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Lawrence E. Kurzius, executive chairman of McCormick & Company, will step down as chairman on 31 December 2024, after eight years in the role.

Kurzius will remain on the board, where he has served for 22 years, but will not stand for re-election at the March 2025 shareholder meeting. Kurzius transitioned CEO duties to Brendan Foley in September 2023 and has continued as executive chairman since.

In light of his departure, McCormick's board of directors has appointed Brendan Foley, the company’s president and CEO, to also take on the role of chairman, effective 1 January, 2025. He will continue in his current duties alongside this new responsibility.

Kurzius said: "Transitioning the role of chairman of the board for McCormick is in keeping with the board's succession plan at the executive level and my personal plans for retirement. We have a highly experienced team of executives with deep expertise in the consumer products industry and a passion for our business. I am confident that this talented team will continue to drive our strong performance in the years to come."

Foley added: "Lawrence has been a transformational leader and a great mentor. We deeply appreciate his entrepreneurial spirit, innovative thinking and growth-oriented vision for the company. Together we executed on our proven strategies, enabling us to strengthen our global flavor leadership, deliver differentiated performance and drive shareholder value. I look forward to continuing to advance our leadership in flavour and I am confident we have the right team and engaged employees globally to deliver on our long-term objectives."

Top image: © McCormick & Company

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