McCormick appoints Brendan Foley as CEO effective Sept 1, 2023; Kurzius becomes Executive Chairman

MCCORMICK & CO INC

Brendan Foley promoted to President & CEO, effective Sept 1, 2023; elected to Board immediately.
Lawrence Kurzius steps down as CEO but continues as Executive Chairman; comp unchanged through Nov 30, then $1.25M base, no bonus.
Foley base salary $1.1M, target bonus 150% of base (max 300%); to participate in long-term equity plan.
Under Kurzius, sales grew >50%, market cap >2x, acquisitions of Frank's RedHot, French's, Cholula, FONA.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Brendan M. Foley

director

MKC · MCCORMICK & CO INC

Effective: 2023-06-27
Filed: June 28, 2023, 7:59 PM ET

In addition, on June 27, 2023, the Board voted to increase its size from eleven to twelve members and elected Mr. Foley as a director with immediate effect.

Appointed

Brendan M. Foley

President and Chief Executive Officer

MKC · MCCORMICK & CO INC

Effective: 2023-09-01
Filed: June 28, 2023, 7:59 PM ET

On June 27, 2023, the Board of Directors (the “Board”) of McCormick & Company, Incorporated (“McCormick”) appointed Brendan M. Foley as President and Chief Executive Officer of McCormick effective September 1, 2023.

Role change

Lawrence E. Kurzius

Executive Chairman of the Board

MKC · MCCORMICK & CO INC

Effective: 2023-09-01
Successor: Brendan M. Foley
Filed: June 28, 2023, 7:59 PM ET

Mr. Foley will replace Lawrence E. Kurzius who will step down from his role as Chief Executive Officer effective September 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Brendan M. Foley was elected as director at MCCORMICK & CO INC.

Action: elected
Role: director

Exact text from the filing

In addition, on June 27, 2023, the Board voted to increase its size from eleven to twelve members and elected Mr. Foley as a director with immediate effect.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Brendan M. Foley was appointed as President and Chief Executive Officer at MCCORMICK & CO INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On June 27, 2023, the Board of Directors (the “Board”) of McCormick & Company, Incorporated (“McCormick”) appointed Brendan M. Foley as President and Chief Executive Officer of McCormick effective September 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Lawrence E. Kurzius changed role as Executive Chairman of the Board at MCCORMICK & CO INC.

Action: stepped down as CEO, will continue as Executive Chairman
Role: Executive Chairman of the Board

Exact text from the filing

Mr. Foley will replace Lawrence E. Kurzius who will step down from his role as Chief Executive Officer effective September 1, 2023.

View on SEC.gov

MCCORMICK & CO INC filing history →

Source: SEC EDGAR

accession 0000063754-23-000027

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