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Mark Smucker

Chair of the Board, President, and CEO at J M SMUCKER
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

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