McCormick Management
Management criteria checks 3/4
McCormick's CEO is Brendan Foley, appointed in Jun 2022, has a tenure of 1.83 years. total yearly compensation is $5.21M, comprised of 18.3% salary and 81.7% bonuses, including company stock and options. directly owns 0.038% of the company’s shares, worth $7.49M. The average tenure of the management team and the board of directors is 2.5 years and 8.7 years respectively.
Key information
Brendan Foley
Chief executive officer
US$5.2m
Total compensation
| CEO salary percentage | 18.3% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.04% |
| Management average tenure | 2.5yrs |
| Board average tenure | 8.7yrs |
Recent management updates
Recent updates
McCormick & 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 28
An 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 06McCormick declares $0.37 dividend
Sep 29Calculating The Intrinsic Value Of McCormick & Company, Incorporated (NYSE:MKC)
Sep 12McCormick: Too Spicy For Me
Sep 11These 4 Measures Indicate That McCormick (NYSE:MKC) Is Using Debt Extensively
Jul 18McCormick Stock: Not The Most Flavorful Prospect Out There
Jul 08McCormick misses Q2 expectation, cuts FY2022 outlook
Jun 29Is There An Opportunity With McCormick & Company, Incorporated's (NYSE:MKC) 38% Undervaluation?
Jun 13Why McCormick Is Substantially Overvalued
May 16McCormick & Company, Incorporated (NYSE:MKC) Shares Could Be 28% Above Their Intrinsic Value Estimate
Mar 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD13.51M).
Compensation vs Earnings: Brendan's compensation has increased by more than 20% in the past year.
CEO
Brendan Foley (57 yo)
1.8yrs
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 | 8.4yrs | US$12.60m | 0.25% $ 50.3m | |
| President | 1.8yrs | US$5.21m | 0.038% $ 7.5m | |
| Executive VP & CFO | 7.6yrs | US$4.36m | 0.042% $ 8.4m | |
| VP, General Counsel & Corporate Secretary | 9.3yrs | US$3.20m | 0.023% $ 4.6m | |
| Chief Human Relations Officer | 1.3yrs | US$1.78m | 0.0015% $ 296.1k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Vice President of Corporate Communications | 13.3yrs | no data | no data | |
| Chief Growth Officer | less than a year | no data | 0.0017% $ 333.9k | |
| President of Europe & Middle East and Africa (EMEA) | 2.3yrs | no data | 0.0026% $ 508.8k | |
| President of Americas | no data | no data | 0.0021% $ 413.4k | |
| VP & Treasurer | 12.4yrs | no data | no data | |
| VP & Controller | 2.7yrs | no data | 0.0024% $ 485.0k |
2.5yrs
Average Tenure
53.5yo
Average Age
Experienced Management: MKC's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 8.4yrs | US$12.60m | 0.25% $ 50.3m | |
| President | less than a year | US$5.21m | 0.038% $ 7.5m | |
| Lead Independent Director | 17.3yrs | US$280.04k | 0.017% $ 3.3m | |
| Independent Director | 7.3yrs | US$250.04k | 0.0040% $ 805.0k | |
| Independent Director | 20.6yrs | US$250.09k | 0.042% $ 8.4m | |
| Independent Director | 6.9yrs | US$270.09k | 0.0039% $ 783.1k | |
| Independent Director | 11.6yrs | US$250.04k | 0.011% $ 2.3m | |
| Independent Director | 13.9yrs | US$250.04k | 0.019% $ 3.8m | |
| Director | less than a year | no data | 0.00014% $ 27.8k | |
| Independent Director | 8.9yrs | US$270.04k | 0.0040% $ 791.1k | |
| Independent Director | 9.3yrs | US$250.04k | 0.0057% $ 1.1m | |
| Independent Director | 4.3yrs | US$250.09k | 0.0020% $ 391.6k |
8.7yrs
Average Tenure
65yo
Average Age
Experienced Board: MKC's board of directors are considered experienced (8.7 years average tenure).