McCormick & Company (MKC, Financial) has announced a significant leadership transition with the retirement of Executive Chairman Lawrence E. Kurzius. Mr. Kurzius, who has been a pivotal figure in the company, will step down from his role as Chairman of the Board effective December 31, 2024. However, he will continue to serve as a non-executive director until the company's 2025 Annual Meeting of Stockholders, where he will not seek re-election.
The company has appointed Brendan M. Foley, currently serving as President and Chief Executive Officer, to succeed Mr. Kurzius as Chairman of the Board. This appointment will take effect on January 1, 2025. Mr. Foley's extensive experience and leadership within McCormick & Company are expected to guide the company through its next phase of growth and innovation.
This leadership change was officially announced by McCormick & Company on November 25, 2024, through a press release. The transition marks a new chapter for the company as it continues to strengthen its position in the global market.
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