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IFF Announces Continuation of Cooperation Agreement with Icahn Capital

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IFF announces continuation of cooperation agreement with Icahn Capital LP and its affiliates. They will renominate one Icahn director and one mutually agreed director to the IFF board for the 2024 proxy season.
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NEW YORK--(BUSINESS WIRE)-- IFF (NYSE: IFF) today announced the continuation of the cooperation agreement with Icahn Capital LP and its affiliates. Icahn Capital and IFF have agreed to renominate one Icahn director and one mutually agreed director to the IFF board for the 2024 proxy season.

“The Icahn Group’s relationship with IFF has brought relevant market experience to and enhanced the financial expertise of the IFF Board. We are pleased to continue to benefit from their expertise as we execute our growth and transformation plan to drive increased shareholder value,” said Roger Ferguson, chairman of IFF’s Board of Directors.

“I believe the IFF Board and management team are poised to capture further value for shareholders as they continue on their strategic transformation to optimize the portfolio,” said Carl Icahn, CEO of Icahn Capital.

Welcome to IFF

At IFF (NYSE: IFF), an industry leader in food, beverage, scent, health and biosciences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty of art and the precision of science, we are an international collective of thinkers who partners with customers to bring scents, tastes, experiences, ingredients and solutions for products the world craves. Together, we will do more good for people and planet. Learn more at iff.com, Twitter , Facebook, Instagram, and LinkedIn.

© 2023 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved.

Media Relations:

Paulina Heinkel

332.877.5339

Media.request@iff.com



Investor Relations:

Michael Bender

212.708.7263

Investor.Relations@iff.com

Source: IFF

FAQ

What is the cooperation agreement between IFF and Icahn Capital LP?

The cooperation agreement between IFF and Icahn Capital LP involves the renomination of one Icahn director and one mutually agreed director to the IFF board for the 2024 proxy season.

Who is the chairman of IFF's Board of Directors?

Roger Ferguson is the chairman of IFF's Board of Directors.

Who is the CEO of Icahn Capital?

Carl Icahn is the CEO of Icahn Capital.

What is IFF's focus?

IFF is an industry leader in food, beverage, scent, health, and biosciences, creating essential solutions for a better world.

Where can I learn more about IFF?

You can learn more about IFF at iff.com, Twitter, Facebook, Instagram, and LinkedIn.

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