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IFF today announced the retirement of two members of its senior management team

New York, New York (March 27, 2003)—International Flavors & Fragrances Inc. (NYSE: IFF) (“IFF” or “the Company”) today announced the retirement of two members of its senior management team. Julian Boyden, Executive Vice President, will retire March 31, 2003, concluding a 35 year career in the flavors and fragrances industry. Stephen A. Block, Senior Vice President, General Counsel and Secretary, will retire at the end of 2003 after 11 years of service.

Mr. Boyden was President and CEO of Bush Boake Allen and came to IFF with the acquisition of BBA in November 2000. As Chairman of the Integration Steering Committee, Mr. Boyden helped IFF achieve a successful merger, both operationally and financially. Since the completion of the integration, Mr. Boyden has been exploring new business ventures and new avenues for growth for IFF. He will continue to assist IFF on several strategic projects through the end of 2003. His position will not be filled.

Mr. Block joined IFF in December 1992. In addition to performing the traditional functions of Secretary and General Counsel, Mr. Block represented IFF on the boards of directors of many key industry organizations, including: the Fragrance Materials Association (FMA), the Research Institute for Fragrance Materials (RIFM), the Flavor & Extract Manufacturers Association (FEMA), the International Fragrance Association (IFRA), and the International Association of the Flavor Industry (IOFI). Following his retirement, Mr. Block will continue to represent IFF on these boards and will serve as the President of FEMA during the year commencing May 2004. A successor for Mr. Block will be named in due course.

IFF thanks Mr. Boyden and Mr. Block for their lasting contributions to the Company and wishes both the very best in their new endeavors.

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About IFF
IFF is the world's leading creator and manufacturer of flavors and fragrances used in a wide variety of consumer products—from fine fragrances and toiletries, to soaps, detergents and other household products, to beverages and food products. IFF is dedicated to The Pursuit of Excellence in every area of its business, using knowledge, creativity, innovation and technology to continually provide customers with the highest quality products and service and superior consumer understanding.

IFF has sales, manufacturing and creative facilities in 37 countries worldwide and annual sales exceeding $1.8 billion. For more information, please visit our Web site at

Gail Belmuth
Vice President, Corporate Communications, IFF
Tel: 212-708-7208, Fax: 212-708-7144
Email: mhiff( "gail.belmuth","" )