IFF Announces Board of Directors Changes
IFF announced significant changes to its Board of Directors, effective through 2025. Kevin O'Byrne, current board member and Centrica plc chair, will become Board Chair at the 2025 Annual Shareholder Meeting, succeeding Roger W. Ferguson, Jr. who will not seek reelection after 14 years of service.
Three new directors - Cynthia Jamison, Dr. Mehmood Khan, and Vincent Intrieri - will join effective January 1, 2025. Intrieri's appointment comes at Icahn Capital LP's request, replacing Gary Hu. Additionally, Christina Gold and John Davidson will not seek reelection in 2025, resulting in a ten-member board structure.
IFF ha annunciato importanti cambiamenti al suo Consiglio di Amministrazione, che saranno effettivi fino al 2025. Kevin O'Byrne, attuale membro del consiglio e presidente di Centrica plc, diventerà Presidente del Consiglio durante l'Assemblea Annuale degli Azionisti del 2025, succedendo a Roger W. Ferguson, Jr. che non si ricandiderà dopo 14 anni di servizio.
Tre nuovi direttori - Cynthia Jamison, Dr. Mehmood Khan e Vincent Intrieri - entreranno nel consiglio a partire dal 1 gennaio 2025. La nomina di Intrieri avviene su richiesta di Icahn Capital LP, che sostituisce Gary Hu. Inoltre, Christina Gold e John Davidson non si ricandideranno nel 2025, portando a una struttura del consiglio composta da dieci membri.
IFF anunció cambios significativos en su Junta Directiva, que serán efectivos hasta 2025. Kevin O'Byrne, actual miembro de la junta y presidente de Centrica plc, se convertirá en Presidente de la Junta en la Asamblea Anual de Accionistas de 2025, sucediendo a Roger W. Ferguson, Jr., quien no buscará la reelección después de 14 años de servicio.
Tres nuevos directores - Cynthia Jamison, Dr. Mehmood Khan y Vincent Intrieri - se unirán a partir del 1 de enero de 2025. La contratación de Intrieri se realiza a petición de Icahn Capital LP, en lugar de Gary Hu. Además, Christina Gold y John Davidson no buscarán la reelección en 2025, resultando en una estructura de junta de diez miembros.
IFF는 2025년까지 유효한 이사회의 중요한 변화를 발표했습니다. Kevin O'Byrne, 현재 이사이자 Centrica plc 의장은 2025년 연례 주주총회에서 이사회 의장으로 취임하게 되며, Roger W. Ferguson, Jr.는 14년의 재임 후 재선에 나서지 않을 것입니다.
세 명의 신규 이사인 Cynthia Jamison, Dr. Mehmood Khan, 그리고 Vincent Intrieri가 2025년 1월 1일부로 합류합니다. Intrieri의 임명은 Icahn Capital LP의 요청에 따른 것으로, Gary Hu를 대체하게 됩니다. 또한, Christina Gold와 John Davidson은 2025년 재선에 나서지 않을 것이며, 이에 따라 10명의 이사회가 구성됩니다.
IFF a annoncé des changements significatifs au sein de son Conseil d'Administration, qui seront effectifs jusqu'en 2025. Kevin O'Byrne, membre actuel du conseil et président de Centrica plc, deviendra Président du Conseil lors de l'Assemblée Annuelle des Actionnaires de 2025, succédant à Roger W. Ferguson, Jr. qui ne cherchera pas à être réélu après 14 ans de service.
Trois nouveaux directeurs - Cynthia Jamison, Dr. Mehmood Khan et Vincent Intrieri - rejoindront le conseil à partir du 1er janvier 2025. La nomination d'Intrieri intervient à la demande d'Icahn Capital LP, remplaçant Gary Hu. De plus, Christina Gold et John Davidson ne chercheront pas à être réélus en 2025, ce qui aboutira à une structure du conseil de dix membres.
IFF kündigte bedeutende Änderungen seines Vorstands an, die bis 2025 wirksam sind. Kevin O'Byrne, aktuelles Vorstandsmitglied und Vorsitzender von Centrica plc, wird beim jährlichen Aktionärstreffen 2025 Vorsitzender des Vorstands werden und Roger W. Ferguson, Jr. nachfolgen, der nach 14 Jahren im Amt nicht zur Wiederwahl antreten wird.
Drei neue Direktoren - Cynthia Jamison, Dr. Mehmood Khan und Vincent Intrieri - werden ab dem 1. Januar 2025 beitreten. Intrieris Ernennung erfolgt auf Antrag von Icahn Capital LP, wodurch Gary Hu ersetzt wird. Darüber hinaus werden Christina Gold und John Davidson im Jahr 2025 nicht zur Wiederwahl antreten, was zu einer Vorstandsstruktur von zehn Mitgliedern führt.
- Board restructuring aims to strengthen long-term strategic vision and drive profitable market share growth
- Appointment of experienced Kevin O'Byrne as new Board Chair indicates strong leadership continuity
- Strategic addition of three new board members brings fresh expertise and perspectives
- Significant board turnover with four members departing could temporarily impact continuity
- Icahn Capital's continued influence through board representation suggests ongoing activist pressure
New Board Chair: Kevin O’Byrne—an experienced IFF board member and chair of Centrica plc—will become Board Chair at the 2025 Annual Shareholder Meeting. O’Byrne will succeed Roger W. Ferguson, Jr. who has served as Chair since 2022. Ferguson notified IFF of his intent to not stand for reelection at the 2025 Annual Shareholder Meeting after 14 years of distinguished service.
