McCormick Management
Management criteria checks 3/4
McCormick's CEO is Lawrence Kurzius, appointed in Feb 2016, has a tenure of 7.33 years. total yearly compensation is $10.43M, comprised of 12% salary and 88% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth MX$744.76M. The average tenure of the management team and the board of directors is 7 years and 8.4 years respectively.
Key information
Lawrence Kurzius
Chief executive officer
US$10.4m
Total compensation
| CEO salary percentage | 12.0% |
| CEO tenure | 7.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 7yrs |
| Board average tenure | 8.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Feb 28 2023 | n/a | n/a | US$666m |
| Nov 30 2022 | US$10m | US$1m | 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$13m | US$1m | 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$20m | US$1m | 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$13m | US$1m | 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$15m | US$1m | 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$9m | US$965k | 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$7m | US$861k | US$472m |
Compensation vs Market: Lawrence's total compensation ($USD10.43M) is above average for companies of similar size in the MX market ($USD5.70M).
Compensation vs Earnings: Lawrence's compensation has been consistent with company performance over the past year.
CEO
Lawrence Kurzius (65 yo)
7.3yrs
Tenure
US$10,426,035
Compensation
Mr. Lawrence E. Kurzius served as the President at McCormick & Company, Incorporated since January 5, 2015 until June 01, 2022 and has been its Chief Executive Officer since February 1, 2016. Mr. Kurzius s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.3yrs | US$10.43m | 0.18% MX$ 744.8m | |
| President & COO | less than a year | US$3.15m | 0.034% MX$ 143.3m | |
| Executive VP & CFO | 6.8yrs | US$3.28m | 0.040% MX$ 167.6m | |
| VP, General Counsel & Corporate Secretary | 8.5yrs | US$2.40m | 0.021% MX$ 89.9m | |
| Executive Vice President | less than a year | US$2.35m | 0.033% MX$ 138.6m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Vice President of Corporate Communications | 12.4yrs | no data | no data | |
| Chief Human Relations Officer | less than a year | no data | 0.00037% MX$ 1.5m | |
| President of EMEA | 1.4yrs | no data | no data | |
| President of Americas | no data | no data | no data | |
| VP & Treasurer | 11.6yrs | no data | no data | |
| President of U.S. Industrial Group | 10.3yrs | no data | no data |
7.0yrs
Average Tenure
57.5yo
Average Age
Experienced Management: MKCV *'s management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.6yrs | US$10.43m | 0.18% MX$ 744.8m | |
| Lead Independent Director | 16.4yrs | US$275.09k | 0.016% MX$ 67.8m | |
| Independent Director | 26.4yrs | US$265.09k | 0.040% MX$ 169.0m | |
| Independent Director | 6.4yrs | US$250.09k | 0.0036% MX$ 14.9m | |
| Independent Director | 19.8yrs | US$250.09k | 0.040% MX$ 169.0m | |
| Independent Director | 6.1yrs | US$270.09k | 0.0034% MX$ 14.4m | |
| Independent Director | 10.8yrs | US$250.09k | 0.011% MX$ 44.1m | |
| Independent Director | 13.1yrs | US$250.09k | 0.0092% MX$ 38.5m | |
| Independent Director | 8.1yrs | US$270.09k | 0.0035% MX$ 14.6m | |
| Independent Director | 8.4yrs | US$250.09k | 0.0052% MX$ 21.9m | |
| Independent Director | 3.4yrs | US$250.09k | 0.0015% MX$ 6.2m |
8.4yrs
Average Tenure
66yo
Average Age
Experienced Board: MKCV *'s board of directors are considered experienced (8.4 years average tenure).