Lawrence E. Kurzius has been leading McCormick & Company since 2016. His management expertise has helped the company thrive in the competitive food industry. Kurzius's 2023 compensation was notably tied to performance metrics, showcasing a link between his pay and...
Lawrence E. Kurzius has been leading McCormick & Company since 2016. His management expertise has helped the company thrive in the competitive food industry. Kurzius's 2023 compensation was notably tied to performance metrics, showcasing a link between his pay and the company's success. He earned a $1.25 million salary and a bonus of over $2.5 million, which reflected a 207% payout based on targets like sales growth and profit levels. Over the years, his total compensation has seen fluctuations depending on performance, especially highlighted in 2021 when he earned about $12.7 million. Kurzius's strategic financial decisions are evident through his stock holdings, where he saw significant growth in 2021, peaking at nearly $23.8 million. However, the trend has shown a decrease recently, dropping to around $15.99 million in late 2023. Additionally, he has a vested interest in McCormick's long-term success, backing it through stock options and performance challenge plans that ensure his incentives align with shareholder interests. His approach blends leadership with financial acumen, navigating the complexities of both corporate goals and market conditions.