McCormick & Company, Incorporated (NYSE:MKC) has announced the appointment of Valarie Sheppard to its Board of Directors effective June 1, 2024. Sheppard, retired Executive Vice President, Controller, and Treasurer of the Procter & Gamble Company, brings over 35 years of experience in finance and accounting to the board.
Sheppard's appointment is part of the board’s commitment to its continuous refreshment process, ensuring it has a relevant mix of skills and experiences that complement McCormick’s strategy and promote effective governance practices.
With Sheppard’s appointment, the Board of Directors of McCormick will be comprised of 13 directors, 11 of which are independent.
McCormick & Company, Incorporated is a global leader in flavor, with over $6.5 billion in annual sales across 150 countries and territories. The company manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers, and foodservice businesses.
McCormick's 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. The market has reacted to these announcements by moving the company's shares -0.3% to a price of $73.77. For the full picture, make sure to review McCormick &'s 8-K report.
