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Brendan M. Foley

Chairman, President, and CEO at MCCORMICK & CO
Board
Since January 1, 2025
Age
59 years
Tenure
Joined MKC in 2014 and advanced through roles including President of U.S. Consumer Foods, North America, Global Consumer and Americas, Global Consumer, Americas & Asia, then served as President/COO, later President and CEO from September 2023 to December 2024 before assuming the role of Chairman, President, and CEO in January 2025.

Also at MCCORMICK & CO

JDS
Jeffery D. Schwartz
Vice President, General Counsel & Secretary

About

Brendan M. Foley has established a distinguished career in the food industry, demonstrating progressive leadership at MKC over more than a decade. He initiated his journey at the company in 2014 and quickly rose through the ranks, taking on multiple key roles that underscored his ability to drive strategic initiatives and operational excellence.

In his varied roles, he managed critical functions across consumer divisions in North America, the Americas, and Asia, reflecting a breadth of expertise in both domestic and international markets. His work involved steering the business through complex market dynamics and contributing significantly to MKC’s strategic growth.

Recently, after serving as President and CEO, he transitioned to the role of Chairman, President, and CEO in January 2025, where he continues to shape the company’s long-term strategy and global leadership. Despite a limited public record of his educational background and personal details, his professional achievements offer a comprehensive view of his commitment to the company’s success.

$MKC Performance Under Brendan M. Foley

Past Roles

Organization Role Date Range Details
McCormick & Company President and Chief Executive Officer September 2023 to December 2024 N/A
McCormick & Company Chief Operating Officer and President 2022 to 2023 N/A
McCormick & Company President, Global Consumer, Americas & Asia 2020 to 2022 N/A
McCormick & Company President, Global Consumer and Americas 2017 to 2020 N/A
McCormick & Company President, Global Consumer and North America 2016 to 2017 N/A
McCormick & Company President, North America 2015 to 2016 N/A
McCormick & Company President, U.S. Consumer Foods Division 2014 to 2015 N/A
H.J. Heinz Co. President, North American Zone 2013 to 2014 N/A
H.J. Heinz Co. President, U.S. Consumer Products 2012 to 2013 N/A
H.J. Heinz Co. President, U.S. Food Service 2008 to 2012 N/A

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,100,000 AnnualEffective September 1, 2023; unchanged for 2024
Executive Auto Allowance$22,846 AnnualN/A
Executive Benefit Allowance$17,654 AnnualN/A
Executive Financial Counseling Program$16,402 AnnualN/A
Excess Liability Policy (Annual Premiums)$1,069 AnnualN/A
Employer Matching Funds under McCormick 401(k) Plan$17,250 AnnualN/A
Company Contributions to Deferred Compensation Accounts$200,162 AnnualIncludes match into the Non-Qualified Retirement Savings Plan of $125,895 and a Profit Sharing component of $74,268
Profit Sharing$84,618 AnnualN/A

Performance Compensation

Data from  FY 2024

Annual Incentive Opportunity

MetricValueDetails
Base Salary$1,100,000 Effective April 1, 2024
Target Incentive150% of Base Salary ($1,650,000) Incentive based on pre-set performance metrics
Threshold30% of Target ($495,000) Minimum performance requirement
Maximum200% of Target ($3,300,000) Cap on incentive payout

Performance Metrics & Weightings

Performance MetricWeightDetails
Adjusted EPS70% Calculated on a constant currency basis; approximately 0.3% higher growth
Global McCormick Profit21% Measures global profitability
Global Sales Volume Growth4.5% Focused on growth in sales volume
Global Net Sales4.5% Measures overall net sales growth

Equity Awards

ComponentValueVesting ScheduleAdditional Details
Stock Options199,894 options Ratably over 3 years (2024-2026) Exercise Price: $76.03 per share ; Grant Date: March 27, 2024
PSUsThreshold: 14,401, Target: 57,604, Maximum: 172,812 shares Performance cycle FY2024-FY2026 Grant Date Fair Value: $3,750,020 ; Grant Date (PSUs): December 1, 2023