Robert Amen Resigns as Chairman and CEO
Douglas D. Tough to Assume Role of Non-Executive Chairman
Effective October 1st and
Chairman and CEO in Early 2010
Interim Office of the CEO to be Established, Comprised of: CFO
Kevin Berryman; Group President, Fragrances, Mirzayantz; and, Group
President, Flavors, Vaisman
NEW YORK--(BUSINESS WIRE)--Sep. 14, 2009--
International Flavors & Fragrances Inc. (NYSE:IFF), a leading global
creator of flavors and fragrances for the consumer staples and products
industry, today announced that Robert Amen has resigned his role of
Chairman and CEO of IFF effective September 30, 2009. Douglas D. Tough,
currently an IFF Board member and chief executive officer and managing
director of Ansell Limited, will assume the role of Non-Executive
Chairman on October 1, 2009 and the positions of Chairman and CEO when
his contract with his current employer expires no later than the end of
first quarter 2010.
Arthur Martinez, Lead Director of IFF, commented, “We thank Rob for his
contributions in making IFF the strong, customer-focused and innovative
growth company it is today. The Board and management team join me in
wishing him well in his future pursuits.”
Robert Amen said, “It has been my privilege to serve as IFF’s chief
executive for the past three years. I am proud of IFF’s accomplishments
and am confident the talented people of IFF will continue to drive this
company forward to realize its long-term potential.”
Beginning October 1, IFF will establish a temporary Office of the CEO,
which will be comprised of three current IFF executives: Chief Financial
Officer, Kevin Berryman; Group President, Fragrances, Nicolas
Mirzayantz; and, Group President, Flavors, Hernan Vaisman. They will
remain in their current positions while carrying out their Office of the
CEO responsibilities. The Office of the CEO will report to Non-Executive
Chairman Douglas Tough.
Douglas Tough, a proven consumer products executive, joined the Board of
IFF in October 2008. He has been CEO of Australia-based Ansell Limited
for 5 years, and prior to that, had a 17-year career with Cadbury
Schweppes Plc where he held a variety of senior positions overseeing
consumer products divisions both in the US and abroad.
Arthur Martinez added, “We are very pleased that Doug has agreed to
assume the role of Chairman and CEO. Doug is a veteran executive who has
solid knowledge of IFF and extensive leadership experience in the
consumer products space. He will be a tremendous asset to our company as
we continue to execute on our growth strategy, build on our strong
fundamentals and deliver profitable, sustainable growth.”
Douglas Tough said, “I am truly excited to lead IFF into the next decade
and leverage the enormous opportunities that exist for such a dynamic
company. I look forward to working with the company’s impressive and
broad leadership team. IFF has tremendous capabilities in research,
consumer insight and creativity-attributes that will provide customers
with winning products leading to success for customers, employees and
shareowners.”
About IFF
International Flavors & Fragrances Inc. (NYSE: IFF), is a leading global
creator of flavors and fragrances used in a wide variety of consumer
products and packaged goods. Consumers experience these unique scents
and tastes in fine fragrances and beauty care, detergents and household
goods, as well as beverages, confectionery and food products. The
Company leverages its competitive advantages of brand understanding and
consumer insight combined with its focus on R&D and innovation, to
provide customers with differentiated product offerings. A member of the
S&P 500 Index, IFF has sales, manufacturing and creative facilities in
31 countries worldwide. For more information, please visit our Web site
at www.iff.com.
Source: International Flavors & Fragrances Inc.
Investors
IFF
Kevin Berryman, 212-708-7270
or
Media
The
Abernathy MacGregor Group
Winnie Lerner, 212-371-5999