Board Appointments: Cynthia Jamison, Dr. Mehmood Khan and Vincent Intrieri will join the Board of Directors effective Jan. 1, 2025. Intrieri’s appointment is at the request of Icahn Capital LP pursuant to the Cooperation agreement. He replaces Gary Hu, who will step down from the IFF Board on Dec. 31, 2024.
Board Retirements: Christina Gold and John Davidson have announced their plans to not stand for reelection at the 2025 Annual Shareholder Meeting. When these departures are in effect, IFF will have ten board members.
“It has been an incredible honor and privilege to serve on the IFF Board,” said Ferguson. “IFF has the right leaders in place, a dynamic team fueled by science and creativity, plus a world-class portfolio backed by a cutting-edge R&D pipeline. The Company is very well placed to meet the needs of its customers, powering everyday products for tomorrow’s consumers. I am very proud of the strong progress in the last twelve months and excited to see IFF build on this momentum in the coming years. I want to thank Erik and the entire team at IFF for their commitment and support.”
“We are grateful for Roger, Christina, John and Gary's invaluable contributions to strengthening IFF,” said Erik Fyrwald, IFF CEO and director. “As we author our next chapter, I look forward to working with Kevin in his new role. I am delighted to welcome Cindie, Mehmood and Vince to the board. Their expertise, experience and insights will support us in unlocking our full potential to serve our customers, deliver innovative, sustainable solutions, and profitably grow IFF.”
About Cynthia Jamison
Cynthia “Cindie” Jamison is a seasoned executive with more than two decades of corporate boardroom and financial leadership experience. She currently chairs the boards of Darden Restaurants and Big Lots, and previously chaired Tractor Supply Co.
Before focusing on board service, Jamison was the CFO of AquaSpy, Inc. and held CFO roles at various companies during periods of growth or turnaround. From 1999-2009, she was a managing partner at Tatum LLP, leading the CFO Services practice and overseeing more than 400 CFOs nationally. She also served as CFO or COO for several companies, including eMac, Inc., Cosi, Inc., SurePayroll and Illinois Superconductor.
Her earlier career includes roles at Chart House Enterprises, Allied Domecq Retailing
Jamison is recognized as an expert in financial and economic issues, frequently speaking on topics related to CFOs and board governance. She has been quoted in Forbes, The Wall Street Journal, Newsweek and The Economist. She is an NACD Board Leadership Fellow named among the NACD D100.
About Mehmood Khan
Dr. Mehmood Khan is the CEO of Hevolution Foundation, a first-of-its-kind global non-profit organization with a mission to extend healthy lifespan for people everywhere. Hevolution provides grants and early-stage company investments to incentivize independent research and entrepreneurship in the emerging field of healthspan science. The organization aims to increase the number of safe and effective treatments entering the market, compress the timeline of drug development using the latest tools and technologies, and increase accessibility to therapeutics. Hevolution has committed more than
Dr. Khan is a member of the Board of Directors of Reckitt Benckiser and the Saudi Research, Development, and Innovation Authority and the Saudi National Biotechnology Strategy Steering Committee.
He previously served as a Chairman of the Visiting Committee on Advanced Technology of the United States’ National Institute of Standards and Technology, and as the Executive Chair of Life Biosciences after serving as the CEO from 2019-2024. Life Biosciences is based in
Prior to this role, Dr. Khan served as PepsiCo’s Vice Chairman and Chief Scientific Officer of Global Research and Development. With net revenues of more than
Prior to joining PepsiCo, Dr. Khan was President of Takeda Global Research & Development Center, overseeing Takeda Pharmaceuticals Company’s worldwide R&D efforts. He was also a faculty member at the Mayo Clinic and Mayo Medical School in
About Vincent Intrieri
Vince Intrieri is the founder and CEO of VDA Capital Management LLC, a private investment fund established in 2017. Intrieri previously worked for Carl Icahn-related entities in various investment roles from 1998 to 2016, including serving as senior managing director of Icahn Capital LP from 2008 to 2016.
Intrieri is currently a Director of Transocean Ltd, Hertz Global Holdings and Chairman of the Board of Sandridge Energy Inc. His past directorships include Navistar International Corp., Energen Corp., Conduent Inc., Chesapeake Energy Corp., CVR Refining GP LLC, Ferrous Resources Ltd., Forest Laboratories Inc., CVR Energy Inc., Federal-Mogul Holdings Corp., Icahn Enterprises LP, Dynegy Inc., PSC Metals, Motorola Solutions Inc., XO Holdings, National Energy Group, American Railcar Industries, WestPoint Home LLC and Viskase Companies Inc.
Intrieri graduated with distinction from Pennsylvania State University with a B.S. in accounting in 1984 and was a certified public accountant.
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At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience. Learn more at iff.com, LinkedIn, Instagram and Facebook.
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FAQ
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Which current IFF board members are not seeking reelection in 2025?
