HUNT VALLEY, Md., May 21, 2024 /PRNewswire/ -- McCormick &
Company, Incorporated (NYSE:MKC), a global leader in flavor, today
announced that Valarie Sheppard,
retired Executive Vice President, Controller and Treasurer of the
Procter & Gamble Company (P&G) has been
appointed to the Board of Directors of McCormick effective
June 1, 2024.
Ms. Sheppard brings over 35 years of experience in finance and
accounting following a stellar career with P&G. Her
expertise includes capital deployment and asset management,
business process reengineering, acquisitions and divestures,
external financial reporting and controls, and Sarbanes-Oxley
compliance. Prior to her retirement in 2021, Ms. Sheppard led
P&G's global finance, accounting, and treasury operations teams
in over 65 countries. She held various senior financial
leadership positions within the company over her tenure, including
finance and accounting roles in the Fabric Care, Home Care and the
Beauty businesses, as well as assignments in Europe and Asia.
Ms. Sheppard helped lead the financial integration of Gillette,
the largest acquisition in P&G's history. She also brings
additional audit and public accounting experience to the McCormick
board from prior roles as Senior Vice President and P&G
Comptroller and Treasurer where she frequently interacted with the
company's Audit Committee. Ms. Sheppard previously served on
public company boards for Sovos Brands, Innovation International
Acquisition Corporation, and Anixter International on various
Audit, Compensation, and Governance & Nominating
committees. She currently serves on the board for Ibotta.
Brendan M. Foley, President and
CEO of McCormick commented, "Ms. Sheppard's global finance and
accounting experience will be invaluable to McCormick as a global
leader in flavor with brands sold in over 150 countries and
territories. Her broad CPG Industry knowledge and commercial
experience make her an excellent fit for McCormick. I look
forward to working with Valarie and the rest of the board to
oversee our strategic direction and advance our leadership and
differentiation."
Ms. Sheppard's appointment is part of the board's commitment to
its continuous refreshment process, ensuring it has a relevant mix
of skills and experiences that complement McCormick's strategy and
promote effective governance practices. The board's
refreshment process continues to add experienced leaders with
diverse backgrounds and perspectives that will benefit McCormick.
With this appointment, the Board of Directors of McCormick
will be comprised of 13 directors, 11 of which are independent.
Ms. Sheppard received a Bachelor of Science in Accounting and a
Master's in Science in Industrial Administration from Purdue
University.
About McCormick
McCormick & Company, Incorporated is a global leader in
flavor. With over $6.5 billion
in annual sales across 150 countries and territories, we
manufacture, market and distribute spices, seasoning mixes,
condiments and other flavorful products to the entire food industry
including e-commerce channels, grocery, food manufacturers and
foodservice businesses. Our most popular brands with
trademark registrations include McCormick, French's, Frank's
RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné,
Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet
Garden. Every day, no matter where or what you eat or drink, you
can enjoy food flavored by McCormick.
Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided
by our principles and committed to our Purpose – To Stand Together
for the Future of Flavor. McCormick envisions A World United by
Flavor where healthy, sustainable and delicious go hand in hand. To
learn more, visit www.mccormickcorporation.com or follow McCormick
& Company on Instagram and LinkedIn.
For information contact:
Global Communications:
Lori Robinson (410-527-6004 or
lori_robinson@mccormick.com)
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mccormick-appoints-valarie-sheppard-to-board-of-directors-302152015.html
SOURCE McCormick & Company, Incorporated