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McCormick & Company, Incorporated (MKC)


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McCormick & Company, Incorporated

18 Loveton Circle
Sparks, MD 21152
United States
410-771-7301
http://www.mccormickcorporation.com

SectorConsumer Goods
IndustryProcessed & Packaged Goods
Full Time Employees10,500

Key Executives

NameTitlePayExercisedAge
Mr. Lawrence E. KurziusChairman, Chief Exec. Officer and Pres2.78MN/A59
Mr. Michael R. SmithChief Financial Officer and Exec. VP1.07MN/A52
Mr. Jeffery D. SchwartzVP, Gen. Counsel and Corp. Sec.779.97kN/A47
Mr. Malcolm S. SwiftPres-Europe, Middle East, Africa & APAC & Pres-Global Industrial & McCormick International1.07M1.33M57
Mr. Brendan F. FoleyPres of Global Consumer Bus. & North America1.16MN/A51
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is 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. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, Lawry’s, Club House, Gourmet Garden, OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names 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 or wholesalers. The Industrial 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 based in Sparks, Maryland.

Corporate Governance

McCormick & Company, Incorporated’s ISS Governance QualityScore as of July 1, 2017 is 10. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 10; Compensation: 8.

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 a 10 indicates higher governance risk.