NEW YORK--(BUSINESS WIRE)--Oct. 11, 2016--
Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris:IFF),
a leading innovator of sensory experiences that move the world,
announced that Richard O’Leary, the Company’s current Senior Vice
President, Controller and Chief Accounting Officer, has been appointed
Executive Vice President and Chief Financial Officer, effective
immediately. This announcement comes as Alison A. Cornell, Executive
Vice President and Chief Financial Officer, will be leaving the company
to pursue other opportunities.
“Rich has been an accomplished financial leader for IFF and a trusted
business partner to the entire Executive Committee for nearly a decade,”
said Andreas Fibig, Chairman and Chief Executive Officer. “His strong
financial acumen, deep understanding of IFF’s global business operations
and ability to partner with our business leaders to improve overall
company performance make him the clear choice to assume the CFO role.
With this natural and seamless transition, the Board and I are confident
that we have ensured continued focus on executing our Vision 2020
strategy to maximize shareholder value.”
Mr. Fibig continued, “We thank Alison for her time with the organization
and wish her the very best in her future pursuits.”
Mr. O’Leary’s career spans more than 30 years in key finance leadership
roles where he was responsible for driving financial processes and
controls to support growth, profitability and return on investment
goals. Most recently, since July 2015, Mr. O’Leary has served as Senior
Vice President, Controller and Chief Accounting Officer, where he led a
diverse global team overseeing all accounting functions. Previously, he
served as IFF’s Interim Chief Financial Officer from November 2014 to
July 2015; Vice President and Corporate Controller from May 2009 to
November 2014; Interim Chief Financial Officer from July 2008 to May
2009; and Vice President, Corporate Development from July 2007 to May
2009.
Before joining IFF, Mr. O’Leary spent 21 years at International Paper
Company where he held finance leadership roles of increasing
responsibility with assignments in Brazil, Belgium, France and the
United States. Prior to International Paper Company, Rich was a Senior
Auditor with Arthur Young & Co. He graduated with a bachelor’s degree in
Accounting from Manhattan College.
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris:IFF)
is a leading innovator of sensorial experiences that move the world. At
the heart of our company, we are fueled by a sense of discovery,
constantly asking “what if?”. That passion for exploration drives us to
co-create unique products that consumers taste, smell, or feel in fine
fragrances and beauty, detergents and household goods, as well as
beloved foods and beverages. Our 6,700 team members globally take
advantage of leading consumer insights, research and development,
creative expertise, and customer intimacy to develop differentiated
offerings for consumer products. Learn more at www.iff.com, Twitter,
Facebook,
Instagram,
and LinkedIn.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161011006653/en/
Source: International Flavors & Fragrances Inc.
IFF
Michael DeVeau, 212-708-7164
VP, Global Corporate
Communications & Investor Relations
Michael.DeVeau@iff.com
