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McCormick will reorganize its commercial divisions and seek a secondary listing in London as the spice giant gives its first public look into its operating model following its planned merger with Unilever's food business.
Following the close of the deal, McCormick said it will reorganize into four commercial divisions: Americas Consumer, International Consumer, Global Food Service and Global Flavor. McCormick also announced the company's expected executive team, which is a mix of talent from both companies and is effective upon the deal's close.
"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," Brendan Foley, president and CEO of McCormick, said in a statement Thursday.
McCormick in March said it reached an agreement to buy the majority of Unilever's food business, including Hellman’s mayonnaise and Knorr sauces, for $44.8 billion. The deal, expected to be completed by mid-2027, is set to significantly expand McCormick's international reach and create a global condiments and ingredients giant.
