McCormick Appoints New Executive VP & CFO

McCormick & Co. has announced the promotion of Marcos Gabriel to executive vice president and chief financial officer, effective December 1, 2024.

Mike Smith will continue with the company as executive vice president until his retirement on February 28, 2025. Mr. Smith has served as EVP and CFO since 2016.

Gabriel will lead the company's global finance organization and global business services team in his new role. He will report to Brendan Foley, president and CEO, and will be a member of the company's Management Committee. Gabriel, who is currently senior VP, Global Finance and Capital Markets, joined McCormick in 2017 as CFO, Americas and has also held the role of chief transformation officer, where he led the global team responsible for driving enterprise-wide initiatives to enable effectiveness and growth. 

Prior to joining McCormick, Gabriel served in a variety of leadership roles at Avon, Unilever, and Eli Lilly across Europe, North America, and Latin America. He currently serves on the Board of Directors for the National Life Group.

"Marcos is a proven global leader with over 25 years of experience in the Consumer Products industry. Over the last seven years, he served in key senior leadership roles at McCormick, contributing meaningfully to our track record of profitable growth and improved productivity" said Foley. "Marcos is a strategic leader and his expertise in finance, digital transformation, and business development across major multinational companies will be instrumental as we continue to advance our leadership and differentiation. I am thrilled to congratulate Marcos on his promotion and look forward to continuing to partner with him to deliver long-term profitable growth and drive value for shareholders."