Mccormick & Co reports 2018 executive compensation
CEO Lawrence E. Kurzius receives $14.8M
Mccormick & Co reported fiscal year 2018 executive compensation information on February 14, 2019.
In 2018, five executives at Mccormick & Co received on average a compensation package of $6,212,547, a 67% increase compared to previous year.Average pay of disclosed executives at Mccormick & Co
Lawrence E. Kurzius, Chief Executive Officer, received $14,836,426 in total, which increased by 64% compared to 2017. 57.97% of Kurzius' compensation, or $8,600,172, was in stock awards. Kurzius also received $3,446,013 in non-equity incentive plan, $1,300,012 in option awards, $1,163,462 in salary, as well as $326,767 in other compensation.
For fiscal year 2018, the median employee pay was $35,946 at Mccormick & Co. Therefore, the ratio of Lawrence E. Kurzius' pay to the median employee pay was 413 to one.
Brendan M. Foley, President, Global Consumer and Americas, received a compensation package of $5,804,389, which increased by 129% compared to previous year. 61.36% of the compensation package, or $3,561,738, was in stock awards.
Michael R. Smith, Chief Financial Officer, earned $5,161,777 in 2018, a 74% increase compared to previous year.
Jeffery D. Schwartz, General Counsel, received $2,766,533 in 2018, which increases by 68% compared to 2017.
Malcolm Swift, President, Flavor Solutions and McCormick International, earned $2,493,612 in 2018, a 3% increase compared to previous year.
Mccormick & Co's fiscal year ends on November 30.