McCormick Details Changes as Retirement Nears for Current EVP & CFO Mike Smith

July 1, 2024

Marcos Gabriel will be promoted to EVP and CFO, and will transition into the role beginning in December.

Marcos Gabriel, executive vice president and CFO, McCormick & Co. Inc. (effective Dec. 1, 2024)

McCormick & Co. Inc. has promoted Marcos Gabriel to executive vice president and chief financial officer effective Dec. 1, 2024, at which time current EVP and CFO Mike Smith will shed the CFO role and serve as EVP until his retirement on Feb. 28, 2025. Smith has held the EVP/CFO role since 2016.

Gabriel will lead the global finance organization and global business services team for McCormick in the new position, reporting to president and CEO Brendan Foley. Gabriel currently serves as senior vice president, Global Finance and Capital Markets. He joined McCormick in 2017 as CFO, Americas, and has also been the company’s chief transformation officer.

Prior to his time at McCormick, Gabriel had held leadership roles at Avon, Unilever and Eli Lilly across Europe, North America and Latin America.

Smith will step away after more than three decades of leadership at McCormick, during which time the company said it drove top-tier organic growth and successfully acquired Frank’s RedHot, French’s and Cholula, as well as the FONA flavor business.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.