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


comments closed

Related News

June 16, 2024

Mondelēz, Lotus Bakeries partner to expand Biscoff brand in India, develop co-branded Chocolates

Consumer Packaged Goods

In addition, the two companies will collaborate on developing and launching new chocolate innovations that combine the signature Biscoff flavour and texture with Mondelēz’s iconic brands like Cadbury and Milka. The first co-branded chocolate products are expected to hit the shelves in the UK and Europe in early 2025.

June 16, 2024

Danone, DMC, Michelin and Crédit Agricole Centre France to create precision fermentation platform

Consumer Packaged Goods

The Biotech Open Platform aims to accelerate precision fermentation development by scaling up lab-tested innovative products and processes. By 2025, the project plans to install a demo-scale production line, including a fermenter and purification equipment, with additional equipment and a second production line to follow.

June 16, 2024

Kikkoman breaks ground on $560m US production facility

Consumer Packaged Goods

The new 240,000-square-foot Jefferson site is set on a 100-acre plot at the heart of what will be the 200-acre Food and Beverage Innovation Campus. The plant will be fully integrated and automated using advanced mobile technology. It has been designed for flexibility, speed, efficiency and scalability, with the ability to make smaller or larger batch sizes as needed.

How can we help you?

We're easy to reach