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IFF Appoints New Member to the Board of Directors

NEW YORK, Jan 3, 2002 (BUSINESS WIRE) -- International Flavors & Fragrances Inc. (NYSE:IFF) announced the appointment of James R. Cantalupo, Vice Chairman and President of McDonald's Corporation, to its Board of Directors.

"James Cantalupo has an intimate understanding of both IFF's customers and its consumers and will be a valuable asset to IFF as we continually strive to improve our customer service levels," said Richard A. Goldstein, IFF's Chairman and Chief Executive Officer. "His vast international experience will also do much to benefit IFF's global organization."

    About James R. Cantalupo
James R. Cantalupo serves as Vice Chairman and President of McDonald's Corporation. Previously, he was Vice Chairman of McDonald's Corporation and Chairman and Chief Executive Officer of McDonald's International. Prior to this post, he was President and Chief Executive Officer of McDonald's International. He has been a member of the Board of Directors of McDonald's Corporation since 1987.

After eight years with Arthur Young & Company, Mr. Cantalupo joined McDonald's as Controller in 1974. He was promoted to Vice President in 1975 and Senior Vice President in 1981. Since then, Mr. Cantalupo served as District Manager in the Chicago Region, and in 1985, he was appointed a Zone Manager, Northeast U.S. He was appointed President of McDonald's International in 1987.

Mr. Cantalupo is a member of the Board of Directors of Sears, Roebuck, and Company, Rohm and Haas Company, the Chicago Council of Foreign Relations, Illinois Tool Works, Inc., the Mid-America Committee, and World Business Chicago. He also serves as a member of the Board of Trustees of the National Multiple Sclerosis Society, Chicago chapter, and served for two years as its Chairman. He is a past President of the International Federation of the Multiple Sclerosis Societies and currently serves on its Board of Directors.

Mr. Cantalupo serves on the Board of Trustees of Ronald McDonald House Charities, and previously served as a director of the Northern Trust Bank/DuPage. He is a graduate of the University of Illinois.

    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 42 countries worldwide and approximate annual revenues of $1.9 billion. For more information, please visit our Web site at

    Note: A Photo is available at URL:
CONTACT:          IFF, New York
                  Jan Little
                  Tel:  212-708-7278

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