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    Mark Smucker

    Chair of the Board, President, and CEO at J M Smucker Co
    Board
    Since August 2022
    Age
    54 years
    Tenure
    Joined SJM over 25 years ago, serving as an officer since 2001 and progressing through leadership roles including President of Special Markets (2008–2011), U.S. Retail Coffee (2011–2015), Consumer and Natural Foods (2015–2016), and President/CEO (2016–2022) before being appointed as Chair of the Board, President, and CEO.

    Also at J M Smucker Co

    JK
    Jeannette Knudsen
    Chief Legal Officer and Secretary
    JP
    Jill Penrose
    Chief People and Company Services Officer
    JB
    John Brase
    Chief Operating Officer

    About

    Mark T. Smucker has built an extensive career at The J.M. Smucker Company over more than two decades, demonstrating a strong commitment to leadership and operational excellence across various divisions of the business.

    He advanced through a structured progression of roles, beginning with positions such as President of Special Markets and later leading U.S. Retail Coffee and Consumer and Natural Foods before serving as President and CEO from May 2016 until his current appointment in August 2022.

    In addition to his work at SJM, he has contributed his expertise to external organizations by serving on the board and various committees at Kimberly-Clark Corporation, further highlighting his role in shaping governance and strategic direction within the consumer goods industry.

    $SJM Performance Under Mark Smucker

    Past Roles

    OrganizationRoleDate Range
    The J.M. Smucker Company President and Chief Executive Officer May 2016 - August 2022
    The J.M. Smucker Company President, Consumer and Natural Foods April 2015 - April 2016
    The J.M. Smucker Company President, U.S. Retail Coffee May 2011 - March 2015
    The J.M. Smucker Company President, Special Markets August 2008 - April 2011
    The J.M. Smucker Company Vice President, International July 2007 - July 2008
    The J.M. Smucker Company Vice President, International and Managing Director, Canada May 2006 - June 2007

    External Roles

    OrganizationRoleDate RangeDetails
    Kimberly-Clark Corporation Director and Committee Member Since September 2019 Member of management development and compensation, and nominating and corporate governance committees

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Annual Base Salary$1,183,846 AnnualFixed annual base salary for fiscal year 2024
    Holiday Bonus$23,800 Annual2% of annual base salary
    Use of Aircraft$111,920 AnnualValued personal use of the company's aircraft
    Flexible Perquisite$10,000 AnnualFixed perquisite for health, wellness, social, or travel expenses
    Financial and Tax Planning Assistance$20,000 AnnualAssistance for financial and tax planning
    Employer Matching Funds under 401(k) Plan$24,150 AnnualEmployer contributions matching funds
    Company Contributions to Deferred Comp.$44,797 AnnualCompany contributions to deferred compensation accounts
    Charitable Matching Gifts$5,000 AnnualGifts provided under the charitable matching program

    Performance Compensation

    Data from  FY 2024

    Non-Equity Incentive Plan Compensation

    MetricThresholdTargetMaximum (Cap)Weight
    Adjusted Operating Income$1,286.0M $1,428.9M $1,571.8M 70%
    Net Sales$7,499.4M $7,652.4M $7,882.0M 20%
    ESG ObjectivesN/A 100% achievement >100% achievement 10%
    • Payouts:
      • Threshold Payout: $444,519
      • Target Payout: $1,778,077
      • Maximum Payout: $3,378,346
    • Evaluation Period: Fiscal Year 2024
    • Vesting: Cash-based award with no vesting schedule

    Performance Units

    MetricShares Awarded
    Threshold (50% of Target)12,507 shares
    Target (100% of Target)25,014 shares
    Maximum (200% of Target)50,028 shares
    • Grant Date: June 15, 2023
    • Grant Date Fair Value: $3,891,428
    • Performance Period: May 1, 2023 – April 30, 2026
    • Performance Metrics: 75% weight for Adjusted EPS and 25% weight for Average Net Sales Growth
    • Vesting: Three-year cliff vesting at the end of the performance period

    Restricted Stock

    DetailValue
    Number of Shares Granted8,338 shares
    Grant Date Fair Value$1,297,143
    Grant Date Stock Price$155.57
    Vesting Schedule5,790 shares on June 15, 2024 ; 5,788 on June 15, 2025 ; 2,779 on June 15, 2026
    • Conditions: Vesting is service-based; unvested shares are forfeited upon voluntary departure unless specific conditions (retirement, disability, death) are met

    Option Awards

    DetailValue
    Number of Options Granted36,997 options
    Grant Date Fair Value$1,297,115
    Grant Date Stock Price$153.21
    Vesting Schedule12,331 options on June 15, 2024 ; 12,331 on June 15, 2025 ; 12,335 on June 15, 2026
    • Conditions: Time-based vesting with a double-trigger provision in the event of a change in control