IFF Announces Nourish Division Leadership Transition

Rhea-AI Summary

Nicolas Mirzayantz, president of IFF's Nourish division, will leave the company after over 34 years, effective December 31, 2022. CEO Frank Clyburn will temporarily lead the Nourish division until a replacement is appointed. During his tenure, Mirzayantz held key roles, including regional manager for North America and divisional CEO of Scent, enhancing IFF’s market position through significant mergers and acquisitions. He was pivotal in integrating DuPont’s Nutrition and Biosciences unit and championed sustainability initiatives within the company.

Positive

• Mirzayantz's tenure marked significant growth and transformation at IFF.
• Under Mirzayantz, IFF strengthened its position as a market leader in the fragrance industry.
• His leadership fostered a culture of innovation and creativity.

Negative

• The leadership transition could create uncertainty during the interim period.
• Clyburn's temporary leadership may lack the continuity needed for ongoing projects.

Nicolas Mirzayantz to depart IFF following career of industry-defining accomplishments

NEW YORK--(BUSINESS WIRE)-- IFF (NYSE: IFF) today announced that Nicolas Mirzayantz, president of IFF’s Nourish division, will leave the Company following a successful 34+ year tenure, effective Dec. 31, 2022. Upon his departure, IFF CEO Frank Clyburn will lead IFF’s current Nourish division until a replacement is named.

Mirzayantz had an illustrious career in which he served in critical leadership roles across the organization. He first joined IFF’s Creative Center in Paris in 1988, and later served as regional manager of North America and divisional CEO of Scent, where he transformed IFF’s Scent division into a global leader. During his tenure, he led the division through a series of mergers and acquisitions that resulted in expanded, differentiated offerings for IFF’s customers. Most recently, as president of IFF’s Nourish division, he served a critical role in overseeing IFF’s transformational integration with DuPont’s Nutrition and Biosciences enterprise and capitalized on the Company’s opportunities across the entire food and beverage industry. In addition, Mirzayantz has been a champion of sustainability, setting the foundation for the Company’s industry-leading ESG+ initiatives.

“Few have been more instrumental in our company’s transformation or had a bigger impact through the years than Nicolas,” said Frank Clyburn, CEO, IFF. “Over his extensive tenure with IFF, Nicolas has played a key role in defining IFF’s vision and strategy and leading the company through growth while always being an advocate for IFF’s values. His leadership and mentorship have enabled countless creative discoveries, breakthrough innovations and served as a creative engine for IFF’s entrepreneurial culture and success. I thank him for all he has accomplished for both IFF and our industry and wish him the very best in the next chapter of his life.”

“Throughout my time at IFF, it has been an absolute honor and privilege to work alongside such talented teams all over the world as our Company has transformed into the market leader it is today,” said Mirzayantz. “I would like to express my profound gratitude to all of our extended teams and extraordinary customers for their trust and support. I am proud of the iconic, market-leading products that we have created together. I am equally proud of the unique culture we have fostered and the indispensable role that IFF plays in our customers’ success. IFF has established a stronger foundation, which is unrivaled in the pursuit of customer innovation, and I truly look forward to seeing all that the IFF team will accomplish in the future.”

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.

© 2022 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221206006100/en/

Media Relations:

Paula Heinkel

332.877.5339

Media.request@iff.com

Investor Relations:

Michael Bender

212.708.7263

Investor.Relations@iff.com

Source: IFF

FAQ

Who is Nicolas Mirzayantz, and what impact did he have on IFF?

Nicolas Mirzayantz served as president of IFF's Nourish division and was instrumental in the company's growth and transformation over 34 years.

What will happen to the Nourish division after Mirzayantz departs?

CEO Frank Clyburn will lead the Nourish division until a new president is appointed.

When will Nicolas Mirzayantz leave IFF?

Nicolas Mirzayantz's departure will be effective on December 31, 2022.

What are the potential impacts of Mirzayantz's departure on IFF?

His departure could lead to uncertainties during the leadership transition and may affect ongoing projects.