New Chairman Named at McCormick & Co.

By Bobby Samwell • Monday, November 25 16:34 • Permanent Link

Brendan Foley will succeed Lawrence Kurzius as the Chairman of the Board for McCormick & Company, effective January 1, 2025. Kurzius, who served as the Executive Chairman of the Board for eight years, will continue as a Board member but will not stand for re-election at the Company’s annual shareholder meeting in March 2025.

Foley, who transitioned into the role of Chief Executive Officer in September 2023, will now take on the additional responsibility of Chairman. He has been with McCormick for 10 years and has held various leadership roles, including President U.S. Consumer, President North America, President Global Consumer, Americas, and Asia, and President and Chief Operating Officer.

McCormick reported annual sales of over $6.5 billion across 150 countries and territories. The company operates in two segments, Consumer and Flavor Solutions, and its popular brands include McCormick, French’s, Frank’s RedHot, and OLD BAY, among others.

The press release emphasizes the company's commitment to sustainable growth and its vision of a world united by flavor, where healthy, sustainable, and delicious go hand in hand. Following these announcements, the company's shares moved -0.4%, and are now trading at a price of $77.28. For the full picture, make sure to review McCormick &'s 8-K report.

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