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8-K - INTERNATIONAL FLAVORS & FRAGRANCES INC | c2161028k.htm |
Exhibit
99.1
International
Flavors and Fragrances, Inc.
NEWS RELEASE |
FOR IMMEDIATE
RELEASE
Doug
Tough to Assume Role as
IFF
Chairman & CEO Effective March 1, 2010
NEW YORK, N.Y., February 17, 2010
– International Flavors & Fragrances Inc. (NYSE: IFF), a leading
global creator of flavors and fragrances for consumer products, today announced
that current Non-Executive Chairman, Douglas D. Tough, will assume the role of
Chairman and Chief Executive Officer effective March 1, 2010.
“As I
begin my journey as Chairman and Chief Executive Officer of International
Flavors & Fragrances, I am excited to lead our organization into the next
decade and leverage the enormous opportunities that exist for such a dynamic
Company,” said Doug Tough. “Throughout its long history, IFF’s strong
credentials across a range of critical factors have provided the company with a
winning heritage. Going forward, I will look to work with the
talented team to create an even brighter future for IFF and all its
constituents.”
Doug
Tough continued, “I am extremely grateful to the senior leadership team as well
as all our employees for their focus during the recent transition
period. In a challenging economic environment, they were able to make
fundamental enhancements that drove improved performance over the second half of
2009. I am also grateful to my colleagues on the IFF Board for their
support and counsel. I look forward to leading this outstanding team
through the next phase of IFF’s growth.”
Doug
Tough, a proven consumer products executive, joined the Board of IFF in October
2008. He has been CEO of Australia-based Ansell Limited for nearly six
years. Prior to Ansell, he had a 17-year career with Cadbury
Schweppes Plc where he held a variety of senior positions overseeing consumer
products divisions both in the U.S. and abroad.
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 32 countries worldwide. For more
information, please visit our website at www.iff.com.
Investor
& Media Relations Contact:
International
Flavors & Fragrances
Michael
DeVeau
212-708-7164
###