Lawrence Kurzius, Executive Chairman of the Board of McCormick (MKC) & Company, announced that he will end his eight years of service as Chairman on December 31, 2024. Kurzius will continue as a Board member for McCormick, where he was employed for 22 years. He will not stand for re-election at the company’s annual shareholder meeting in March 2025. Kurzius transitioned the CEO responsibilities to Brendan Foley in September 2023 and continued to serve as Executive Chairman since that time. McCormick’s Board of Directors has appointed Brendan Foley, the company’s President and CEO, to succeed Kurzius as Chairman, in addition to his current duties, effective January 1, 2025.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MKC:
- McCormick raises quarterly dividend to 45c from 42c per share
- McCormick expects $8B in annual net sales by 2028
- McCormick sees long-term EPS growth 9%-11%, net sales growth 4%-6%
- McCormick sees 2028 total organic net sales $8B, operating income $1.4B
- McCormick sees 2028 EPS $4.10
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
