HUNT VALLEY, Md., June 26, 2024 /PRNewswire/ -- McCormick &
Company, Incorporated (NYSE: MKC), a global leader in flavor, today
announced the promotion of Marcos
Gabriel to Executive Vice President and Chief Financial
Officer (CFO), effective December 1,
2024. On that date, Mike
Smith will continue with the company as Executive Vice
President until his retirement on February
28, 2025. Mr. Smith has served as Executive Vice
President and CFO since 2016.
"Mike has been an integral leader for McCormick for more than
three decades," said Brendan M.
Foley, President and Chief Executive Officer (CEO) for
McCormick. "Since he stepped into the role as CFO, sales grew
at an industry leading pace of over 50% and we delivered
significant shareholder value. His strategic leadership and
focus on value creation have been instrumental in driving top-tier
organic growth and the successful acquisition of iconic brands like
Frank's RedHot, French's, and Cholula in addition to the FONA
flavor business. Mike's deep knowledge of our global
organization and effective execution of our Comprehensive
Continuous Improvement (CCI) and other transformation initiatives
have fueled our investments to drive long-term, differentiated, and
profitable growth. His transformational leadership and belief
in talent development helped McCormick build a world class global
finance organization. I thank him for his contributions and
congratulate him on his upcoming retirement."
In his new role as Executive Vice President and CFO, Mr. Gabriel
will lead the company's global finance organization and global
business services team. He will report to Brendan Foley, President and CEO, and will be a
member of the Company's Management Committee. Mr. Gabriel,
who is currently Senior Vice President, Global Finance and Capital
Markets, joined McCormick in 2017 as CFO, Americas and has also
held the role of Chief Transformation Officer where he led the
global team responsible for driving enterprise-wide initiatives to
enable effectiveness and growth. Prior to joining McCormick, Mr.
Gabriel served in a variety of leadership roles at Avon, Unilever,
and Eli Lilly across Europe, North
and Latin America. He
currently serves on the Board of Directors for the National Life
Group.
"Marcos is a proven global leader with over twenty-five years of
experience in the Consumer Products industry. Over the last
seven years, he served in key senior leadership roles at McCormick,
contributing meaningfully to our track record of profitable growth
and improved productivity" said Brendan M.
Foley. "Marcos is a strategic leader and his expertise
in finance, digital transformation, and business development across
major multinational companies will be instrumental as we continue
to advance our leadership and differentiation. I am thrilled
to congratulate Marcos on his promotion and look forward to
continuing to partner with him to deliver long-term profitable
growth and drive value for shareholders."
About McCormick
McCormick is a global leader in flavor. With over
$6.5 billion in annual sales across
150 countries and territories, we manufacture, market and
distribute herbs, spices, seasonings, condiments and flavors to the
entire food and beverage industry including retailers, food
manufacturers and foodservice businesses. Our 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,
Gourmet Garden, FONA and Giotti. The breadth and reach of our
portfolio uniquely position us to capitalize on the consumer demand
for flavor in every sip and bite, through our products and our
customers' products. We operate in two segments, Consumer and
Flavor Solutions, which complement each other and reinforce our
differentiation. The scale, insights and technology that we
leverage from both segments are meaningful in driving sustainable
growth.
Founded in 1889 and headquartered in Hunt Valley, Maryland USA,
McCormick is guided by our principles and committed to our Purpose
– To Stand Together for the Future of Flavor. McCormick envisions A
World United by Flavor where healthy, sustainable and delicious go
hand in hand.
To learn more, visit www.mccormickcorporation.com or
follow McCormick & Company on Instagram and LinkedIn.
For information contact:
Investor Relations:
Faten Freiha - faten_freiha@mccormick.com
Global Communications:
Lori Robinson - lori_robinson@mccormick.com
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SOURCE McCormick & Company, Incorporated