McCormick Management
Management criteria checks 2/4
McCormick's CEO is Brendan Foley, appointed in Jun 2022, has a tenure of 2.5 years. total yearly compensation is $5.21M, comprised of 18.3% salary and 81.7% bonuses, including company stock and options. directly owns 0.037% of the company’s shares, worth MX$157.16M. The average tenure of the management team and the board of directors is 1.8 years and 9.3 years respectively.
Key information
Brendan Foley
Chief executive officer
US$5.2m
Total compensation
| CEO salary percentage | 18.3% |
| CEO tenure | 2.5yrs |
| CEO ownership | 0.04% |
| Management average tenure | 1.8yrs |
| Board average tenure | 9.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Aug 31 2024 | n/a | n/a | US$793m |
| May 31 2024 | n/a | n/a | US$740m |
| Feb 29 2024 | n/a | n/a | US$708m |
| Nov 30 2023 | US$5m | US$954k | US$681m |
| 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$933m |
Compensation vs Market: Brendan's total compensation ($USD5.21M) is about average for companies of similar size in the MX market ($USD5.65M).
Compensation vs Earnings: Brendan's compensation has increased by more than 20% in the past year.
CEO
Brendan Foley (58 yo)
2.5yrs
Tenure
US$5,213,174
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 | 9.1yrs | US$12.60m | 0.19% MX$ 791.0m | |
| President | 2.5yrs | US$5.21m | 0.037% MX$ 157.2m | |
| VP, General Counsel & Corporate Secretary | 10yrs | US$3.20m | 0.023% MX$ 97.3m | |
| Chief Human Relations Officer | 2yrs | US$1.78m | 0.0016% MX$ 6.7m | |
| Executive Vice President | no data | US$4.36m | 0.042% MX$ 175.7m | |
| Executive Vice President & Chief Financial Officer | no data | no data | 0.0027% MX$ 11.5m | |
| Chief Science Officer | less than a year | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Vice President of Corporate Communications | 13.9yrs | no data | no data | |
| Chief Marketing Officer | no data | no data | no data | |
| Chief Growth Officer | 1.5yrs | no data | no data | |
| President of Europe & Middle East and Africa (EMEA) | 2.9yrs | no data | 0.0026% MX$ 10.7m |
1.8yrs
Average Tenure
54.5yo
Average Age
Experienced Management: MKC *'s management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 9.1yrs | US$12.60m | 0.19% MX$ 791.0m | |
| President | 1.5yrs | US$5.21m | 0.037% MX$ 157.2m | |
| Lead Independent Director | 17.9yrs | US$280.04k | 0.017% MX$ 69.9m | |
| Independent Director | 7.9yrs | US$250.04k | 0.0040% MX$ 16.8m | |
| Independent Director | 21.3yrs | US$250.04k | 0.042% MX$ 176.0m | |
| Independent Director | 7.6yrs | US$270.04k | 0.0039% MX$ 16.4m | |
| Independent Director | 12.3yrs | US$250.04k | 0.011% MX$ 48.3m | |
| Independent Director | 14.6yrs | US$250.04k | 0.0097% MX$ 40.6m | |
| Director | less than a year | no data | 0.00014% MX$ 588.0k | |
| Independent Director | 9.6yrs | US$270.04k | 0.0040% MX$ 16.6m | |
| Independent Director | 9.9yrs | US$250.04k | 0.0057% MX$ 23.9m | |
| Independent Director | 4.9yrs | US$250.04k | 0.0020% MX$ 8.2m |
9.3yrs
Average Tenure
66yo
Average Age
Experienced Board: MKC *'s board of directors are considered experienced (9.3 years average tenure).