Sector News

IFF announces CFO retirement plan

May 17, 2024
Consumer Packaged Goods

IFF has announced that its chief financial and business transformation officer, Glenn Richter, will retire on 31 December 2024, following a three-year tenure with the company.

IFF has initiated the process of selecting a successor for the CFO position, considering both internal and external candidates.

Richter joined IFF in 2021 as head of global finance. Prior to IFF, he also held various senior positions at PepsiCo subsidiary Frito-Lay between 1989 and 1996.

Erik Fyrwald, IFF’s CEO, commented: “During his time at IFF, Glenn has driven multiple actions to improve our balance sheet and position the company for financial success. We have benefited from his experience and commitment to transformation. Notably, the work he has led on portfolio optimisation, strategy development and our shared services agenda have positioned IFF to drive long-term profitable market share growth.”

“The board and I are grateful for all Glenn has helped IFF accomplish, and we appreciate his ongoing leadership of the finance function and support in identifying his successor and ensuring a smooth transition.”

By Rafaela Sousa

Source: foodbev.com

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