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Brendan Foley

๐Ÿ‘ค Speaker
80 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Well, the important part is how you plan integration.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

So we have a very detailed integration plan that we have underway.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And we have a lot of experience in doing this.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Of course, not necessarily at this size and this scale.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

But when you look at an integration, it's important to define the complexity that you're dealing with.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And in this one, think about first you have to separate

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And then you have to integrate.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And right now, the separation, I think 80% of the sales of Unilever's food business is already separated.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

It's standalone.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Think about the sales organization, manufacturing, R&D.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Those are things that kind of come together and kind of reduce execution risk.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

But also think about market overlap.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Now we're talking about the combining aspect of this.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And so we see a lot of overlap opportunities where we're lifting and shifting great Unilever talent and ways of operating into a combined business.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

This is a global business, and we need people globally.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

It's the quality and the flavor of our products.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

So you think about the hot sauce category.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Those are flavors that can't be replicated.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And so people are really loyal to them.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Think about Cholula or Frank's Red Hot.