McCormick & Co. Appoints Retired P&G Exec to Board of Directors

McCormick & Co. has appointed Valarie Sheppard to its Board of Directors, effective June 1, 2024. Sheppard is retired executive vice president, controller and treasurer of Procter & Gamble Co.

With more than 35 years of experience in finance and accounting following a stellar career with P&G, Sheppard's expertise includes capital deployment and asset management, business process reengineering, acquisitions and divestures, external financial reporting and controls, and Sarbanes-Oxley compliance. Prior to her retirement in 2021, she led P&G's global finance, accounting, and treasury operations teams in over 65 countries. She held various senior financial leadership positions within the company over her tenure, including finance and accounting roles in the Fabric Care, Home Care, and the Beauty businesses, as well as assignments in Europe and Asia.

Sheppard also helped lead the financial integration of Gillette, the largest acquisition in P&G's history. She also brings additional audit and public accounting experience to the McCormick board from prior roles as senior vice president and P&G comptroller and treasurer where she frequently interacted with the company's Audit Committee.

Sheppard previously served on public company boards for Sovos Brands, Innovation International Acquisition Corp., and Anixter International on various Audit, Compensation, and Governance & Nominating committees. She currently serves on the board for Ibotta.

"Ms. Sheppard's global finance and accounting experience will be invaluable to McCormick as a global leader in flavor with brands sold in over 150 countries and territories. Her broad CPG Industry knowledge and commercial experience make her an excellent fit for McCormick. I look forward to working with Valarie and the rest of the board to oversee our strategic direction and advance our leadership and differentiation," said Brendan M. Foley, president and CEO of McCormick.

This new appointment is part of the board's commitment to its continuous refreshment process, ensuring it has a relevant mix of skills and experiences that complement McCormick's strategy and promote effective governance practices. With this appointment, the Board of Directors of McCormick will be comprised of 13 directors, 11 of which are independent.