Flavour company McCormick & Company has named Marcos Gabriel as its next executive vice president and chief financial officer, effective December 1 2024.
Gabriel will succeed Mike Smith, who has served as McCormick’s CFO since 2016 and will retire on February 28 2025 after over three decades with the company.
Brendan M Foley, president and CEO, said: “Mike has been an integral leader for McCormick for more than three decades.”
He continued: “His strategic leadership and focus on value creation have been instrumental in driving top-tier organic growth and the successful acquisition of iconic brands like Frank’s RedHot, French’s and Cholula”.
In his new role, Gabriel will lead McCormick’s global finance organisation and business services team. He first joined the company in 2017 as CFO for the Americas region and has also served as chief transformation officer.
“Marcos is a proven global leader with over twenty-five years of experience in the Consumer Products industry,” Foley added. “His expertise in finance, digital transformation, and business development will be instrumental as we continue to advance our leadership and differentiation.”
Founded in 1889 and headquartered in Hunt Valley, Maryland, McCormick is a $6.5 billion global producer of herbs, spices, seasonings and flavours.
The company operates in two complementary segments – Consumer and Flavor Solutions – serving food manufacturers, retailers and foodservice businesses worldwide.
As part of its long-term growth strategy, McCormick has focused on expanding its portfolio of iconic brands and investing in digital capabilities and sustainability initiatives.
by Siân Yates
Source: foodbev.com
Heineken has named Guillaume Duverdier as its new regional president for Africa Middle East (AME), effective 1 July 2025. Duverdier will also join the company’s executive team, succeeding Roland Pirmez, who is retiring after 29 years with the brewer.
The transaction, of which the financial terms were not disclosed, includes seven facilities in total: three dry corn milling facilities in Nebraska, Kansas and Illinois; three dry masa facilities in Texas, Indiana and Iowa; and a transload and packaging facility in Mexico. The dry corn milling division will continue to be headquartered in St Louis, Missouri.
As part of the changes, Elizabeth Duggan, current senior vice president and general manager, will now be president of the company’s snacks division as of 12 May, taking over from Chris Foley, who will step down in July after 25 years with Campbell’s.
