McCormick Management
Management criteria checks 3/4
McCormick's CEO is Brendan Foley, appointed in Jun 2022, has a tenure of 1.42 years. total yearly compensation is $3.15M, comprised of 27% salary and 73% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth €5.60M. The average tenure of the management team and the board of directors is 1.6 years and 8.7 years respectively.
Key information
Brendan Foley
Chief executive officer
US$3.2m
Total compensation
| CEO salary percentage | 27.0% |
| CEO tenure | 1.4yrs |
| CEO ownership | 0.03% |
| Management average tenure | 1.6yrs |
| Board average tenure | 8.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Aug 31 2023 | n/a | n/a | US$647m |
| May 31 2023 | n/a | n/a | US$700m |
| Feb 28 2023 | n/a | n/a | US$666m |
| Nov 30 2022 | US$3m | US$852k | US$682m |
| Aug 31 2022 | n/a | n/a | US$694m |
| May 31 2022 | n/a | n/a | US$683m |
| Feb 28 2022 | n/a | n/a | US$748m |
| Nov 30 2021 | US$4m | US$790k | US$755m |
| Aug 31 2021 | n/a | n/a | US$759m |
| May 31 2021 | n/a | n/a | US$752m |
| Feb 28 2021 | n/a | n/a | US$765m |
| Nov 30 2020 | US$7m | US$758k | US$747m |
| Aug 31 2020 | n/a | n/a | US$760m |
| May 31 2020 | n/a | n/a | US$746m |
| Feb 29 2020 | n/a | n/a | US$699m |
| Nov 30 2019 | US$4m | US$723k | US$703m |
| Aug 31 2019 | n/a | n/a | US$703m |
| May 31 2019 | n/a | n/a | US$685m |
| Feb 28 2019 | n/a | n/a | US$659m |
| Nov 30 2018 | US$6m | US$676k | US$933m |
| Aug 31 2018 | n/a | n/a | US$895m |
| May 31 2018 | n/a | n/a | US$830m |
| Feb 28 2018 | n/a | n/a | US$807m |
| Nov 30 2017 | US$3m | US$595k | US$477m |
| Aug 31 2017 | n/a | n/a | US$459m |
| May 31 2017 | n/a | n/a | US$479m |
| Feb 28 2017 | n/a | n/a | US$472m |
| Nov 30 2016 | US$2m | US$520k | US$472m |
Compensation vs Market: Brendan's total compensation ($USD3.15M) is about average for companies of similar size in the BG market ($USD4.12M).
Compensation vs Earnings: Brendan's compensation has been consistent with company performance over the past year.
CEO
Brendan Foley (57 yo)
1.4yrs
Tenure
US$3,154,603
Compensation
Mr. Brendan M. Foley serves as President of McCormick & Company, Incorporated since June 01, 2022 and serves as its Chief Executive Officer since September 1, 2023. He was Chief Operating Officer of McCorm...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 8yrs | US$10.43m | 0.18% € 29.1m | |
| President | 1.4yrs | US$3.15m | 0.034% € 5.6m | |
| Executive VP & CFO | 7.2yrs | US$3.28m | 0.040% € 6.5m | |
| VP, General Counsel & Corporate Secretary | 8.9yrs | US$2.40m | 0.021% € 3.4m | |
| Executive Vice President | less than a year | US$2.35m | 0.033% € 5.5m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Vice President of Corporate Communications | 12.8yrs | no data | no data | |
| Chief Human Relations Officer | less than a year | no data | 0.00074% € 120.9k | |
| Chief Growth Officer | less than a year | no data | 0.00044% € 71.9k | |
| President of Europe & Middle East and Africa (EMEA) | 1.8yrs | no data | 0.00093% € 152.0k | |
| President of Americas | no data | no data | 0.0011% € 181.4k | |
| VP & Treasurer | 12yrs | no data | no data |
1.6yrs
Average Tenure
57.5yo
Average Age
Experienced Management: MCX's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 8yrs | US$10.43m | 0.18% € 29.1m | |
| President | less than a year | US$3.15m | 0.034% € 5.6m | |
| Lead Independent Director | 16.8yrs | US$275.09k | 0.016% € 2.6m | |
| Independent Director | 26.8yrs | US$265.09k | 0.038% € 6.2m | |
| Independent Director | 6.8yrs | US$250.09k | 0.0035% € 578.4k | |
| Independent Director | 20.2yrs | US$250.09k | 0.039% € 6.4m | |
| Independent Director | 6.5yrs | US$270.09k | 0.0034% € 562.1k | |
| Independent Director | 11.2yrs | US$250.09k | 0.011% € 1.7m | |
| Independent Director | 13.5yrs | US$250.09k | 0.0092% € 1.5m | |
| Independent Director | 8.5yrs | US$270.09k | 0.0035% € 568.6k | |
| Independent Director | 8.8yrs | US$250.09k | 0.0052% € 854.6k | |
| Independent Director | 3.8yrs | US$250.09k | 0.0015% € 241.8k |
8.7yrs
Average Tenure
65.5yo
Average Age
Experienced Board: MCX's board of directors are considered experienced (8.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/18 08:12 |
| End of Day Share Price | 2023/08/21 00:00 |
| Earnings | 2023/08/31 |
| Annual Earnings | 2022/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
McCormick & Company, Incorporated is covered by 32 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Andrew Lazar | Barclays |