Sector News

McCormick & Co. names new Chief Executive

December 2, 2015
Food & Drink

Spice maker McCormick & Co. said Tuesday that Lawrence Kurzius would replace Chief Executive Alan Wilson, who will continue as executive chairman of the board.

The moves are effective Feb. 1.

Mr. Kurzius, 57 years old, who was elected to the board Nov. 24, was previously president and chief operating officer. In the new position, he will receive an annual base salary of $900,000, according to company filings. Since January, he has taken over global operations from Mr. Wilson, 58.

Lead board director Michael Mangan said Mr. Wilson helped drive the company’s financial success. Sales grew more than $1 billion to $4.2 billion and market capitalization doubled during his eigh-year tenure, Mr. Mangan said.

Mr. Kurzius, who has been in leadership positions with McCormick since 2007, was previously CEO of Zatarain’s, which was purchased by McCormick. He also worked with Uncle Ben’s, a division of Mars Inc. and the Quaker Oats Co.

By Anne Steele

Source: Wall Street Journal

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

November 27, 2020

“Nutritionist in your pocket”: Lumen’s portable device measures metabolism through breathing

Food & Drink

Lumen is a handheld, portable device and app that measures users’ metabolism in real-time. The company is picking up momentum thanks to an entrance on the UK market.

November 27, 2020

“Conscious Indulgence” touted by FrieslandCampina Ingredients as top global trend

Food & Drink

FrieslandCampina Ingredients is spotlighting “Conscious Indulgence” as a key global trend in its latest report, followed by “Shaping A Better World” and “Experience Beyond The Imagined.”

November 27, 2020

UK and Ukraine register first zero-waste city pledges as single-use culture shifts

Food & Drink

Derry City in Northern Ireland and Lviv in Ukraine are formally committing to zero-waste. The zero-waste model keeps resources and products in use for as long as possible.

Send this to a friend