I ran across an article highlighting comments from the CEOs of McCormick & Company and Restaurant Brands International on their organization’s commitment to diversity and inclusion. Both companies talked a good game: McCormick’s CEO, Lawrence Kurzius, for example, outlined diversity goals that include having women hold 50% of leadership positions globally, and ethnically diverse individuals in 30% of US leadership roles by 2025.
Kurzius claims that the company is close to achieving these goals, which of course, must include leadership below the C-suite level, because at the C-suite level:
- There are seven executive officers total with two women serving (29%): Lisa Manzone, SVP of HR, and Nneka Rimmer, an African-American woman who is the SVP of Business Transformation. Rimmer is the only obvious racial/ethnic minority (15%) among the group.
- Manzoni and Rimmer are also the only two executive officers who are not NEOs (named executive officers) (meaning neither woman is among the top compensated executives).
McCormick’s board is more diverse than its executives: four women (out of eleven), two African Americans, a North African and one Latina. This is true in many cases where board diversity has not translated to the executive leadership.
Restaurant Brands International is the parent company of Burger King, Tim Horton’s and Popeyes. Its CEO, Jose Cil also says they are serious about diversity, noting that he would like to see “at least half of final round candidates interviewing for roles within Restaurant Brands’ corporate offices globally to be from groups that are “demonstrably” diverse.
Their leadership stats?
- The board has Latino diversity with a number of Brazilian businessmen but only one woman - Golnar Khosrowshahi, CEO of Reservoir Media Management (9% female), who is of Iranian-Canadian descent. There is no other apparent diversity.
- There are two female executives among the nine-member executive team: Jill Granat, General Counsel and Corp Secy (also a top compensated exec) and Jacqueline Friesner, Chief Accounting Officer and Controller.
- AfricanAmericans: none that I could identify, but I couldn’t confirm race/ethnicity for Friesner.
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