k	N/A	1970
Mr. Malcolm S. Swift	Exec. VP	750.18k	2.48M	1960
Ms. Lori Amos Robinson	VP of Corp. Communications, Corp. Branding and Culinary Marketing	N/A	N/A	N/A
Ms. Sarah J. Piper	Chief Human Relations Officer	N/A	N/A	1977
Ms. Kasey A. Jenkins	Chief Growth Officer	N/A	N/A	N/A
Ms. Ana Sanchez	Pres of Europe & Middle East and Africa (EMEA)	N/A	N/A	N/A
Mr. Andrew Foust	Pres of Americas	N/A	N/A	N/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.