IFF Appoints Richard O’Leary Executive Vice President & Chief Financial Officer
October 11 2016 - 4:15PM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161011006653/en/
IFFMichael DeVeau, 212-708-7164VP, Global Corporate
Communications & Investor RelationsMichael.DeVeau@iff.com
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