The company said its board appointed Valarie Sheppard as a director on May 21, 2024, effective June 1, 2024, and that she will also join the Audit Committee on that date.

1. 01

   The company said its board appointed Valarie Sheppard as a director on May 21, 2024, effective June 1, 2024, and that she will also join the Audit Committee on that date.

2. 02

   McCormick said Sheppard is a recently retired Executive Vice President, Controller and Treasurer of The Procter & Gamble Company and has more than 35 years of experience in finance and accounting.

3. 03

   The company said Sheppard will participate in the non-employee director compensation arrangements described on pages 22 through 24 of the Definitive Proxy Statement filed on February 15, 2024, and that there are no arrangements or related-party transactions involving her.

4. 04

   The company said the board will consist of 13 directors following the appointment, 11 of whom are independent, and described the appointment as part of the board's continuous refreshment process.

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