Sector News

McCormick Names Kurzius to Newly Created President, COO Role

January 12, 2015
Food & Drink
McCormick Co. said Friday that Lawrence Kurzius has stepped into the newly created position of chief operating officer and president, overseeing business world-wide for the spice company.
 
Mr. Kurzius, formerly president of Americas and China chief administrative officer, will also be responsible for the company’s supply chain and research and development functions.
 
He will continue to report to Chief Executive Alan D. Wilson. A representative for the company wasn’t immediately available to comment on whether the appointment is a succession-planning move.
 
Mr. Kurzius, age 55 as of last February’s proxy filing, has been at McCormick for 11 years in roles such as president of international businesses, and president of global consumer operations. Previously, he was the CEO at food-and-spice company Zatarain’s, and also worked at Uncle Ben’s.
 
Additionally, Malcolm Swift, currently president of EMEA, will become president of the global industrial segment. Mr. Swift joined McCormick in January 2005.
 
Expansion in China, formerly Mr. Kurzius’s main area of focus, has been a key strategy for McCormick. In May 2013, the company paid about $122 million to acquire Wuhan Asia-Pacific Condiments Co., the maker of DaQiao and ChuShiLe brand bouillon products. In the most recently ended quarter, the company’s consumer business results were driven by a 15% sales increase in China.
 
Maryland-based McCormick has posted strong results in recent quarters on strength in its international segments, though U.S. sales have faced pressure from competition. McCormick has pursued a marketing effort to help turn around demand and sales, and said last year that it will also expand its product offerings.
 
Shares of McCormick, which were inactive premarket, have been up about 10% in the past 12 months through Thursday’s close.
 
By Angela Chen
 
 

comments closed

Related News

October 17, 2021

France to ban plastic packaging for fruit and vegetables

Food & Drink

The government has published a list of around 30 fruits and vegetables that will be subject to the plastic packaging ban coming into effect on 1 January 2022. The list includes courgettes, aubergines and cucumbers, as well as apples, oranges and pears.

October 17, 2021

Kraft Heinz unveils plans for a circular PET ketchup bottle

Food & Drink

Kraft Heinz has detailed plans to release a circular PET tomato ketchup bottle by 2022 in its latest Environmental Social Governance report. The company has made progress towards its aim of using 100% recyclable, reusable or compostable packaging by 2025.

October 17, 2021

Beverages category fizzes with AI-generated soda, hemp-based gin, “green” cola & coca leaf infusions

Food & Drink

The drinks category is brimming with trend-driven launches including flavorful, energizing and better-for-you beverages. FoodIngredientsFirst speaks to disruptive fizzy beverage brands, whose offerings include a classic cola recipe reimagined with a clean label twist, as well as AI-generated flavor synergies.

Send this to a friend