McCormick & Company (MKC) has issued an update.
McCormick & Company announced the appointment of Marcos Gabriel as the new Executive Vice President and Chief Financial Officer effective December 1, 2024, succeeding Michael R. Smith who will retire in February 2025. Gabriel has been with McCormick since 2017, ascending through various senior roles, and brings a wealth of experience from previous leadership positions at Avon, Unilever, and Eli Lilly. He will earn a $650,000 annual salary, with additional incentive programs and benefits as outlined in the company’s executive compensation program. This strategic transition promises to maintain McCormick’s financial leadership and uphold its market position.
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