Lawrence Kurzius - McCormick Company CEO and President and Director

MKC -- USA Stock  

USD 169.94  0.94  0.56%

  CEO
Mr. Lawrence Erik Kurzius is a Chairman of the Board, President, Chief Executive Officer of the Company, since January 31, 2017. Mr. Kurzius qualifications include senior executive experience at a publicly traded multinational company, consumer marketing experience, a detailed knowledge of the food industry, general management experience in international operations, and strategic leadership of a large, complex, organization. Mr. Kurzius serves as the Chairman, President and Chief Executive Officer of McCormick . He previously served in a variety of other roles with the Company, thereby gaining an understanding of the different aspects of the Companys operations and the food industry. Prior to assuming his present role, Mr. Kurzius was President and Chief Operating Officer of McCormick, President of the Companys global consumer business, Chief Administrative Officer of the Company, President of the Companys international business, President of EMEA, President of U.S. Consumer Foods, Vice President and General Manager of Sales and Marketing for U.S. Consumer Foods, and President of Zatarains . Prior to joining the Company upon the acquisition of Zatarains by McCormick, Mr. Kurzius was the Chief Executive Officer of Zatarains where he worked for 12 years. Mr. Kurzius was also a marketing executive with the Quaker Oats Company and Mars Inc.s Uncle Bens Company. In these various roles, Mr. Kurzius developed a broad knowledge of the Companys markets both domestic and foreign, and consumer and flavor solutions and had senior level responsibility for strategic planning and leadership with respect to these businesses. In his present role, Mr. Kurzius is responsible for the strategic leadership of the Company.
Age: 59  CEO Since 2017      
410-771-7301  http://www.mccormickcorporation.com
Kurzius was a key leader for McCormick over the past 11 years and has served as a member of the Management Committee since 2007. He has held multiple roles of increasing responsibility including President US Consumer, President of our International businesses including Europe, Middle East, Africa, China and Asia Pacific Zone and most recently served as President Global Consumer, President of the Americas and China, and Chief Administrative Officer. Prior to joining McCormick, Mr. Kurzius was the Chief Executive Officer for Zatarain where he worked for almost 12 years and held marketing positions with Uncle Ben, a division of Mars Inc. and the Quaker Oats Company. Lawrence holds a BA in Economics from Princeton University.

Management Efficiency

The company has Return on Asset of 5.84 % which means that on every $100 spent on asset it made $5.84 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 21.33 % implying that it generated $21.33 on every 100 dollars invested.
The company has 4.68B in debt with debt to equity (D/E) ratio of 138.3 . This implies that the company may be unable to create cash to meet all of its financial commitments. McCormick Incorporat has Current Ratio of 0.77 suggesting that it has not enough short term capital to pay financial commitments when the payables are due.

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Entity Summary

McCormick Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland. McCormick Company operates under Packaged Foods classification in USA and is traded on BATS Exchange. It employs 11600 people.McCormick Company Incorporat (MKC) is traded on BATS Exchange in USA. It is located in 24 Schilling Road and employs 11,600 people. McCormick Company Incorporat was previously known as McCormick Company Incorporat and was traded on New York Stock Exchange under the symbol MKC-V. McCormick Company is listed under Food Products category by Fama And French industry classification.

McCormick Incorporat Leadership Team

Jacques Tapiero, Independent Director
Gary Rodkin, Director
Malcolm Swift, President of Global Industrial and International Bus.
Kasey Jenkins, Vice President Investor Relations
Margaret Preston, Independent Director
Michael Mangan, Lead Independent Director
Joyce Brooks, VP of Investor Relations and Member of Investment Committee
Michael Conway, Director
Anthony Vernon, Director
William Stevens, Independent Director
Lawrence Kurzius, CEO and President and Director
Alan Wilson, Executive Chairman
Gordon Stetz, CFO, Executive VP, Director and Chairman of Investment Committee
Nneka Rimmer, Senior Vice President - Corporate Strategy & Development
Patricia Little, Independent Director
Michael Smith, Senior Vice President Finance - Capital Markets & CFO, North America
Jeffery Schwartz, Vice President General Counsel and Corporate Secretary
Maritza Montiel, Director
Lisa Manzone, Senior Vice President - Human Relations
Freeman Hrabowski, Independent Director
Michael Fitzpatrick, Independent Director
Brendan Foley, President - U.S. Consumer

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