McCormick Management
Management criteria checks 3/4
McCormick's CEO is Brendan Foley, appointed in Jun 2022, has a tenure of 2.42 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 $7.56M. The average tenure of the management team and the board of directors is 2.4 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 | 2.4yrs |
| CEO ownership | 0.04% |
| Management average tenure | 2.4yrs |
| Board average tenure | 9.3yrs |
Recent management updates
Recent updates
McCormick: Valuation Already Pricing In Normalized EPS Growth
Oct 03McCormick Q3 Earnings Preview: Why I Reiterate My Sell Rating
Sep 26McCormick & Company, Incorporated (NYSE:MKC) Shares Could Be 25% Below Their Intrinsic Value Estimate
Sep 16
Is McCormick (NYSE:MKC) Using Too Much Debt?
Aug 30McCormick & Company, Incorporated's (NYSE:MKC) Share Price Could Signal Some Risk
Aug 16Here's What To Make Of McCormick's (NYSE:MKC) Decelerating Rates Of Return
Aug 01McCormick & Company, Incorporated Just Recorded A 15% EPS Beat: Here's What Analysts Are Forecasting Next
Jun 29McCormick (NYSE:MKC) Has A Pretty Healthy Balance Sheet
May 21McCormick & Company: Offers Consistency In Volatile Markets But Overvalued
May 03McCormick's (NYSE:MKC) Returns Have Hit A Wall
May 01McCormick & Company: Potential Recovery In Margins
Apr 07McCormick: Dividend Growth And Expenses Reduction Imply Undervaluation
Mar 29Results: McCormick & Company, Incorporated Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 28An Intrinsic Calculation For McCormick & Company, Incorporated (NYSE:MKC) Suggests It's 24% Undervalued
Mar 14McCormick & Company, Incorporated (NYSE:MKC) Annual Results: Here's What Analysts Are Forecasting For This Year
Jan 27McCormick Q4 Earnings Preview: Favorable Ingredients For A Rebound (Rating Upgrade)
Jan 23McCormick & Company: Transforming Into A Consumer Discretionary Firm Amid Supply Challenges
Jan 16Subdued Growth No Barrier To McCormick & Company, Incorporated's (NYSE:MKC) Price
Jan 15Here's Why McCormick (NYSE:MKC) Can Manage Its Debt Responsibly
Dec 31McCormick's (NYSE:MKC) Upcoming Dividend Will Be Larger Than Last Year's
Dec 13Down 40%, Dividend Aristocrat McCormick Offers Attractive Long-Term Value
Dec 07Is There An Opportunity With McCormick & Company, Incorporated's (NYSE:MKC) 42% Undervaluation?
Dec 04McCormick's Goodwill Has Started To Be Worrying
Nov 20McCormick (NYSE:MKC) Hasn't Managed To Accelerate Its Returns
Nov 19Hold McCormick To Spice Up A Dividend Portfolio, Until Profits Heat Up Again
Nov 07McCormick Q3 Earnings Preview: A Focus On Volume As Pricing Momentum Expected To Fade
Sep 30Does McCormick (NYSE:MKC) Have A Healthy Balance Sheet?
Sep 15McCormick: A Dividend Gem Awaiting The Right Price
Aug 23Calculating The Fair Value Of McCormick & Company, Incorporated (NYSE:MKC)
Aug 21The Returns At McCormick (NYSE:MKC) Aren't Growing
Aug 06McCormick: Raised FY23 Profit Outlook, But High Valuation
Jul 17Is McCormick (NYSE:MKC) A Risky Investment?
Jun 17McCormick: Valuation Dooms Stock Performance In The Mid Term
May 30McCormick & Company, Incorporated's (NYSE:MKC) Intrinsic Value Is Potentially 20% Below Its Share Price
May 18McCormick (NYSE:MKC) Hasn't Managed To Accelerate Its Returns
May 03McCormick (NYSE:MKC) Is Increasing Its Dividend To $0.39
Apr 05Most Shareholders Will Probably Agree With McCormick & Company, Incorporated's (NYSE:MKC) CEO Compensation
Mar 23We Think McCormick (NYSE:MKC) Is Taking Some Risk With Its Debt
Feb 24McCormick Non-GAAP EPS of $0.73 misses by $0.14, revenue of $1.69B misses by $80M
Jan 26McCormick: Too Spicy For Any Portfolio
Jan 05Estimating The Intrinsic Value Of McCormick & Company, Incorporated (NYSE:MKC)
Jan 02Returns Are Gaining Momentum At McCormick (NYSE:MKC)
Dec 20McCormick: The Good, The Bad, And The (Somewhat) Ugly
Dec 16Is McCormick (NYSE:MKC) Using Too Much Debt?
Oct 26McCormick & Company: Key Takeaways From The Latest Earnings
Oct 13McCormick Non-GAAP EPS of $0.69 misses by $0.03, revenue of $1.6B beats by $10M
Oct 06CEO 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 |
| 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$477m |
Compensation vs Market: Brendan's total compensation ($USD5.21M) is below average for companies of similar size in the US market ($USD12.73M).
Compensation vs Earnings: Brendan's compensation has increased by more than 20% in the past year.
CEO
Brendan Foley (58 yo)
2.4yrs
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 | 9yrs | US$12.60m | 0.19% $ 38.1m | |
| President | 2.4yrs | US$5.21m | 0.037% $ 7.6m | |
| Executive VP & CFO | 8.2yrs | US$4.36m | 0.042% $ 8.5m | |
| VP, General Counsel & Corporate Secretary | 9.9yrs | US$3.20m | 0.023% $ 4.7m | |
| Chief Human Relations Officer | 1.9yrs | US$1.78m | 0.0016% $ 321.3k | |
| 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 | 13.8yrs | no data | no data | |
| Chief Marketing Officer | no data | no data | no data | |
| Chief Growth Officer | 1.4yrs | no data | no data | |
| President of Europe & Middle East and Africa (EMEA) | 2.8yrs | no data | 0.0026% $ 515.2k | |
| President of Americas | no data | no data | 0.0021% $ 420.3k |
2.4yrs
Average Tenure
54yo
Average Age
Experienced Management: MKC's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 9yrs | US$12.60m | 0.19% $ 38.1m | |
| President | 1.4yrs | US$5.21m | 0.037% $ 7.6m | |
| Lead Independent Director | 17.8yrs | US$280.04k | 0.017% $ 3.4m | |
| Independent Director | 7.8yrs | US$250.04k | 0.0040% $ 810.2k | |
| Independent Director | 21.2yrs | US$250.04k | 0.042% $ 8.5m | |
| Independent Director | 7.5yrs | US$270.04k | 0.0039% $ 790.0k | |
| Independent Director | 12.2yrs | US$250.04k | 0.011% $ 2.3m | |
| Independent Director | 14.5yrs | US$250.04k | 0.0097% $ 2.0m | |
| Director | less than a year | no data | 0.00014% $ 28.3k | |
| Independent Director | 9.5yrs | US$270.04k | 0.0040% $ 798.1k | |
| Independent Director | 9.8yrs | US$250.04k | 0.0057% $ 1.2m | |
| Independent Director | 4.8yrs | US$250.04k | 0.0020% $ 396.0k |
9.3yrs
Average Tenure
66yo
Average Age
Experienced Board: MKC's board of directors are considered experienced (9.3 years average tenure).