麦Cormick公布与Unilever Foods合并后公司的运营架构、高管团队和第二上市安排

McCormick Announces Operating Model, Executive Team, and Secondary Listing Location for Combined Company
Combined Company to be Organized into Four Commercial Divisions Grounded in Flavor Leadership: Americas Consumer, International Consumer,
Combined Executive Team to Bring Together Top Global Talent from Both Businesses
Combined Company to Reflect Global Presence with Secondary Listing on
"Our planned operating model is designed to place consumers and customers at the center of the combined business, enabling disciplined execution, enhanced innovation, and sustainable long-term growth, while supporting a rewarding employee experience. Our anticipated Executive Team will bring together proven leaders from both McCormick and
"Further, we are pleased to confirm, complementing our New York Stock Exchange listing,
Operating Model
Effective upon the transaction closing,
- Americas Consumer
- International Consumer
Global Food Service - Global Flavor
The Consumer business, which encompasses the combined company's retail sales of herbs, spices, seasonings, cooking aids, condiments, and sauces, will be organized into two geographic divisions, reflecting its scale. The structure has been designed to enhance the combined company's reach, strengthen its global brands tailored to local markets, and elevate the combined company's innovation and product development capabilities. Americas Consumer will have
The Global Flavor division will have
The commercial divisions will be supported by robust functions, organized for growth, scale, and disciplined execution. These functions will drive global efficiency and deliver best-in-class processes and standards across the combined organization.
Following transaction closing, the combined company's Integration Management Office will remain in place, with a dedicated senior leadership team that will oversee the execution of key integration goals by each commercial division. The office will also focus on overseeing an efficient exit from transition services agreements ("TSAs"), which will generally last up to 24 months following transaction closing, as well as synergy realization and the development of a unified organizational culture.
As previously shared,
Executive Team
As previously announced, upon transaction closing,
In alignment with the planned operating model,
Subject to the closing of the transaction, the following individuals are expected to serve in the roles set forth below:
Division Leaders:
Function Leaders:
These leaders will be based across
Secondary Listing and International Headquarters
To complement its existing NYSE listing,
As previously announced, the combined company will also have an International Headquarters and maintain substantial presence in
About McCormick
McCormick & Company, Incorporated is a global leader in flavor. With approximately $7 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and food service 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, Gourmet Garden, FONA and Giotti. The breadth and reach of our portfolio uniquely position us to capitalize on the consumer demand for flavor in every sip and bite, through our products and our customers' products. We operate in two segments, Consumer and Flavor Solutions, which complement each other and reinforce our differentiation. The scale, insights, and technology that we leverage from both segments are meaningful in driving sustainable growth.
Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is committed to its Purpose – To Make Life More Flavorful – and driven by its Vision - To be the World's Most Trusted Source of Flavor.
To learn more, visit: globalflavorleader.com, www.mccormickcorporation.com or follow McCormick & Company on Instagram and LinkedIn.
For information contact:
Investor Relations:
Faten Freiha - faten_freiha@mccormick.com
Global Communications:
Jill Marvin - jill_marvin@mccormick.com
Media Relations:
MKCmedia@fticonsulting.com
McCormick Cautionary Statement Regarding Forward Looking Statements
Certain information contained in this document that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such as "will," "aim," "expects," "anticipates," "intends," "looks," "believes," "vision," "ambition," "target," "goal," "plan," "potential," "work towards," "may," "milestone," "objectives," "outlook," "probably," "project," "risk," "continue," "should," "would be," "seeks," or the negative of these terms and other similar expressions of future performance, results, actions or events, and their negatives, are intended to identify such forward-looking statements. Forward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of McCormick. The forward-looking statements contained in this document include, without limitation, the anticipated benefits of, and our plans, strategies and objectives relating to, the pending transaction with Unilever Foods.
These and other forward-looking statements are based on management's current views and assumptions. They are not historical facts, nor are they guarantees of future performance or outcomes. Many risks, uncertainties and other factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: (i) the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction, including changes in relevant tax and other applicable laws, and the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement; (ii) the failure to obtain necessary regulatory approvals, approval of our shareholders, anticipated tax treatment or any required financing, or to satisfy any of the other conditions to the transaction, including the risks that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, may require conditions, limitations or restrictions in connection with such approvals or that such regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction; (iii) the risk that the proposed transaction may not be completed on the terms or in the time frame expected by the parties, or at all; (iv) direct transaction costs and substantial transition and integration-related costs associated with the proposed transaction with Unilever Foods; (v) the possibility that unforeseen liabilities, future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies resulting from the transaction or otherwise could adversely impact anticipated combined company metrics and/or the value or expected benefit of, timing or pursuit of the transaction; (vi) the risks and costs of the pursuit and/or implementation of the anticipated separation of Unilever Foods' business, including the anticipated timing required to complete the separation, any adjustment to the terms of the transaction and any changes to the configuration of the businesses included in the separation if implemented; (vii) uncertainties as to McCormick's access to available financing to consummate the transaction upon acceptable terms and on a timely basis or at all; (viii) the failure to obtain the ef